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August Commonstock Watchlist Update
This is the first update since I have added my 7th KPI to each portfolio - Dividend Growth in Roth and Total Yield in Taxable. Will be interesting tho see the changes, if any.
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 1 Year Gain is +3.34%
- S&P 3 Year Gain is +29.48%.
- Portfolio Average Dividend Yield is 2.65%
- Portfolio 95th Percentile Yield is 5.56%
- Median 1 Year DGR - 5.88%
- Median 3 Year DGR - 3.83%
- S&P 500 P/E is 23.46
- Portfolio Median P/E is 21.80
July Watchlist:
Add:
Remove:
Healthcare:
$AMGN - 5.5/7
- Price vs S&P - +0.5. 1 Yr +4.37% vs +3.34% and 3 Yr +8.87% vs +29.48%.
- FCF Rank - +1. Div/FCF is 48.41% and less than 50%.
- Conviction - +0.5. Medium.
- Dividend Yield - +0.5. Yield of 3.04% is higher than average, less than Top 5%.
- Dividend Growth - +1. 1 Year DGR of 10.23% and 3 Year DGR of 10.19% are both higher than portfolio medians.
- Weighting - +1. Currently no holdings in sector.
- P/E - +0.5. 17.64 is less than portfolio median and S&P.
- Source: Pre-2023
Consumer Discretionary:
$ETD - 6/7
- Price vs S&P - +1. 1 Yr +4.37% vs +3.34% and 3 Yr +8.87% vs +29.48%.
- FCF Rank - +0.5. Div/FCF is 95.59% and higher than 50%.
- Conviction - +0.5. Medium.
- Dividend Yield - +1. Yield of 6.66% is in Top 5% of portfolio.
- Dividend Growth - +1. 1 Year DGR of 19.79% and 3 Year DGR of 14.81% are both higher than portfolio medians.
- Weighting - +1. Currently no holdings in sector.
- P/E - +1. 7.23 is less than portfolio median and S&P.
- Source: Koyfin Screener 2/18/23
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 $CRON and $BUD. I sold all of $FUN and $O, so I am unrepresented in those sectors (Entertainment and Real Estate).
Adding some names to the Watchlist that are higher rated than my current holdings in that sector.
For reference:
- S&P Price 1 Year Gain is +3.34%
- S&P 3 Year Gain is +29.48%.
- Portfolio Average Total Yield is 4.42%
- Portfolio 95th Percentile Yield is 8.81%
- S&P 500 P/E is 23.46
- Portfolio Median P/E is 19.09
July Watchlist:
Add:
Remove:
Entertainment:
$OMC - 5.5/7
- Price vs S&P - +1. 1 Yr +10.72% vs +3.34% and 3 Yr +48.73% vs +29.48%.
- FCF Rank - +0.5. Div/FCF is 65.21% and greater than 50%.
- Conviction - +0.5. Medium.
- Total Yield - +0.5. Yield of 7.84% is higher than average, less than Top 5%.
- Share Count - +1. Share count has decreased since adding to watchlist.
- Weighting - +1. Currently no holdings in sector.
- P/E - +1. 11.77 is less than portfolio median and S&P.
- Source: Koyfin Screener 2/18/23
Sin Stocks:
$PENN - 5.5/7
- Price vs S&P - +0. 1 Yr -33.14% vs +3.34% and 3 Yr -58.05% vs +29.48%.
- FCF Rank - +1. No dividend, but positive cash flow.
- Conviction - +1. High.
- Total Yield - +1. Yield of 12.29% is Top 5% of portfolio
- Share Count - +1. Share count has decreased since adding to watchlist.
- Weighting - +0.5. Currently underweight in sector.
- P/E - +1. 5.29 is less than portfolio median and S&P.
- Source: Pre-2023
Summary & Commentary
I will be completing my annual Birthday Buys in January, so this is all still preliminary leg work to continue to familiarize myself with potential adds. However, if I were to buy right now, I would buy the following:
Roth IRA
$ETD - Highest ranked company in both Watchlist and current portfolio. Only concern is the Div/FCF percentage. My buying small portions over time will allow me to track and see if the company continues to perform in the watchlist.
Taxable
$TPR - Tapestry has been at the top of my Watchlist for a long time. I think there is value to hold shares in the higher end consumer discretionary space.
I was surprised $PENN jumped so high in the new Scorecard format. I feel like the ESPN deal is a last-ditch effort and I will most likely be changing my Conviction ranking in my next Watchlist Quarterly review in October.
As always, I am interested to see your thoughts in the comments.
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