The above prediction will be posted tonight. On our trading portfolio we will continue to hold three shares- caterpillar, Walmart and Alcoa corp.
However for long term investment and growth of portfolio we will add Wells Fargo bank at some time- a conservatively well managed bank which according to many is an unsinkable brand among banks -which may dip briefly in times of strong correction but its value is known to true investors like Warren Buffett hence will come up stronger in the years ahead.
Other share for long term which we recommend but will not add ( due to largely trading portfolio) i s United technology. Its strong share in aerospace related engineering products makes it safe and value stock given US emphasis on outer space exploration, contracts that may go to domestic companies and nature of space programme which can stand the tests of recces ion which other domestic demand driven companies may not have such advantage. Its portfolio of Prat and whitney engines could also be buffer can against recession unless such times are unusually long because of long gestation nature of large aircraft production( and monopolistic contracts). Other portfolio of elevators etc could provide boost in good times. Overall a good long term investment
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