I find PSX and DINO interesting, thx. Will look into them.
I guess there’d be more drilling by the frackers if they had an idea what the outlook is, that would put a damper on US prices as well. Otherwise the recent glut in surplus wells is probably too fresh in the collective memory.
These all came up in my initial screen. I found none of them not investable for various reasons.
If anyone is interested in FASTgraphs on these (ideally indicate what metric you’re interested in, please give a hollor)
Thank you for the kind offer, I’m a subscriber.
Too Yummy to fail.
I wanted in on this IPO
https://www.nytimes.com/2026/07/27/business/cxmt-stock-price-ai.html
Today in Markets History
On this day in 1971, Wells Fargo launched the world’s first stock-index fund. One mutual-fund manager’s reaction: “If people start believing this random-walk garbage and switch to index funds, a lot of $80,000-a-year portfolio managers and analysts will be replaced by $16,000-a-year computer clerks. It just can’t happen.”
The completetely independent and rigorously rules
based investment committee of the GOOFY 100 made a couple of changes to the index:
(McDonald’s)! Even as MCD is overpriced it gives me a better yield than those MET and UNM slices sold.| Ticker | Date | Bought | Sold |
|---|---|---|---|
| J36.SI | 07/15/2026 | 100 | |
| LON:ULVR | 07/23/2026 | 35 | |
| AMS:AD | 07/23/2026 | 100 | |
| PII | 07/24/2026 | 20 | |
| OMC | 07/24/2026 | 20 | |
| NSA | 07/24/2026 | 1000 | |
| PSA | 07/24/2026 | 140 | |
| PEP | 07/20/2026 | 100 | |
| AMS:VPK | 07/27/2026 | 100 | |
| UNM | 07/28/2026 | 60 | |
| MCD | 07/28/2026 | 60 | |
| MET | 07/28/2026 | 110 |
Goofy rules with an iron fist 
!
I’ve basically just been continuing to DCA into SaaS companies over the last few weeks and watching the losses on SaaS obliterate my portfolio gains.
| Ticker | Yield | %MV |
|---|---|---|
| AMLP | 7.5% | 7.1% |
| BTI | 5.3% | 5.4% |
| CRM | 1.0% | 4.6% |
| VICI | 6.5% | 4.1% |
| PAYC | 0.9% | 3.8% |
| ADBE | 3.4% | |
| INTU | 1.5% | 3.2% |
| WDS | 4.9% | 3.1% |
| XLE | 2.6% | 3.0% |
| NOW | 3.0% | |
| Selected | 3.6% | 40.7% |
From zero SaaS at the start of the year to SaaS having 5 places in the Top 10 and about 25% of the portfolio! 
I’ve been buying some (e.g. Adobe, FactSet, Workday) into my son’s (growth) portfolio and they really jumped today 
– slightly offset today by 11% tanking Micron and Silicon Motion, though … 
Adios Metlife @Your_Full_Name.
At least you sold at all-time high. At my divi strategy the capt’n says they are still on buy. Bought a lot of it in 2020 at $38 - $27.
But today I have (again) sad news: had to sell my old friend Emerson Electric at $151.30. That company was with me since the beginning. Realized around 140% gain, but I hate to sell this kind of investment.
The only reason I had to get rid of it was valuation. And not even by much. But it is in the lower half of momentum. The rule they broke was EV/FCF <34. Last quarter was 37.45 and last full year 36.39. It is always hard having to sell because they miss only that little. But somewhere you have to put the limit. They create less than 3% of free cash flow with the enterprise value. Also the dividend is too low. Having such a low dividend yield however they buy back a lot of own shares. That pays out too much for the management options, I would prefer them to raise the dividend.
There are a lot of my holdings in this overvalued state, that is normal after such a long bull market. But all of them except EMR are in the better half of momentum. So EMR is too expensive and not rising? I understand the capt’n, sorry lady, next please!
Later I will comment on what I will buy with that cash. It is a lot, so my debt will go close to zero even after buying a new standard size position.
So … I am a little ashamed to admit it: FASTgraphs tells me MET is still undervalued and had I not heard of this AI data center story, I would keep adding to it.
And I kind of look down on trading based on some macro feelings … and the AI data center story is just that: a pure macro narrative.
So, um, yeah, I’m looking at the floor shuffling my feet trying to explain this trade, but at the end of the day, the strategy that works for me is the one that I can stick with. In this case I the completetely independent and rigorously rules based investment committee of the GOOFY 100 had to abandon FASTgraphs fundamentals because I believe these AI credits will bite MET and Unum some day down the road. Maybe months, maybe years, maybe never as the AI wager works or they’ll have offloaded that debt to someone else by then and it won’t be their problem. I just can’t mentally have it on my balance sheet.
Lots of Unum still to unwind, and I haven’t even started with Prudential that unfortunately are also involved with the Shitty Credit Story as well.
To get back to the selling at the all-time high: at least for index buying, this is usually the worst decision: all-time highs beget further all-time highs (until they don’t, of course), but statistically speaking, buying at all-time highs works.
Looks good to me for selling, at least partially.
And I did buy some Comcast for my dividend portfolio, don’t like cash laying around.
Nice, just after a gain of >6% today, there goes the first year’s dividend…
Not sure if my capt’n knows what he makes me doing. The company spends my money in Hollywood and I think a spin off is close, so I bought two companies? But cash flow seems OK and the mobile services take off. Otherwise just another member of the catch-a-falling-knife tribe.
I’m a Comcast bagholder, too. Welcome to the club! 
They’ve indeed announced the spin-off of NBCUniversal and Sky, but I expect this will take a while to complete. I’ll have to take a look at the spin-off once it completes (regarding dividends, etc), but I am a little biased to wanting to keep it as my neighbor works for Universal Pictures and I get a satisfactory feeling out of that … 
Came across American Tower again today. It’s been on my watchlist since about 2020 but it was always (too) expensive. Now it’s reached fair valuation. I’d prefer an additional margin of safety even if I am mainly interested in the (growing) dividend.
It’s got a nice little moat of being a telecom tower REIT (in an oligopoly with Crown Castle and SBA Communications). Crown Castle’s AFFO declined and they cut their dividend, so I don’t like them much. SBA Communications has also seen declining AFFO but has a low enough dividend payout ratio that it seems unlikely they’ll have to cut the dividend. Lots of debt, though.
Will do a bit more research but it already seems likely I’ll dip my feet into AMT at the expense of those AI data center exposed life insurers. AI data centers are not the real estate I want to own (or the debt financing them). AMT pays a nicer dividend, too, and diversifies me away from Financials which has become a large chunk of my portfolio.
Edit: Sold some PRU, bought some AMT and CHCT as well as AMCR for rotation out of PRU associated AI data center debt described above. Had to additionally sell some money (BND) to make ends meet. I hear distant 
from investors who dislike money like investments …
| Ticker | 07/29/2026 | Buy | Sell |
|---|---|---|---|
| CHCT | 07/29/2026 | 50 | |
| AMCR | 07/29/2026 | 50 | |
| AMT | 07/29/2026 | 100 | |
| PRU | 07/29/2026 | 145 | |
| BND | 07/29/2026 | 40 |
you mention selling to 5% when position reaches 6%, but i thought you had additional selling rules e.g. at 500%?
Management expects 12 to 18 months.
And now to something completely different:
I found this NZZ article (not paywalled) on the SaaSpocalypse and the recent rebound of the software stocks quite interesting. Thought provoking. And thus worth sharing.
In German:
Google translate:
I met Thierry in person a couple of years ago in their office. He is a really nice guy. But … I am afraid (almost) all the The Market is about is telling “thought provoking” stories? You know, as in … optimizing the number of clicks for NZZ and generating some publicity for the “outside” author.
<The Market Rant>
In reality, it’s mostly about authors marketing their own brand for many of their authors all while maximizing traffic to The Market. It’s just finance porn wrapped in pretty stockings? There’s the occasional famous author of an article that makes sense, say a Howard Marks translated note that is freely available in English anyways, but most of their content is not content that I would recommend outside of the entertainment category.
Just because Howard Marks’s note has been translated in The Market does not mean Howard Marks’ aura extends to the rest of their publication.
</The Market Rant>
Anyway, that’s my personal opinion, without wanting to take away from the article that you shared – except that Thierry is just what the article’s summary about him says: a co-founder and partner of the firm of the fund he champions (and takes commissions off), not an expert of what he’s talking about (not that being an “expert” in the subject matter would make things much better, unless it was Michael Burry writing or so).
Of course it’s self-marketing and, to a limited level, clickbait. The fact alone that he never fails to mention his company makes that clear enough. But if that’s not enough: there’s a reason why you, the reader/listener, are the product rather than what you’re consuming.
That just doesn’t mean everything he writes is trash.
Btw, are you aware of the reasons why Burry is long Fiserv? The management changes seem to strongly indicate very deep problems, possibly including financial shenaniganism.
I went from 0% SaaS to SaaS being 25% of my portfolio. I think the SaaSpocalypse fears are overdone and SaaS is a good opportunity.
Indeed, that would be your own personal conclusion. I never meant to say such a thing.
