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May Watchlist Update
Finally got a chance to update my watchlist for May. No changes in my Taxable Watchlist. However, I had some changes in my Roth IRA Watchlist. There was some slight shuffling in scores in my healthcare and defense holdings. $MRK is added to the Watchlist for what I believe is the first time.
Roth IRA
Goal - to add to un-represented sectors in portfolio. These sectors are Healthcare, Defense, Consumer Discretionary and Utilities.
For reference:
- S&P Price Gain 1 Year is +2.49%
- S&P 3 Year is +46.24%.
- Portfolio Average Yield is 2.61%
- Portfolio 95th Percentile Yield is 5.55%
Added:
Removed:
Utilities:
$GNE - 4.5/6
- Price vs S&P - +1. 1 Yr +112.43% vs +2.49% and 3 Yr +98.87% vs +46.24%.
- FCF Rank - +1. Div/FCF is 9.8% and less than 50%.
- Conviction - +0.5. Medium.
- Dividend Yield - 0. Yield of 1.89% is less than average.
- Weighting - +1. Currently no holdings in sector.
- P/E - +1. 5.08 < 25.
- Source: Koyfin Screener 2/18/23
$NEE - 4.5/6
- Price vs S&P - +0.5. 1 Yr +11.69% vs +2.49% and 3 Yr +35.51% vs +46.24%.
- FCF Rank - +0.5. Div/FCF is 933.04% which is concerning and way more than 50% target.
- Conviction - +0.5. Medium.
- Dividend Yield - +1. Yield of 8.67% is higher than Top 5%.
- Weighting - +1. Currently no holdings in sector.
- P/E - +1. 23.20 < 25.
- Source: Pre-2023
Healthcare:
$MRK - 4.5/6
- Price vs S&P - +1. 1 Yr +29.57% vs +2.49% and 3 Yr +57.72% vs +46.24%.
- FCF Rank - +1. Div/FCF is 10.13% and less than 50% target.
- Conviction - +0.5. Medium.
- Dividend Yield - 0. Yield of 2.22% is less than average.
- Weighting - +1. Currently no holdings in sector.
- P/E - +1. 22.88 < 25.
- Source: Pre-2023
Taxable
Goal - to track companies in sectors I will most likely sell out of that have higher rankings than current holdings.
I am currently less than 1% weighted in $FUN, $CRON, $BUD and $O. Therefore, I am tracking companies in Entertainment, Sin Stocks and Real Estate. I currently do not have anything in my watchlist tied with or better than $O, so I do not have this sector represented in this iteration of my Watchlist.
For reference:
- S&P Price Gain 1 Year is +2.49%
- S&P 3 Year is +46.24%.
- Portfolio Average Yield is 2.91%
- Portfolio 95th Percentile Yield is 5.85%
No changes from April.
Summary & Commentary
If I were starting new positions now, below are my Top 3 for each portfolio:
Roth IRA
- $TPR - Highest rated company in watchlist and in a target sector
- $CWEN.A - Higher dividend yield, but still a safe payout ratio compared to other Utilities
- $GD - Higher dividend yield than $LMT with lower share price and similar payout ratio
Taxable
- $RICK - Highest rated of my target sectors above
- $FWONA - I am willing to trade higher P/E for a dividend and an organization expanding globally - especially in the US
- $HIBB - Not a target sector, but highest rated company in watchlist. I also saw my first Hibbett store on my drive to our vacation last week, which was cool after doing some research on the company the past few weeks.
As always, I appreciate any thoughts in the comments!
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