Adding to NSC here.
"BIG SURPRISE" fuel and personnel costs were up. I mean who saw that one coming? Apart from that the report was actually pretty good, so I definitely think this is a good place to add more.
Added a little ADP. It is still expensive but I have not added this one for years.
Restarted a position in cvs
Added AMGN, ABBV and ACN
Bought CVS and CVX
Sold out of META, CRM, SHOP, SPOT and U
Picked up 10-20 points in each. Happy to get out
Made the quick points and invested in back into quality and safety
Added JNJ, ABBV, CVS, DE, CVX, UNH and AMGN
Added to CM.to and MSFT.
Also sold out my tiny position in PG a few weeks back. I still like to idea of owning consumer staples, and I don't think there is anything wrong with PG. But there are too many things going against it now:
-it's very expensive compared to it's growth prospects
-at least Europe is going into some sort of a recession (not sure about the US, I guess that's possible too) which will hit PG relatively hard
-strong USD will be a big drag on the earnings
I should mention that I sold out of my position in HAS when they tried to repeal the Open Game License 1.0a in a classic Darth Vader "I am altering the deal. Pray I do not alter it any further" move, and replace it with a draconian new licensing agreement that made it sound like anything written for D&D would be owned by them. That would be like Oracle saying any program written with JAVA is owned by them. After a couple weeks of fan outrage as well as competitors opening up new licensing agreements to compete with their old one, Hasbro did a complete reversal. And the stock tanked over 8% on Friday due to that, so glad I'd already sold out by then.
New positions in CAT and NEE
Looks like those UNH and HUM buys paid off
Added MCD, JNJ, ABBV, NOC, CAT and XOM
New position in WM and ADP