Finding a stock bargain is getting tougher by the day. That said, here are a few stocks on my current watch list.
key - Name | Ticker | Ideal Buy Price | Reason?
Verizon | VZ | 44 | Will lock in a nice 5.35% yield on a solid telecom stock.
Cardinal Health | CAH | 54 | If the selling is overdone, this might be a great value play with potentially a nice upside.
CVS | CVS | 66 | At that price a 3% initial yield while we wait to see how the amazon story plays out.
Microsoft | MSFT | 77 | It is potentially a $100+ stock, even more valuable once they repatriate funds back.
General Mills | GS | 49 | At that price a 4% initial yield, it almost got there earlier in the month, but found resistance around the $50 mark.
Do you like any of these? Any others you think might be a good value right now ?
Let's hope we get some opportunities to buy in the coming weeks.
Monday, November 27, 2017
Friday, November 24, 2017
Jeff Bezos is now worth 12 figures - $100 billion
Wow, just thinking about it boggles my mind. Today after amazon stock gained another 2%, founder Jeff Bezos is apparently worth 100 billion dollars. Again that is $100,000,000,000. The only person in the world in the 4 comma club.
As amazon continues its march toward taking over every industry, jeff bezos continues to enjoy unprecedented success and continues to increase his net worth.
Bill Gates was the first person to reach this milestone briefly back in 1999. He has been giving aggressively to charity and still is no.2 on the list of richest people in the world. Can't help but wonder what he would be worth if all his charitable giving is added to his current net worth.
As amazon continues its march toward taking over every industry, jeff bezos continues to enjoy unprecedented success and continues to increase his net worth.
Bill Gates was the first person to reach this milestone briefly back in 1999. He has been giving aggressively to charity and still is no.2 on the list of richest people in the world. Can't help but wonder what he would be worth if all his charitable giving is added to his current net worth.
Tuesday, November 21, 2017
Latest Buy - GE and Qualcomm
What a great leveler the stock market is. This is a delayed buy update on two stock purchases i made over the last 3 months.
The market overall continues to be frothy, every time you think a correction is due - the market turns around and makes new highs. That is not to say that this won't change tomorrow or next week or next month, but to be honest i have been surprised at this bull run.
In September i purchased a small position in Qualcomm Inc. It has been going down while the whole market has been going in the opposite direction. Some of the reasons seem to be their never ending fight with Apple and their delayed acquisition of NXP. All these factors seemed to be temporary, but i was skeptical so i initialized a really small position at $50 a share for a nice yield on cost of about 4.56%. A few weeks ago, Broadcomm (AVGO) bid to buy out Qualcomm, and the share price shot up into the mid 60's and continues to be in that range. While i am happy about the price bump, i also regret not opening a larger position.
The market overall continues to be frothy, every time you think a correction is due - the market turns around and makes new highs. That is not to say that this won't change tomorrow or next week or next month, but to be honest i have been surprised at this bull run.
In September i purchased a small position in Qualcomm Inc. It has been going down while the whole market has been going in the opposite direction. Some of the reasons seem to be their never ending fight with Apple and their delayed acquisition of NXP. All these factors seemed to be temporary, but i was skeptical so i initialized a really small position at $50 a share for a nice yield on cost of about 4.56%. A few weeks ago, Broadcomm (AVGO) bid to buy out Qualcomm, and the share price shot up into the mid 60's and continues to be in that range. While i am happy about the price bump, i also regret not opening a larger position.
Monday, November 13, 2017
Latest Buy - AT&T
I added a few more shares of T to my existing position of over 100 shares. This should not come as a surprise, because most dividend growth investors have been thinking about AT&T for the last couple of weeks. A lot of factors, including the recent merger issues between T-Mobile and Sprint, and the very interesting DOJ investigation in the AT&T-TWC merger have pulled this stock down.
T has fallen almost 20% since the start of this year, while the broader S&P 500 index is up about 16%. Does it make sense, i don't know. Is AT&T suddenly less valuable than it was at the start of the year, i am sure it is not.
T has fallen almost 20% since the start of this year, while the broader S&P 500 index is up about 16%. Does it make sense, i don't know. Is AT&T suddenly less valuable than it was at the start of the year, i am sure it is not.
Friday, November 10, 2017
Latest Sell - Kinder Morgan
I sold out of my small position shares in Kinder Morgan (KMI). I purchased this in 2 batches, once back in September 2013 for $35.9 per share, and then again in September 2015 where i averaged down by paying $23.45 per share.
Sold out at $18.02 per share this week. A loss of about 44% on the entire batch. I did receive dividends all this while, which was about 11.6% of the invested amount, for an actual loss of about 33%. Ouch. It also reduces my yearly dividend income by about $26.
This does allow me to tax loss harvest and at least reduce the loss a bit more.
Sold out at $18.02 per share this week. A loss of about 44% on the entire batch. I did receive dividends all this while, which was about 11.6% of the invested amount, for an actual loss of about 33%. Ouch. It also reduces my yearly dividend income by about $26.
This does allow me to tax loss harvest and at least reduce the loss a bit more.
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