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.
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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.
A bull market is typified by a sustained increase in prices. In the case of equity markets, a bull market denotes a rise in the prices of companies' shares. In such times, investors often have faith that the uptrend will continue over the long term.
A bull market is the condition of a financial market in which prices are rising or are expected to rise. The term "bull market" is most often used to refer to the stock market but can be applied to anything that is traded, such as bonds, real estate, currencies, and commodities.
A bull market is a period of upward-trending prices. A new bull begins once prices rise at least 20% off the most recent market bottom. Generally speaking, optimism is high and investors and consumers feel confident, pushing company earnings and stock prices higher.
A bull, when it charges, thrusts its horns upwards in a powerful, upward motion. This imagery is analogous to the upward trajectory of stock prices in a bull market. In this scenario, Investors are optimistic about the future, and trading volumes are generally high as people buy stocks in anticipation of further gains.
noun. , Stock Exchange. a financial market characterized by investment prices that are rising or that are forecast to rise. Compare bear market ( def ).
A bull market occurs when securities are on the rise, while a bear market occurs when securities fall for a sustained period of time. It's important to understand the differences between bull and bear markets and how they impact your investment decisions.
A bull market is when stock prices are on the rise and economically sound, while a bear market is when prices are in decline. The origin of these expressions is unclear, but one reason could be that bulls attack by bringing their horns upward, while bears attack by swiping their paws downward.
A bull market is a period of time during which the stock market—typically represented by the S&P 500 index—gains 20% or more from its last long-term low point.
We've been overweight equities since December 2022 and remain there today, as we expect to see stocks move to new highs this summer and the bull market to continue. Here are seven reasons we think the bull market is alive and well.
Is a bull market good or bad? A bull market is generally a good thing because it can indicate economic growth and optimism among business and consumers.
A bull market is a period of time in the stock market when prices steadily increase and there is widespread optimism among investors. It is characterized by a positive economic outlook, rising wages, and increased participation in the market.
A bull market (aka a bull run) is a long, extended period in the market when overall stock prices are on the rise. "Bull markets happen when the economy is strengthening, and stock prices are rising," says Teresa J.W. Bailey, CFP and senior wealth strategist at Waddell & Associates.
A bull market is a kind of condition of a market where the prices keep rising or are anticipated to rise continually. During this time, investors generate high expectations regarding the stock market performance and pool their money readily into this sector.
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