Finding new growth stocks for the Growth Portfolio is slim pickens. The way I see the market now, the growth is found in only around ten stocks. The Growth Portfolio contained eighteen stocks at the end of March, less than the 20-25 stocks I prefer for this portfolio. For much of the decade of the 00s, I ran with around 50 stocks.
Considering that last paragraph, you would think only a few stocks are going higher, but this is not the case. Tons of stocks are at or around their 52-week highs but these stocks don’t deserve to be in the Growth Portfolio because they do not possess excellent profit growth (the stocks merely bounced back from lows).
Our portfolios continue to be led by tech stocks Priceline.com (PCLN), Apple (AAPL), and Baidu.com (BIDU) in addition to Express Scripts (ESRX) and Green Mountain Coffee (GMCR). ESRX &GMCR provide stability since the companies are in different sectors. I wish I could ad more stocks for greater stability but its slim pickens out here.
