August Watchlist Update
Below is an update on my watchlist for August in preparation of my Birthday Buys in January! I am targeting to add 1 to 2 positions in each portfolio. Some of the great July Ideas recommendations have made their way onto my watchlist 👀
$COST - I have a number of other very strong alternatives that I would add ahead of Costco, so I removed it from my watchlist.
$F - Potentially breaking one of my rules by choosing not to invest in auto manufacturers. This was a July Ideas rec, and ranks as a 5/6 to tie $DMLP as an Industrials option.
$WM - Dropped from a 5/6 to a 4.5/6 over the course of July. Added $AY, which has a higher ranking at 5/6.
$ALL - Dropped from a 5/6 to 4.5/6 over the course of July. Still have $OZK as strongest potential Financials picks ranking at 5.5/6.
$AFL - $OZK increased from a 5/6 to a 5.5/6, which is now my strongest potential financials play. $AFL has therefore been removed.
$RICK - July Ideas rec. Ranking at a 5/6 and strong Sin Stock option.
$AY - July Ideas rec. Ranking 5/6 as a Utilities option.
My predicted picks in July were $PENN in my Taxable account and $AMGN in my Roth IRA. Now in August, my picks have changed to $CAT in my Taxable and $OZK in my Roth IRA.
I'd love to hear your thoughts on my picks and thought process!
What specific alternatives did you have for Costco?
$F concerning. Huge $ commitment to EVs which has to come from selling more gas vehicles. And, they lie. Previous conf calls said there were no supply chain issues only to get smacked by chip shortage with everyone else. Used car prices are starting to slide and late payments on auto loans is rising. Just seems like they have some very challenging quarters in front of them.