What Did You Buy Today?

[fenders53]

(12-12-2018, 03:18 PM)Otter Wrote:

(12-12-2018, 03:09 PM)fenders53 Wrote:

(12-12-2018, 03:00 PM)Otter Wrote:

(12-12-2018, 02:32 PM)divmenow Wrote: So your falling for that AMZN news as well are you lol. UPS is just fine. Its been a buy every time its reached these levels.  Just think back when all those auto part companies hit new lows because god for bid Amazon was going to get into the auto parts business. Well all those companies have since hit new highs. This is another of those over reaction times. I'm making  conversation too LOL

P/E has only dipped this low twice in 20 years, it's 25% off of its highs, 3.5% yield is well-covered, and growing at a respectable 7% annually over the past decade. My cost basis is $107.84. It may drop farther, but I'm okay with averaging down at the current price.

Edited to add - I will back up the proverbial dump-truck if it falls into the low 90s.

Put some fuel in the truck now so you aren't late when it happens. 

I'll be ecstatic if your prediction comes true. My only regret about 2009 is that I didn't have a ton of money to sink into the market during the once-in-a-generation fire sale on stocks. As it stands now, I've been very happy to see some Consumer Staples stalwarts like MO/PM get really cheap at times during this year. Sure wouldn't mind a little market irrationality to the downside hitting some more on my Dividend Champion add/buy list (AWR, EMR, MMM, KO, JNJ, VFC, ED, and many more!).

Me too because I was about 90% invested when it happened.  Fortunately I was at the peak of my earning years and kept investing, and it worked out.  I am semi-retired at age 56.  But it would have been a game changer if I'd had even $100K in loose change to enter 8 or 10 positions remotely close to near the bottom.  It's all hindsight though, the ten year bull was not guaranteed.  It could have taken 10 years to just get a little above even.  Bear markets are fine but lets not wish for 2008.  That could have been more LT  devastating than it turned out to be.

[fenders53]

On a more serious note. UPS busted through a 7 year uptrend line the past few days. Personally I would NEVER long-term invest based on technical analysis because it is witchcraft, but the Algos key in on that stuff and they can take a stock lower than fundamentals would ever justify. Pure self fulfilling prophesy when the sheep follow it off the cliff and I pay some attention to it for slightly better entry points when I can.

[Otter]

Given my general aversion to trading, technical analysis, Elliott Wave Theory, and similar voodoo practices get grouped by me in the same class as tarot and tea leaves. I will sometimes flip a coin or use a random number generator when I can't select between two or more stocks that fit purchase criteria.

If it passes the purchase screening criteria, that's all I care about. Once I've bought it, I don't ever want to sell. Sometimes stocks drop by double-digit percentages even after passing the screening criteria (hello BTI, CAH, T, and others), making me regret that I didn't capture more yield. Long term most quality dividend payers will go up and to the right with the rest of the market, creating paper gains for which I hope never to pay taxes. Just send me the quarterly payments that get bigger every year and capped at a 20% tax rate.

[Phidius]

(12-10-2018, 10:00 AM)divmenow Wrote: FDX and UPS are at the top of my buy list. Hoping to buy some in the next few days!

Do you like logistics for a particular reason? I was looking at freight companies, they're being killed this quarter, looking at Swift or US Xpress to buy long.

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[fenders53]

I like logistics mid and long-term because online retail is still only about 10% of total. That will continue to grow. I see no other outcome. Entire Dow Transport index getting beaten up like they will all miss earnings. The market is "lazy" in the short-term and just throws the entire sector to the curb during a rotation. Meanwhile utilities that can't get out of their own way rise 3-4 days per week along with the good ones.

[Otter]

Added UPS and ENB this morning. Enjoying news of T's 2% dividend raise.

[stockguru]

Added to JNJ down $9 and took a new position in GIS

[Otter]

I love JNJ - one of my favorite and most reliable holdings. Am interested in adding more if it drops back down to around $128. Any time JNJ's yield creeps to near 3% flashes a strong buy signal for me.

Also hold a small position in GIS, but not looking to add more. They hugely overpaid (and added tons of debt) for the Blue Buffalo acquisition, and their BBB credit rating reflects it. Dividend frozen at $0.49 quarterly for 7 quarters now, and the payout ratio is over 72%. They will have to execute flawlessly in a very competitive space just to sustain the current dividend.

[fenders53]

JNJ back on my watch list for shares. Very low 130's would be nice but we'll see. It's a beloved stock by many but pushing $150 was getting too far ahead of earnings. Amazingly resilient share price considering this skittish market.

EDIT: Guess I should have read the JNJ news first. This will bring out some expensive lawsuits if there is any truth to the allegations.

[navyasw02]

How does this news differ from the previous verdict in the case?

(12-14-2018, 11:42 AM)fenders53 Wrote: JNJ back on my watch list for shares. Very low 130's would be nice but we'll see. It's a beloved stock by many but pushing $150 was getting too far ahead of earnings. Amazingly resilient share price considering this skittish market.

EDIT: Guess I should have read the JNJ news first. This will bring out some expensive lawsuits if there is any truth to the allegations.

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[stockguru]

Added to PM, MO, ETN and TGT

[Binary]

(12-18-2018, 02:33 PM)stockguru Wrote: Added to PM, MO, ETN and TGT

What is with PM today?