Dividend Growth Forum
What Did You Buy Today? - Printable Version

+- Dividend Growth Forum (http://DividendGrowthForum.com)
+-- Forum: Dividend Growth Investing (http://DividendGrowthForum.com/forumdisplay.php?fid=15)
+--- Forum: Dividend Growth Investing (http://DividendGrowthForum.com/forumdisplay.php?fid=33)
+--- Thread: What Did You Buy Today? (/showthread.php?tid=699)

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767

RE: What Did You Buy Today? - kblake - 04-29-2020

added some PEP and a little more UPS

RE: What Did You Buy Today? - fenders53 - 04-29-2020

(04-29-2020, 08:42 AM)kblake Wrote:
(04-29-2020, 08:39 AM)fenders53 Wrote:
(04-29-2020, 08:32 AM)divmenow Wrote:
(04-29-2020, 08:29 AM)Binary Wrote:
(04-29-2020, 08:14 AM)fenders53 Wrote: Add a few more million unemployed to that tomorrow and we should be set.   Big Grin

It would be great if GILD figures it out.  Did Doctor Trump say if Remdesivir works better with bleach or Lysol?  Smile

OK, I'll stop now.

And don't forget the GDP data, bad news is good news now!
Did I just say that  Big Grin . I hate to see when we get good news. May we go down 600 points lol

Next quarters numbers will be stunningly bad.  That's a long time for the talking heads to talk the market up and down.
But bad news and means they will go up .. No?? Lol

NOC is down $22 I think I will buy some while its down today  Big Grin

I wish I bought some of those names you listed. Wow they have really come back guys.
And the bounce makes sense for some, but there are so many more where the story has not improved a bit and won't, yet they run anyway.  Some of boring stuff with no near-term hope has really been on a tear this week.  Yield chasers I suppose, or just running out of things to buy?

RE: What Did You Buy Today? - Otter - 04-29-2020

Cumulatively, all the new stuff I've added has run up 8.2% in roughly a week. This market is drunk.

Would be nice to see another pullback to add some yield on things that ran real fast, but who knows. Only options I'm still sitting on are December GLD 150 Puts. Should be profitable if GLD dips back under 156 in the coming weeks, in which case I will sell and redeploy those funds into equities. It seems to me that gold is at a near-term peak. If the market continues to run, FOMO should drive it down in favor of equities. If the market makes a plunge, gold usually takes an initial hit as it is sold to raise cash. With GDP down 5% on an annualized basis and 20%+ unemployment, don't really see inflation driving its price in the near-term.

RE: What Did You Buy Today? - kblake - 04-29-2020

I just bought WMT. Its a reliable stock and one that will do well in any economy. Its down $4 today on rotation but I think this is a $150 stock by years end. COST also on my buy list.

RE: What Did You Buy Today? - Otter - 04-29-2020

(04-29-2020, 09:18 AM)kblake Wrote: I just bought WMT. Its a reliable stock and one that will do well in any economy. Its down $4 today on rotation but I think this is a $150 stock by years end. COST also on my buy list.

Great company, but I don't see the value there. Trading at a decadal premium P/E of over 25, which is well above its 10yr average of 17.34. A reversion to mean over the next year would drop the price to ~$89/share. Earnings growth rate of only 1.58% over the past decade doesn't seem to justify the P/E premium. It's trading like a FAANG stock without the earnings growth to back it up, and with a total enterprise value of nearly half a trillion, the law of large numbers puts a cap on growth prospects.

[Image: qQ09y6A.png]

Like AMZN, not a company I would ever short, but can't see buying in at these valuations. 


RE: What Did You Buy Today? - fenders53 - 04-29-2020

(04-29-2020, 08:40 AM)Binary Wrote:
(04-29-2020, 08:32 AM)divmenow Wrote:
(04-29-2020, 08:29 AM)Binary Wrote:
(04-29-2020, 08:14 AM)fenders53 Wrote:
(04-29-2020, 07:33 AM)divmenow Wrote: Thank you GILD. Market to new highs soon. Don’t be left behind lol.

Look at BA run after those wonderfully earnings lol

Remember bad news is good news now ?

Add a few more million unemployed to that tomorrow and we should be set.   Big Grin

It would be great if GILD figures it out.  Did Doctor Trump say if Remdesivir works better with bleach or Lysol?  Smile

OK, I'll stop now.

And don't forget the GDP data, bad news is good news now!
Did I just say that  Big Grin . I hate to see when we get good news. May we go down 600 points lol

Seriously, at a certain point I would expect a drop. The marked went low in March pricing in a disaster and a recession. It is here, and we are up a lot since then. Was that drop an overreaction or we are just climbing high so we can fall more?
For some companies it was an over-reaction.  I do consider a lot of companies at fair value now.  Many more are once again over-valued given the economic reality.  The actual screaming deals are rare IMO.  Sure we'll get a nice drop eventually, but from what index valuation?  I'll keep trimming the over-valued stocks, and adding only when I see good value.  The indexes scare me much more than individual stocks that are priced correctly.  2/3rds of the SPY companies have to be damaged goods for some time to come.  Nobody seems to care.  The near monopolies seem just fine for now.  They hold the indexes up.  Just my two cents.

RE: What Did You Buy Today? - fenders53 - 04-29-2020

(04-29-2020, 09:28 AM)Otter Wrote:
(04-29-2020, 09:18 AM)kblake Wrote: I just bought WMT. Its a reliable stock and one that will do well in any economy. Its down $4 today on rotation but I think this is a $150 stock by years end. COST also on my buy list.

Great company, but I don't see the value there. Trading at a decadal premium P/E of over 25, which is well above its 10yr average of 17.34. A reversion to mean over the next year would drop the price to ~$89/share. Earnings growth rate of only 1.58% over the past decade doesn't seem to justify the P/E premium. It's trading like a FAANG stock without the earnings growth to back it up, and with a total enterprise value of nearly half a trillion, the law of large numbers puts a cap on growth prospects.

[Image: qQ09y6A.png]

Like AMZN, not a company I would ever short, but can't see buying in at these valuations. 
Money will rotate out of WMT and some of the over-hyped consumer non-durables when virus hoard frenzy ends.

RE: What Did You Buy Today? - Otter - 04-29-2020

(04-29-2020, 09:29 AM)fenders53 Wrote:
(04-29-2020, 08:40 AM)Binary Wrote:
(04-29-2020, 08:32 AM)divmenow Wrote:
(04-29-2020, 08:29 AM)Binary Wrote:
(04-29-2020, 08:14 AM)fenders53 Wrote: Add a few more million unemployed to that tomorrow and we should be set.   Big Grin

It would be great if GILD figures it out.  Did Doctor Trump say if Remdesivir works better with bleach or Lysol?  Smile

OK, I'll stop now.

And don't forget the GDP data, bad news is good news now!
Did I just say that  Big Grin . I hate to see when we get good news. May we go down 600 points lol

Seriously, at a certain point I would expect a drop. The marked went low in March pricing in a disaster and a recession. It is here, and we are up a lot since then. Was that drop an overreaction or we are just climbing high so we can fall more?
For some companies it was an over-reaction.  I do consider a lot of companies at fair value now.  Many more are once again over-valued given the economic reality.  The actual screaming deals are rare IMO.  Sure we'll get a nice drop eventually, but from what index valuation?  I'll keep trimming the over-valued stocks, and adding only when I see good value.  The indexes scare me much more than individual stocks that are priced correctly.  2/3rds of the SPY companies have to be damaged goods for some time to come.  Nobody seems to care.  The near monopolies seem just fine for now.  They hold the indexes up.  Just my two cents.

Yes, the collective market caps of Facebook, Apple, Amazon, Microsoft, and Google are worth the same as the bottom half of the S&P 500. Big chunks of the S&P 500 are still down 30% or more from the highs, but you wouldn't know it from just looking at the cap-weighted index.

RE: What Did You Buy Today? - Otter - 04-29-2020

Finished up reallocating my 401k. Equal split (20% each) between a small cap growth index, small cap value index, energy fund, real estate fund, and Euro/Pacific fund.

RE: What Did You Buy Today? - kblake - 04-29-2020

(04-29-2020, 09:32 AM)fenders53 Wrote:
(04-29-2020, 09:28 AM)Otter Wrote:
(04-29-2020, 09:18 AM)kblake Wrote: I just bought WMT. Its a reliable stock and one that will do well in any economy. Its down $4 today on rotation but I think this is a $150 stock by years end. COST also on my buy list.

Great company, but I don't see the value there. Trading at a decadal premium P/E of over 25, which is well above its 10yr average of 17.34. A reversion to mean over the next year would drop the price to ~$89/share. Earnings growth rate of only 1.58% over the past decade doesn't seem to justify the P/E premium. It's trading like a FAANG stock without the earnings growth to back it up, and with a total enterprise value of nearly half a trillion, the law of large numbers puts a cap on growth prospects.

[Image: qQ09y6A.png]

Like AMZN, not a company I would ever short, but can't see buying in at these valuations. 
Money will rotate out of WMT and some of the over-hyped consumer non-durables when virus hoard frenzy ends.

I disagree. WMT deserves a higher multiple. I don't care about graphs or history. You can throw that all out. Stocks go up over the long term on fundamentals. And WMT is killing it especially on line. They are the 1 company that can compete with AMZN. Forward PE is only 16 which is cheap. There sales are the best they have been over the last 5 years.

RE: What Did You Buy Today? - fenders53 - 04-29-2020

(04-29-2020, 09:42 AM)Otter Wrote: Finished up reallocating my 401k. Equal split (20% each) between a small cap growth index, small cap value index, energy fund, real estate fund, and Euro/Pacific fund.

Apparently as good a time as any.   Smile 

I am glad I invested so aggressively on the way down because I still have some companies that are very beat up.  It's  definitely helping the recovery the past few weeks.  And yes the market is drunk.  Nobody will convince me the rest of the year won't be choppy.

RE: What Did You Buy Today? - desidividend - 04-29-2020

Been adding UPS,GD ,RY,BMO