Ahhh... Its great to be in a bull market. No matter what stocks you pick, even the balance sheet doesn't look good, it only takes 1 small rumor and the stock will go up. Welcome to the bull market people. The Philippines is in a bull market, breaking all time highs and a lot of people are optimistic.
For investors, it is a great time to add positions or hold. This is a great time to accumulate, invest in the stock market. Though, theres not much bargain stocks, the good news is that, you can never be wrong.
For traders, I don't know. I don't trade stocks. LOL
Bluechip stocks became premium priced now since we are in a bull market. Hunting for cheap, obscure and ugly companies has never been more of a pleasure. I'm not talking about mining and oil stocks. I personally think mining has been on a hype. Gold for me, is not a good investment. It is the greatest bubble as Mr. Warren Buffett and George Soros has said.
I also don't like stocks that gets easily affected by commodity prices. Oil companies, mining are just one example. Gold may be good for a lot of people to invest in. But there are no real practical applications of gold in real life.
Looking at some bluechips that I would like to buy, but are sincerely overpriced right now:
1. Jollibee Food Corp (JFC). I love this company, its a good company, I like their chicken and other food franchises. Its well established, well run and has a simple business model. Branding too. But its just overpriced and very generous in giving compensation for their managers. I don't like the combination.
2. Universal Robina Corp (URC). Junk foods. Everybody loves them. No matter how hard people try to hide or how politically correct your co workers may say, they will eat junk foods. Especially in recessions. But this company is overpriced at the moment. But I'll be watching this stock.
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