Owning any of these three investments on a pullback to $100 would be great additions to my Beaglefolio.
APPL – Weighing another Apple buy, currently trading at $114.88, an 11% pullback to $100 is not likely, but if it does I will be adding to my position. APPL is a great company with fantastic products that continue to do well in the world marketplace. There are still plenty of growth opportunities in new markets and new products. I rate this stock a long term hold and look for opportunities like this current market correction, to add AAPL.
DIS – Disney has a fantastic mix of businesses and a great social media pipeline. In the last 7 days the term Star Wars’ has been tweeted 167,170 times, Lusasfilm 88,160 times, ESPN 51,580, Marvel Studios 47,200 and Disneyland Resort 22,230 times. (Source: Ameritrade Social Indicators)
With Starwars on the horizon and a continuation the global expansion of the Disney brands, I would love to own DIS and it is possible if it pulls back just another 7% from its current price of $107.26
GLD – Owning the ETF GLD is a much easier way to own gold than having the physical gold. As a contrarian investor, I look for good entry points on my investments and gold is starting to look good. Currently trading at $104.45, a pullback of 4.5% could certainly happen.
While everyone is selling gold I’m looking to buy my first lot of GLD, the gold ETF, if and when it hits $100. (Source: Buy GLD at $100)