Topic: How To Invest

What is Pat’s commentary for the week of November 5, 2019

Article Excerpt

Last week, the U.S. House of Representatives finally voted to formalize an impeachment process for President Trump … and the market went up, which seems to have surprised a lot of people. Generally, it’s a good sign when a long-feared threat like the Trump impeachment vote occurs, and stock prices rise in response. It suggests that investors have been bracing themselves—holding off on new buying—because they were waiting to see how the market would react. When fear of the event passes, investor optimism can rebound quickly and spur further gains. Things don’t always work out that way, of course. However, either way, we still feel the best way for you to prosper is to hold top-quality stocks. Below we look at two high-quality companies, with added spinoff appeal. On April 30, 2018, Pentair spun off its electrical cabinet business as nVent Electric, and handed out shares in the new company to its existing shareholders. Since the spinoff, parent company Pentair has dropped about 5%…

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