Andrew Button is a freelance financial writer with extensive experience writing about stocks, real estate and managed products. His portfolio consists mainly of blue chip dividend paying stocks and index funds. He has completed the Canadian Securities Course and passed the CFA Level 1 exam.
Follow Andrew on Twitter: twitter.com/AJButton2
Latest posts by Andrew Button (see all)
Married? Have Kids? Grab These 5 CRA Tax Breaks - March 30, 2024
5 Artificial Intelligence (AI) Stocks That Could Be Millionaire Makers - March 29, 2024
Cutting This 1 Expense Could Save You Thousands in Retirement - March 29, 2024
Recently, the S&P 500 officially entered a new bull market. At its peak level of 4,425 points, it was up more than 20% from the lows, which is the definition of a bull market. In fact, some particular sectors, like big tech, were up more than 30% from the lows. It has been an incredible run to watch. In this article, I will explore some stocks I bought before and during the latest bull market.
Banks
I was buying bank stocks pretty heavily during this year’s bull market. When prices were rising, banks were one of the only sectors not getting too expensive, so I went ahead and bought some.
The Toronto-Dominion Bank (TSX:TD) is one bank stock I bought on a dip during the Spring banking crisis. In March and April, several U.S. banks failed because they didn’t keep enough liquidity on their books to pay their depositors who rushed to withdraw their funds. Big Canadian banks fell right along with the struggling U.S. regional banks, even though the liquidity situation at TD and other Canadian banks was fine. TD’s Q2 earnings, released after the banking crisis got underway, confirmed that the liquidity situation was quite good. So, I figured that the TD Bank sell-off was overdone, and bought some more of it.
Another bank I bought was Bank of America. That’s a U.S. bank that, like TD, is known for excellent liquidity and risk management. Its earnings grew about 15% in its most recent quarter. Next month, we’ll see if it was able to keep the growth going in Q2.
Semiconductors
Another category of stock I bought early in the 2023 bull market was semiconductors. Specifically, Taiwan Semiconductor Manufacturing (NYSE:TSM). Taiwan Semiconductor Manufacturing is a beaten-down semiconductor name. The company manufactures 59% of the world’s computer chips. Unlike many semiconductor companies, which saw their earnings fall precipitously last quarter, TSM’s earnings were about flat in its home currency (down slightly in U.S. dollars). Overall, Taiwan Semiconductor performed better than any other semiconductor company last quarter. If artificial intelligence (AI) chips end up being as big a deal as people think they’ll be, then TSM will put out another good quarter for Q2.
Big tech
Last but not least, I bought some big tech during the recent bull market. Specifically, Apple (NASDAQ:AAPL). Apple stock is expensive now, but it was pretty cheap when I bought it at $130 near the bottom during the tech stock crash. I bought more of it at slightly higher prices this year. Apple has a great competitive position. The iPhone maker has the world’s strongest brand according to several market research companies, and an integrated ‘ecosystem’ that encourages customers to buy multiple products instead of one. It all adds up to a lean, mean cash machine that has rewarded investors handsomely over the years.
Recently, Apple released the Vision Pro, a brand new VR headset. The company’s first new product category in years has the potential to change the game in virtual reality (VR). If it does, then Apple shareholders should be rewarded.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Fool contributor Andrew Button has positions in Apple, Bank of America, Taiwan Semiconductor Manufacturing, and Toronto-Dominion Bank. The Motley Fool recommends Apple, Bank of America, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
$BlackBerry(BB.US)$Classic quotes from Sir John Templeton: “A bull market begins when pessimism prevails; a bull market begins when skepticism is pervasive; a bull market matures when optimism prevails; a bull market ends when everyone is intoxicated.”
A "bull market" is a term denoting a period of price increases, while a "bear market" denotes a period of declines. When the average peaks and troughs went up consistently, he deemed it a bull market condition; if averages dropped, it was a bear market.
The current bull market started in October 2022, which means it is now just less than 19 months old. If it ended now, it would be the shortest bull market ever. Most bull markets last much longer. The last 12 bull markets have averaged more than five years.
As long as the risk is unregulated, it seems to be a bull market for Bitcoin. Now the bull market has given rise to expensive babysitters who keep high-powered adults out of trouble. We can always go back to worrying; we are still in a bull market for fear.
It's commonly believed that the use of bull and bear to describe markets comes from the way the two animals attack their opponents. A bull thrusts its horns up into the air, while a bear swipes its paws downward. These actions signify the movement of a market. If the trend is up, it's a bull market.
Stock prices are rising in a bull market and declining in a bear market. The stock market under bullish conditions is consistently gaining value, even with some brief market corrections. The stock market under bearish conditions is losing value or holding steady at depressed prices.
A bull market is commonly defined as a period of time when major stock market indexes are generally rising, with market indexes eventually reaching new highs. (Reminder: A stock market index is a collection of stocks that are tracked over time to gauge their overall performance.
How long the average bull market lasts. As much as investors would like the answer to this question to be "forever," bull markets tend to run for just under four years. The average bull market duration, since 1932, is 3.8 years, according to market research firm InvesTech Research.
The current bull market is up more than 40%, which might feel like a lot, but looking at the four bull markets since 1990 shows they all at least doubled. The bottom line is history tells us to be open to a much longer bull market and potentially large gains along the way.
A bull market is a market that is on the rise and where the economy is sound. A bear market exists in an economy that is receding, where most stocks are declining in value.
As an example, consider the 2009-2020 bull market, which was the longest in stock market history. After plunging as a result of the 2008 financial crisis, the S&P 500 bottomed out in March 2009 and then proceeded to climb until early 2020 when the COVID-19 pandemic sent stocks crashing.
The U.S. Securities and Exchange Commission defines a bull market as "a time when stock prices are rising and market sentiment is optimistic." More specifically, the SEC says a bull market tends to be marked by "a rise of 20% or more in a broad market index over at least a two-month period.
a male cow, or the male of particular animals such as the elephant or the whale: They did not see the sign by the gate saying "Beware of the bull." Oliver Strewe/Lonely Planet Images/GettyImages. Fewer examples. The bull lowered its horns and charged.
A bull market is commonly defined as a period of time when major stock market indexes are generally rising, with market indexes eventually reaching new highs. (Reminder: A stock market index is a collection of stocks that are tracked over time to gauge their overall performance.
Alfred Pennyworth : How do you know your team's strong enough? If you can't bring down the charging bull, then don't wave the red cape at it. Alfred Pennyworth : How do you know your team's strong enough? If you can't bring down the charging bull, then don't wave the red cape at it.
Address: Suite 927 930 Kilback Radial, Candidaville, TN 87795
Phone: +8561498978366
Job: Legacy Manufacturing Specialist
Hobby: Singing, Mountain biking, Water sports, Water sports, Taxidermy, Polo, Pet
Introduction: My name is Ouida Strosin DO, I am a precious, combative, spotless, modern, spotless, beautiful, precious person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
