This 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.v
My expectations for the #HYHRD (High Yield High Return Dividend) Portfolio:
I target a minimum 20% annual return on stock price *and* a minimum 5% 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 a FREE stock screener on fidelity.com (you need to register to save your screens, but it’s worth it, IMHO).
This fidelity screen is the least forgiving and probably most ‘accurate’, and I place quite a bit of trust in it’s results, or lack thereof. I am finding the results produced by the fidelity screen follow the criteria even more closely than any other screen, which is why I use it *almost* exclusively. This also means that this screen is almost ‘perfect’, which may or may not be a good thing. I look for; Dividend Yield (Annualized) Is highest/lowest % in industry (Highest 20%), Security Type Is One Of: Common Stock, Common Stock (REIT), Price Performance (52 Wk, 13Wk, 4Wk, 5 Days) Is highest/lowest % in industry (Highest 40%), Exchange is One Of (AMEX, NASDAQ, NYSE), Company Headquarters Location Is United States of America, and Equity Summary Score from StarMine Bullish or Better (7.1 – 10.0).
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!
Here’s this past week’s ‘pass list’;
fidelity screen – banc brkl de ebf leg nrz nycb pets rrd wmc wstg zfc
* – when screened, non-dividend stocks are rejected for obvious reasons
* – most foreign stocks, especially Chinese and Russian stocks are also rejected (i.e.; some are kept)
* – most sub-par stocks are also rejected (i.e.; some are kept), and all MLP and/or LP and/or LLC stocks are rejected
* – any stocks that pass the above initial screening and/or that aren’t summarily dismissed are put on my watch list
* – the watch list also holds closed positions to see if re-entry is warranted at some point
* – when a buy is made from this watch list, the stock is added to the ‘score’ spreadsheet