#HYHRD 7/11 WL $ALK $AYR $BKSC $CATO $CBRL $CPB $FAF $FLXS $FNLC $GAIN $GARS $GIS $LXK $MRCC $PULB $TGT $VLGEA $WMC

This Watch List Update is now issued weekly, usually on Fridays, and/or the last trading day of the week. 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 by the end of the trading week.

Stock Screening

I use FREE stock screeners on fidelity.com (you need to register to save your screens, but it’s worth it, IMHO).

The “Top20/40IndustryVeryBullish” 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 my criteria even more closely than any other screen, which is why I use it *most* of the time. 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 Very Bullish (9.1 – 10.0).

OTHER CRITERIA USED

From time to time, I use slightly different criteria when I screen. They include, but are not limited to;

“Top40Bullish” – Dividend Yield (Annualized) Is highest/lowest % in industry (Highest 40%), 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 Very Bullish (9.1 – 10.0).

“Top40Bullishmarket” – Dividend Yield (Annualized) Is highest/lowest % in market (Highest 40%), Security Type Is One Of: Common Stock, Common Stock (REIT), Price Performance (52 Wk, 13Wk, 4Wk, 5 Days) Is highest/lowest % in market (Highest 40%), Exchange is One Of (AMEX, NASDAQ, NYSE), Company Headquarters Location Is United States of America, and Equity Summary Score from StarMine Very Bullish (9.1 – 10.0).

“Top20Bullish” – 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!

I used three screens this past week, and the screen and it’s results are shown below.

Here’s this past week’s ‘pass list’ using the “Top20/40IndustryVeryBullish” screen;

cato cpb fnlc gis vlgea wmc

Here’s this past week’s ‘pass list’ using the “Top40Bullish” screen;

alk ayr bksc cato cbrl cpb faf flxs fnlc gain gars gis lxk mrcc pulb tgt vlgea wmc

Here’s this past week’s ‘pass list’ using the “Top20Bullish” screen;

has

* – 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

About PandA Trader

I am, I think... "Disobedience, in the eyes of anyone who has read history, is man's original virtue. It is through disobedience and rebellion that progress has been made." -- Oscar Wilde
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