What Did You Buy Today?

[stockguru]

Took a few new position in NUE and VMC

Watching FCX and CLF to add today

[fenders53]

Real good income day. Sold multiple new puts in VSTO and RUN as the old ones expire this week. Solar getting beat up so probably nibble a few shares in some of them. I was a day early on FCX. Maybe sell another put.

[NilesMike]

Market has had quite a long runup. Tonight I checked all 22 DGI holdings that I have against their 5 year average dividend yield. Only one, VGR, was below the 5 year average.

I use yield ranges as indicators of when to buy. I like to buy when yield is at the high end of their historic range.

This indicates to me that we are not really near a top at all.

[fenders53]

[quote pid='26773' dateline='1623813343']
Market has had quite a long runup. Tonight I checked all 22 DGI holdings that I have against their 5 year average dividend yield. Only one, VGR, was below the 5 year average.

I use yield ranges as indicators of when to buy. I like to buy when yield is at the high end of their historic range.

This indicates to me that we are not really near a top at all.
[/quote]

I think that's a decent strategy for acquiring new shares of DGI stocks.  I am definitely more selective than I was in say 2018 as PE's have risen some.  It was/is getting to be a little much on some of the highly cyclical DGI stocks that have spiked.  Not much margin of safety, or none at all.

[divmenow]

Get those buys in when we go down 500 plus after 2:30 meeting today ?

[fenders53]

LOL. He has to calculate every word that comes out of his mouth. Pretty much like Elon Musk though. If he scares the market he can just fix his comment tomorrow.

[ken-do-nim]

Oracle is on sale this morning for those interested.

[stockguru]

Added some HD and SHW

What's with all the pant shortage. The SHW stores in my area are temp closed because they have no inventory on paint. Same issue at HD lol

[Otter]

Best article regarding Bitcoin I've ever read, by one of my favorite SA authors, who knows and communicates macro/monetary stuff better than anyone I've read:

https://seekingalpha.com/article/4434857...re-popular

[divmenow]

New position in LYB

Fits my theme. Nice 4% dividend and PE under 20

[ken-do-nim]

(02-25-2021, 10:25 AM)fenders53 Wrote:

(02-25-2021, 10:00 AM)divmenow Wrote: Bought some LDOS. Between the earnings miss and short report I haven’t seen it this low in a while. So I said why not lol. You in on this one too Fenders ?

I haven't researched it.  Hadn't heard of it until you and Otter were discussing it last week.  I am trying to not add too many more new names.  We'll see how long that lasts. 

What I need is for tech to get hammered for real again, but this market is resilient.

Very small trades this morning.  Added a few shares to DG-ARKF  Sold a few SLV puts.

(06-16-2021, 10:29 AM)divmenow Wrote: New position in LYB

Fits my theme. Nice 4% dividend and PE under 20

Go for it!  Otter scared me out of it 

[Otter]

(06-16-2021, 10:29 AM)brought divmenow Wrote: New position in LYB

Fits my theme. Nice 4% dividend and PE under 20

LYB is in a strange spot right now, enjoying the increased pricing for its olefin/polyolefin products that make up more than half its revenues (brought on by global re-opening and supply chain disruptions), but is also pressured by the rapidly increasing costs of its input (crude oil), and may be facing long term pressure for its major revenue source, as many governments around the world seek to reduce the amount of plastic packaging/pollution. 

Its average P/E ratio over 10 years is 9.85. So on a TTM basis it is 56% above its average P/E, and using FAST Graphs' blended P/E of 11 (incorporates future earnings estimates), it is 11.6% above its average P/E.

Prior to listing under its current ticker and raising its dividend for 11 consecutive years, Lyondell declared bankruptcy and wiped out all of its shareholders. It operates in an extremely low-margin business that can easily be disrupted by spikes in the price of crude, competitive pressure from foreign entities not subject to equivalent environmental/workplace regulations, and any substantial change to demand for its products. Bought some shares in the $60-70 range last year, and sold a bit over $100 a few months back. IME, companies like this always seem to crater right after releasing glowing quarterly reports about record profits and profit expectations (got burned by AA and FCX this way years back). Commodities and basic materials are rough.