What Did You Buy Today?

[fenders53]

(02-24-2021, 11:03 AM)vbin Wrote:

(02-24-2021, 10:33 AM)fenders53 Wrote:

(02-24-2021, 10:01 AM)divmenow Wrote: Love some of these dips today,

Added HD, SQ and NEE

HD doesn't look bad today. I played their last couple dips and thinking about it again.  Sales COMPS are going to be really tough this year but they'll have a good spring quarter.

Everyone I know buying homes and doing home improvements, + texas storms. HD should do well. I am not buying yet though, lol

It's going to be interesting.  Obviously I see the lumber price swings since I work there PT and own Weyerhauser stock.  Framing lumber is probably headed back to record highs shortly.  It adds $15,000 to $25,000 to the price of a new home.  That matters or not depending on where you live.  HD and LOW same store sales growth has been about 5% since forever.  20% four quarters in a row is amazing.  Never would have dreamed Covid and a few stimulus checks would cause that.  Sales growth is very likely to be negative for 2022 or 2023 unless the economy is really rocking.  I won't have a huge long position if I smell that coming.   

Added a little DG.  I shouldn't, but I will nibble some UTEs as well.  

Also, I was curious and looking at Vanguard long bond mutual funds.  Down 5-10% YTD and you are getting well under 2% yield for your risk.  Interest rates are going to creep up some more and make it worse so there will be more money coming over to dividend stocks soon, and CDs I suppose.