When It Rains...
This is a Post from the Symbol Surfing Blog from Thu, Jul 26, 2018.
So today was a little rough.
Two stocks I own got hit...hard.
Mohawk Industries and Synchrony Financial.
Mohawk missed earnings and dropped 17% to a new 52 week low.
Mohawk's (MHK) Q2 Earnings and Revenues Miss Expectations
Synchrony got dumped by Wal-Mart and dropped 10%.
This surprise announcement was released during the trading day.
So I was literally watching the stock drop in real time.
Walmart Taps Capital One for Store Cards, Dealing Blow to Synchrony
(Ironically, Capital One closed down 2%. Isn't that good news for Capital One?)
Welp, even though I am surprised and disappointed (and a little hungry), I decided not to sell.
I reviewed my posts that show why I bought each stock.
Based on that, I am considering buying more shares of each stock.
I hope I am not being overly optimistic, but I feel like both of these stocks will come back.
Of course, it will take some time.
What do you think about "When It Rains..."?
Let me know in the comments section!
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Thu, Jul 26, 2018 MHK @ $179.31
Thu, Jul 26, 2018 SYF @ $30.00
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