November Watchlist Update
We are only 2 months away from my 2023 Birthday Buys! I will add one (or more) holdings from the below watchlist. I encourage you to check out my past Watchlist posts as well to see how this list has evolved over the past few month.
Below is my most recent list:
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Changes since October:
Taxable
Removed:
$DE - Dropped to a 4/6 on my Scorecard. Most likely impacted by my continuing additions to $CARR and increasing my weighting in industrials.
$DMLP - Dropped to a 4/6 on my Scorecard. Most likely impacted by my continuing additions to $CARR and increasing my weighting in industrials.
Added:
$UPS - Rose to 4.5/6 on my Scorecard. Tied as highest rated Watchlist holding.
$IIPR - Rose to 4.5/6 on my Scorecard. Tied as highest rated Watchlist holding.
$RICK - Rose to 4.5/6 on my Scorecard. Tied as highest rated Watchlist holding.
$LMT - Rose to 4.5/6 on my Scorecard. Tied as highest rated Watchlist holding.
Roth IRA
Removed:
$ABT - Dropped ro a 4.5/6. With $CAH, $JNJ and $AMGN all at higher scores (5.5/6), $ABT was dropped.
Added:
$AMGN - Jumped to a 5.5/6 and is now tied for highest ranked Healthcare position.
$GIS - A 5.5/6 and is the highest rated CPG Food position in my Watchlist.
Summary/Reflection
As I have said the past few months, I will most likely only be adding to my Roth IRA this coming year. I have all of my target sectors represented in my Taxable portfolio, and I do not want to start a new position unless I have a knockout opportunity. With my top targets at 4.5/6, that isn't enticing enough to start.
As for my Roth IRA, I am still eyeing $OZK, which has been at the top of my Watchlist for some time. You can check out my post on it here. $LMT was also a 6/6 for much of the month of October. Since my brokerage does not allow purchasing fractional shares, I am going to focus on building a cash position for January in case $LMT becomes a 6/6 and is a good buy with its extremely high (comparatively) share price.
One other note, $RICK and $LMT are at the top of both Watchlists. Maybe that is an indicator...
That is it for this month! December will be my final Watchlist update before my buys! I will spend some time diving deeper into a few of the companies at the top of my list to break any ties when it comes to starting positions in January.
As always, I would love to hear your thoughts in the comments!
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