10-16-2020, 01:59 PM
(10-16-2020, 09:39 AM)fenders53 Wrote: Thanks Eric,I like your picks other then WEC. I just think that entire sector has run up way to fast and nothing to justify the moves. To me all the utilities way over valued. I hold many but wont put any new money into that sector unless they get back to normal valuations.
Repeating myself here but I think I am going to jump in on a couple stocks now, and try to take my time adding new ones since many of my favorites are really stretching. It will be fun to research and add a new stock now and then. It will be OK if I reverse course and change a pick in a few months. I trade my big port too much, and this will be nice because I won't be tempted to flip three shares than ran up lol.
I am going to throw out my picks and it won't hurt my feelings at all if you guys object, especially if I start chasing a debt problem. I think I should grab a few stocks that are undervalued currently. I really want to own some of the previously discussed stocks but I don't want to chase them in this environment. So here is the starting point. I am flipping a few shares from my main port starting last night. I had small positions anyway.
CAT- Local company, hate that it is cyclical but it's not crazy overvalued. I already made money flipping it earlier this year so "buying" a little high in this port I can deal with.
CVS-Still very undervalued IMO. I trust they will find some momentum and the non-growing Div is fine for now. I will be done with retail for now after I add DG. CVS is more than retail of course.
WEC-This will be my growthy UTE. Overvalued IMO but it seemingly always has been. Already own a few shares in my big port I will "transfer".
Maybe I will get lucky and get a 2% average DIV in this port. There will definitely be a few non div stocks in the mix.
I'll add a few more soon. GD is likely. I think it may stay down long enough to accrue a position.
CAT is breaking out to the upside and is cheap compared to everything else. I see $180
CVS has just been hanging. It's been out of favor forever. But if WBA can beat earnings, then that's a positive for CVS
GD is dead. I would much rather own HII. I have been buying in that $139-142 range. For one thing, at just 0.64 times trailing sales, Huntington Ingalls stock now trades for about a one-third discount to the average, historical market valuation of major defense contractors. The company churns out about $1.42 in actual free cash flow -- meaning the stock's price-to-free cash flow ratio is only 7.6.
That's my gift to you today
