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Mid-July additions to my portfolio

|Includes:AAPL, AMZN, CNI, McDonald's Corporation (MCD)

Pre-earnings this week I initiated positions in Canadian National Railway Company (NYSE:CNI), Apple, Inc. (NASDAQ:AAPL), Amazon Inc. (NASDAQ:AMZN), and McDonald's Restaurants (NYSE:MCD).

So far my first pick has been a success and continues to be one of the biggest positions in my portfolio.

Apple's results will play out during the week but I believe we'll see the stock edging closer to the $100 mark by the time August comes around.

Amazon remains to be seen. Such a heavily traded and stock with a stratospheric PEG in relation to the market at large makes for rampant speculation. I've chosen to stick to fundamentals and the company's foreseeable continued growth to hold on to this stock for the long term.

Lastly, McDonald's may seem a strange stock to initiate a completely new position in at the moment -- and truth be said I've taken a nearly 2% hit in light of this week's earnings -- but this is a company with an amazing brand and a global presence that few of its competitors can claim to. A far more detailed post is required to get into the pros and cons of (MCD) but suffice to say, it pays a reasonable dividend which will be sustainable into the future even if dividend growth may not be what it once was for the Golden Arches. In other words, a bedrock dividend stock for those building an income portfolio with the long term in mind.

Disclosure: The author is long AAPL, AMZN, CNI, MCD.