I’ll keep this short and not give any specific reasons why I bought these two companies today because when I bought them, the market was in an insanity dive down 1000+ points for the Dow and down 300+ points for the NASDAQ. I would have bought almost any good stock at that point and you can read about what happened to the market on 8/25/2015.
I got 100 shares of COST at $126.30 and 100 shares of CVS at $90.42.
Both Costco and CVS are big name companies with solid businesses and balance sheets. I feel they will do well in the long term and both have little to no business in China which is the major concern at this time for investors and why the market is crashing. It was a big, big sale this morning for about 10 minutes and I wan’t able to get a lot but I am thankful for at least being able to make these two purchases.