Emerson announced quarterly earnings today, here is a summary:
Nothing negative here, but the stock is down today. Here is a snapshot via FastGRAPHs:
A bit overpriced today, but has dropped from $70 recently, and I trimmed the holding back last full, so the IRA has a full position in EMR at present. If the stock starts rising again in the coming months, I will likely sell additional shares and redeploy into holdings with a better valuation. Here is a look at PE over time, a good indicator of over/under valuation:
As this graphic shows, a PE at or above 20 tends to be dangerous and likely to correct.
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