What I Am Buying Today.

[MrFortune]

(07-13-2022, 11:31 AM)divmenow Wrote:

(07-13-2022, 09:01 AM)Marknew Wrote: Added NKE, TROW, SWK, JNJ, APD and SCHD

I may be a little early on NKE but we haven't see a pe under 25 in 5 years.

I like your buys. All great long term holds. 

Cash is king but I would be putting some of that cash to work now.

TGT is one I'm slowly adding to the past few days. NKE and TROW as well

Sure the consumer may be tapped out and were headed into a recession. But the truth is were already in a recession lol. Some great quality stocks are on sale. And we as dividend investors look for great entry points. A year ago I could barley find a stock I wanted to buy on sale. Well now you have plenty of options   

Looks like OIL may be headed lower. The best may be behind them now. Wall St look forward 6 months and these companies may have seen there highs. But who knows. It's a crapshoot and too volatile right now to know which way its headed.

I agree on Oil. I think that sector has been over played now. Once they start selling it, it's a free fall. You have to buy when its at or near a low. The time to buy was 2 years ago when it was at a bottom. Oil may see $80 soon. Just too much bad that can happen over the good. Pump prices have fallen 50-60 cents in 2 weeks. 

I have to admit. I bought oil higher so I went with the momentum and it cost me. But at least I have protection on the downside. 

Same with commodities like NUE, CLF ect. Another sector they pumped. 

I'm looking at the beat up names now to put money to work. 

What's on your shopping list?