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JNJ will be pressed to 9% of the portfolio because it's so defensive in this post BREXIT world. Earnings in the last quarter beat on the top and bottom line. JNJ is not a trading stock but a hold forever, it is now a strong buy as the healthcare sector is under pressure. Boeing is going to be pressed to 10% of the portfolio because of it being cash positive on 787 deferred plane costs at $251 Million in the fourth quarter a $64 Million increase from the third quarter. The fourth quarter earnings were good with Boeing beating the estimate by $0.14 at $2.47. S&P Capital IQ also raised its one year target to $191. BA is a long term buy and has a backlog of over 7 years. On 2/1 Altria earnings were $0.68 more than the expected of $0.67 and compared to last year at $0.67. Hold and only sell when MO becomes too large a percentage of the portfolio. Revenue was up by $70M and e-cig will have to be watched. Total revenue was $4.73 Billion flat Year over Year.
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