#HYHRD WL w/e 3/5 $AMNB $BANC $CALM $CCNE $CNSL $GES $ORIT $SAL $UG $UNB

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.

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).

The “Top40/20IndustryVeryBullish” fidelity screen is another in the least forgiving and probably most ‘accurate’ category, 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. 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 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 20%), 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).

The “Top20/40IndustryVeryBullish” fidelity screen is another in the least forgiving and probably most ‘accurate’ category, 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. 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).

The “Top20MarketNoOpinion” fidelity screen is yet another screen that I use, and one of the simplest. I look for; Dividend Yield (Annualized) Is highest/lowest % in market (Highest 20%), Security Type Is One Of: Common Stock, Common Stock (REIT), Exchange is One Of (AMEX, NASDAQ, NYSE), Company Headquarters Location Is United States of America, and Price Performance (52 Wk, 13Wk, 4Wk, 5 Days) Is highest/lowest % in market (Highest 20%).

The “Top20NoOpinion” fidelity screen is yet another screen that I use, and one of the simplest. I look for; Dividend Yield (Annualized) Is highest/lowest % in industry (Highest 20%), Security Type Is One Of: Common Stock, Common Stock (REIT), Exchange is One Of (AMEX, NASDAQ, NYSE), Company Headquarters Location Is United States of America, and Price Performance (52 Wk, 13Wk, 4Wk, 5 Days) Is highest/lowest % in industry (Highest 20%).

The “Preferred Securities” screen from the “Expert” screens section on fidelity.com; “Zacks Investment Research, Inc. – Other—The goal of this screen is to find financially strong companies with preferred securities that seek to offer above market dividend yields. Some investors may choose preferred securities over common stock because dividends on preferred securities usually have a higher priority in the issuing company’s capital structure than those of common stock. As a result, if a company were to reduce or stop its dividends, it would be more likely do so on its common stock before it did so on its preferred securities.”

The “Preferred1” screen that I have ‘tweaked’ a bit from the “Expert” screens section on fidelity.com

The “#HYHRDPreferred” screen that I have ‘tweaked’ a bit from the “Expert” screens section on fidelity.com (I like this one best)

More on these later…

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 a bit on the tough side, and some tips are dismissed out of hand. Still, though, some tips do make it through. YMMV!

I used the following screens this past week, and the screen results are shown below.

Here’s this past week’s ‘pass list’ using the “Top20NoOpinion” screen; cnsl ges unb

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

Here’s this past week’s ‘pass list’ using the “Top20MarketNoOpinion” screen; cnsl ug

Here’s this past week’s ‘pass list’ using the “Top40/20IndustryVeryBullish” screen; banc sal

Here’s this past week’s ‘pass list’ using the “Top20/40IndustryVeryBullish” screen; amnb calm ccne orit ug

Preferred Securities (I’m still working on this, but these are some initial results);

Here’s this past week’s ‘pass list’ using the “#HYHRDPreferred” screen; ari/pa chsp/pa clny/pa clny/pb clny/pc gaino inn/pb peb/pa peb/pb

Here’s this past week’s ‘pass list’ using the “Preferred Securities” “Expert Screen”; ari/pa chsp/pa clny/pa clny/pb clny/pc gaino glog/pa ht/pb inn/pb inn/pc lho/ph mh/pa mhldo nghcb peb/pa peb/pb rso/pb

Here’s this past week’s ‘pass list’ using the “Preferred1” screen; chsp/pa

* – 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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