Not too many bargains in the stocks I follow now. Most of my stocks have had some good run ups. Cyclicals are one of the few sectors that are attractively valued. I have my eyes on CAT and if I can get it around 3% initial yield ($70), I will initiate a position. It closed today at $81.92. I would also love to initiate positions in V and MA but they keep going up and up.
Also waiting for a pullback on SDRL. Closed today at $37.54.
I will add larger buys at BBL under $50 and KMI under $30.
Patience....
Dow closed at 12,806 today and made the following buys:
- $200 of MCD at $91.50. Yield 3.06%
- $200 of EMR at $44.61. Yield 3.61%
Total purchase of $400 and added $13.29 to my annual dividend income.
No comments:
Post a Comment