Investment "Logic"

On Monday, I closed out my position on Raytheon at a price of $169.50 as I mentioned looking to do in my earnings recap, here.  This close out may have been a bit premature, given the stock is another $6 higher than my sell point, but there was no way knowing that and I wanted to close out the position quickly to avoid any further losses, given the truly sad outlook the company provided for 2019.  In an effort to put money back to work that I have collected from my sales, I have purchased a 25% position in BP PLC, an oil stock yielding over 6% at the time of purchase.  I've been wanting to buy this stock for a little while now, but with earnings so close, I decided it best to wait, plus I wanted to get rid of something before I added more.  As a result, BP posted impressive numbers on Tuesday morning and the stock took off.  My purchase price was $42.75 and while I'd like to get the stock priced more at $40, I'm not sure that will be possible any more with...

On Thursday, Raytheon reported their fourth quarter 2018 earnings results.  While I am spending some time looking into this overall, this recap will not be as exhaustive as most of my efforts because I'm in progress of liquidating my holding.  This stock is currently less than 3% of my overall portfolio and is generally a non-factor - especially since I am looking to it for additional funds.  The results were somewhat mixed, as revenues missed expectations of $7.45B by $9M, coming in at $7.36B.  Earnings, on the other hand, were able to beat expectations of $2.89 by coming in at $2.93.  These results and the general explanations that go with them probably would've been given a pass, considering how hard the stock was sold off into the end of the year and what the stock was priced at a quarter ago.  However, the guidance provided really put a damper on the stock as they failed to significantly miss already subdued expectations. Worries coming into the ...