The S&P 500 and NASDAQ futures are trading down over 1% on Tuesday, following Palantir's 6.9% decline despite beating earnings expectations and giving strong forward guidance.
It's been a lackluster year for Amazon NASDAQ: AMZN and Apple NASDAQ: AAPL. While both outperformed the S&P 500 over the past 12 months, their returns fell short of investor expectations in a bull market supercharged by artificial intelligence enthusiasm.
For the first nine full months of the year, the U.S. market is up by 15%, including dividends. September was a juicy month with several dividend payments. I also added more shares of CCL and SJ:CA to boost the payouts. Going forward, I have two positions to increase: Dollarama and Broadcom. I will make trades when I reach $1,000 in cash (currently at $405).
The London Company Income Equity portfolio increased 6.0% gross (5.8% net) during the quarter vs. a 5.3% increase in the Russell 1000 Value. Corning Inc. continues to outperform expectations, led by strong demand in its Optical Communications segment, particularly its GenAI-related products. Nintendo Co. was a bottom performer this quarter due to volatility at the beginning of the console cycle...
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