Watch List -April 2019
It is the beginning of a new month (April) and the planning on what I should purchase has started. Compared to previous month I will limit my purchase to a few hundred dollars this month. Tax will be due soon, a new Car is on the horizon, which I hope not to finance. So I may decide to sell few stocks to finance it instead. My hope is to work another 5 years at current Job and transition to part time job down the line to keep a steady income.
This will mean I will loose some current monthly dividend income that I am currently receiving. However, no debt should accelerate the accumulations again in no time.
Without further ado here is what is on the horizon for me to purchase this month:
- T (AT&T) I currently hold 18 shares and I hope to add more shares here this month. At current level it is a good time to add more shares to this dividend aristocrat. The stock is currently yielding north of 6% which is very juicy, with the synergies that will be gain with Time Warner this is surely the time to buy. Revenue has grow year-over-year to almost 20% last year after the merger. As the company focus on cutting debt, this will free up more cash flow which could be use to increase dividend as well.
- TD (Toronto-Dominion Bank) one of Canada big banks. I like this stock due to it's bigger footprint in the USA market compare to the other big Canadian banks. We still close to 52-week low on it's current stock price, this may be a good time to add more shares; I currently hold only 5 shares and have ignored it for the most part to add to BNS, another of my favorite Canadian banks.
- ABBV (Abbvie) currently sits at 20% from its peak. The dividend is very Juicy as well. The concerns with its top drug Humira is definitely a concern. However, multiple drugs in the pipeline should alleviate some of that concern by 2022. I currently hold 20 shares here, I would like to reach 30 shares by year end on this stocks and let it ride.
- CVS is also down significantly from its peak $79.00. It may be the best time to load up in this stock at $53.00. With the synergies from its acquisition of Aetna and this will also put CVS ahead of its competitions as well as the leverage in price negotiations down the line. I currently hold 6 shares of CVS and it may be just the time to add more shares this month.
- KDP (Keurig Dr. Pepper) I love my Keurig coffee pods in the morning. Leaving for work at 02:30 AM this is a daily necessities. The competition in the market is fierce and they lead the pack. KDP is now part of JAB Private German company, they don't tend to take advantage on synergies with most of their holding, i.e. Panera bread, Peet's coffee and other. Hopefully the synergies with Dr. Pepper will bear fruit sooner rather than later. I currently hold 14 shares here, I may add few shares this month as well here.
There are other stocks I may take a look at this month, but the Five mentioned above will be my focus this month. As we all know Mr. Market can always throw a wrench in our plans.
What will you be buying this month? Do we share some names?
Happy Investing.
Dividend Pursuit
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