April was generally favorable for the markets. Earnings reports presented few surprises although the trend of beating analysts’ expectations while presenting lower year over year results continued. Financials were modestly positive while old technology seemed to disappoint. Until month end, the market was drifting higher. Then Apple’s and Starbucks reports were weak, the BOJ failed to raise rates and Carl Icahn announced he sold his Apple position over China fears. So the month ended basically flat managing a gain of .27% – at least it was positive.
My portfolio value managed a 2.66% gain with the weaknesses (KMB, SBUX and AAPL) being offset by M&A activity (Comcast (CMCSA) acquiring Dreamworks (DWA) and First Cloverleaf (FCLF) being acquired).
- I changed my portfolio reporting to measure % of dividends provided instead of market value.
- Updated the Blog Directory
- Sold Monarch Financial (due to upcoming merger).
- With the proceeds, initiated positions in SRCE, BKSC, CVLY and AROW
- Moved CVX from DRIP to brokerage resulting in a fractional share sale
- Added to LTXB prior to their earnings release.
- Added to SBUX after earnings.
- Added to AAPL after earnings(and the Icahn announcement)
- Added to XRX – I anticipate a reverse split prior to – or in conjunction with – the spinoff. So trying to position myself more favorably in this event.
- April delivered an increase of 38.7% over April 2015. This was due primarily my first dividends from NJR and SJI coupled with dividend increases.
- April was also up slightly from last quarter by 4.4%
- Announced dividend increases currently average 10.05% with 48.6% of my portfolio having at least one raise so far this year. .