The Watch List Update is now issued weekly, usually on Fridays. This is my compilation from this past week.
Hindsight can be 20/20, foresight not so much.
My expectations for the #HYHRD ETF/ETN Portfolio:
I target a minimum 30% annual return on ETF/ETN price *and* a minimum 6% dividend yield.
I can’t always hit that, but those are my targets.
Sometimes I hit my targets, too; some I exceed by a little, and some by a lot.
Lot’s to do, so let’s get to it.
Last Week’s screening watch Lists;
I *try* to screen the morning before the market opens each day, and then compile the results and post on Friday.
I use 4 ETF/ETN screeners; barchart.com, fidelity.com, sharebuilder.com, and seekingalpha.com.
My basic initial screening criteria is different for each screener, then I weed out results that aren’t quite “up to snuff” in my opinion.
There’s other criteria that I use, and that further limits the number of stocks that will pass each screen. I believe that all of this criteria, when considered together, yields ‘higher quality’ results.
I also get tips from fellow traders on StockTwits and even from articles written for Seeking Alpha, and some of those tips are quite good. Some are notoriously bad, though, so I still need to due my own own DD (That’s Due Diligence, for the n00bz!). Of course, if a stock looks bad on first pass and has never passed any of my screens, my scrutiny is rather tough, and some tips are dismissed out of hand. Still, though, some tips do make it through. YMMV!
I screen on barchart.com, looking for yield (>6%), positive alpha, positive weighted alpha, and I have added Moving Averages (5 Day over 20 Day, 20 over 50, 50 over 100, and 100 over 200).
I screen on fidelity.com, looking for price performance, dividend yield and alpha in the highest 20% of the market, and standard deviation in the lowest 20% of the market.
I screen on sharebuilder.com, looking for price performance (>20%), Returns Range Average and High, Net Expense Ratio Average and Low, Morningstar Risk vs. Category Below Average and Low and Return vs. Category Above Average and High.
I use the new ETF HUB on Seeking Alpha, looking for 1 Year Return (>20%) and Yield (>6%).
Screen Results (ETF/ETN)
Here’s this past week’s ‘pass list’ for each screen;
barchart screen – dbaw (rejected) dbjp kbwd lmlp (rejected) pff retl
fidelity screen –
sharebuilder screen – hedj iyc
seeking alpha screen – dbgr dbjp dvyl
* – when/if a buy is made from this watch list, the stock is added to the ‘score’ spreadsheet