2020 Penultimate Profit Prospect and our Alternative
On January 12, 2020, we published the Penultimate Profit Prospect (PPP) based on the work of Micheal O’Higgins book Beating The Dow. For 2020, Pfizer (PFE) was the stock that was supposed to fit the guidelines of the stock that should have been selected. Additionally, we provided the alternative to the PPP which was Nike Inc. (NKE).
For the year of 2020, we have charted the price change in the Dow Jones Industrial Average, Pfizer, and Nike.
As it can be seen, Nike Inc. ended the year with a gain of over +39% while Pfizer, working on the COVID vaccine but kicked out of the Dow Jones Industrial Average, falling near -1% for the entire year.
2021 Penultimate Profit Prospect and our Alternative
For the year 2021, we have identified Cisco Systems (CSCO) as the Penultimate Profit Prospect. Additionally, Apple Inc. (AAPL) is our alternative stock. Considering how much Apple seems over priced and over owned, we are very curious to see the performance outcome of this stock.