Purchase Price and Date for Model: $162.92; 01/21/2022
Dividend: 0.55% or $0.88/share
Analyst (12 Month Price Target): $181.40 or about a 12% total return
Who is Apple: Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories globally. It also sells various related services.
Why do we own Apple: Apple is a technology company that continues to grow their revenue and earnings consistently year over year. They have a well-established brand and loyal customer base.
Purchase Price and Date for Model: $157.05; 01/21/2022
Analyst (12 Month Price Target): $194.24 or about a 24% total return
Who is Airbnb: Airbnb, Inc., together with its subsidiaries, operates a platform for stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences.
Why do we own Airbnb: While we are all slowly getting back to some sort of normalcy, we expect travel to continue to increase back to pre-pandemic levels.
Archer-Daniels-Midland Company (ADM)
Purchase Price and Date for Model: $68.77; 01/21/2022
Dividend: 2.16% or $1.48/share
Analyst (12 Month Price Target): $72.78 or about an 8% total return
Who is Archer-Daniels-Midland Company: Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally.
Why do we own Archer-Daniels-Midland Company: Archer-Daniels-Midland has a long history of price stability and low volatility, they consistently pay quarterly dividends which have historically increased on an annual basis.
Ally Financial (ALLY)
Purchase Price and Date for Model: $47.04; 01/21/2022
Dividend: 2.48% or $1.20/share
Analyst (12 Month Price Target): $63.33 or about a 37% total return
Who is Ally Financial: Ally Financial Inc., a bank holding company, provides various financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. Ally was formally GMAC Finance.
Why do we own Ally Financial: Ally Financial is very undervalued going into a rising interest rate environment. Banks and financial services tend to do very well as rates rise and their profit margins expand. This is one of several banks and financial services that we have added to our model.
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