This article is part of the series

The Chartman

Summer Doldrums in April? Consider J&J, Rite Aid

The ChartmanFOXBusiness

I thought I’d shake things up this week and talk about a few trades I’m in. Before I get to those, however, a quick look at the market. And I say “quick” because that’s about all it warrants.  That is, instead of dropping further – my (wrong) prediction – the Dow has moved back up and continued its sideways move.  In other words, the summer doldrums may already be upon us!

As for my trades, many of you know I like to buy stocks I use. One, I think everyone uses is Johnson & Johnson (NYSE:JNJ).  It plowed down recently, I bought, and now I’m hoping for a rebound.  (But, I’m prepared to buy more if it goes lower…)

Continue Reading Below

Another stock I recently bought is my local pharmacy, Rite Aid (NYSE:RAD).  Interesting in that it’s generally not a well-liked stock, but I do just fine with it, both in real-life and in the market.

Okay, that’s all for now. I’m off next week, but back in May!

What do you think?

Click the button below to comment on this article.