#HYHRD WL w/e 5/7 $SUP $AFSI $ARI $ARP $CBL $CLNY $CORR $GLOG $MFA $MH $SSW $TOO

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.

My expectations for the #HYHRD (High Yield High Return Dividend) Preferred Portfolio:

I target a minimum 6% fixed and cumulative dividend yield.

I can’t always hit them, but those are my targets.

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;

Stock Screens

“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 “Top20/40Bullishorbetter” 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 Bullish or Better (7.1 – 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%).

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 dynamic (changes every week) screen results are shown below;

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

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

Here’s this past week’s ‘pass list’ using the “Top20NoOpinion” screen; bgc (rejected) bgsf (rejected) sup

* – 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

I am now screening for and investing in Preferred Securities (Symbols are different almost everywhere you look, but the underlying and the description(s) should help you figure out which one(s) might warrant some further DD on the platform of your choice).

Following are the screening results and updated activity list of preferred shares for the #HYHRD portfolio;

Preferred Screening Watch List Update

This Watch List Update is now issued weekly, usually Fridays, and/or the last trading day of the week. This is my compilation from this past week. Results of this and past screens can be seen on my blog, under Real Results (click on Preferred Watch List).

Lot’s to do, so let’s get to it.

Last Week’s screening watch list updates;

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.

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

Preferred Stock Screens

The “Preferred Securities (modified)” screen from the “Expert” screens section on fidelity.com that I have modified; This screen looks for; Revenue Growth (TTM vs. Prior TTM) Is greater than or equal to 2.5%, Cash Flow Growth Rate (5 Yr) Is greater than or equal to 9.5%, Dividend Yield (Annualized) Is greater than or equal to 8%, Interest Coverage Is highest/lowest % in market (Highest 60%), Security Price Is greater than or equal to $10, Volume (90 Day Average) Is greater than or equal to 0.004 (Millions), Coupon Type Is (Fixed), Callable (Yes), Cumulative Dividend Indicator Is (Cumulative).

The “Preferred Securities (Greater Interest Coverage)” screen from the “Expert” screens section on fidelity.com that I have modified; This screen looks for; Revenue Growth (TTM vs. Prior TTM) Is highest/lowest % in market (Highest 60%), Cash Flow Growth Rate (5 Yr) Is highest/lowest % in market (Highest 60%), Dividend Yield (Annualized) Is highest/lowest % in market (Highest 60%), Interest Coverage Is highest/lowest % in market (Highest 60%), Security Price Is less than or equal to $25, Volume (90 Day Average) Is greater than or equal to 0.004 (Millions).

The “#HYHRDPreferred” screen that I have ‘tweaked’ a bit from the “Expert” screens section on fidelity.com. I look for; Revenue Growth (TTM vs. Prior TTM) Is highest/lowest % in market (Highest 60%), Cash Flow Growth Rate (5 Yr) Is highest/lowest % in market (Highest 40%), Dividend Yield (Annualized) Is highest/lowest % in market (Highest 40%), Interest Coverage Is highest/lowest % in market (Highest 40%), Security Price Is greater than or equal to $10, Volume (90 Day Average) Is greater than or equal to 0.006 (Millions), Coupon Type Is (Fixed), Callable (Yes), Cumulative Dividend Indicator Is (Cumulative).

The “#HYHRDPreferredTop20-20-20-40” screen that I have further ‘tweaked’ a bit from the “Expert” screens section on fidelity.com (I like this one best). I look for; Revenue Growth (TTM vs. Prior TTM) Is highest/lowest % in market (Highest 20%), Cash Flow Growth Rate (5 Yr) Is highest/lowest % in market (Highest 20%), Dividend Yield (Annualized) Is highest/lowest % in market (Highest 20%), Interest Coverage Is highest/lowest % in market (Highest 40%), Security Price Is greater than or equal to $10, Volume (90 Day Average) Is greater than or equal to 0.006 (Millions), Coupon Type Is (Fixed), Callable (Yes), Cumulative Dividend Indicator Is (Cumulative).

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 Preferred screens this past week, and the dynamic (changes every week) screen results are shown below;

Here’s the updated ‘pass list’ using the “Preferred Securities (Greater Interest Coverage)” screen; afsi/pa ari/pa cbl/pd cbl/pe clny/pb clny/pc corr/pa glog/pa mfa/pb mh/pc ssw/pd ssw/pe too/pa

UPDATE: 5/2/16 I did more research on the screening results from the preferred stock channel website, and again decided not to use those results, except for “unusual opportunities”.

* – preferred stock symbols are not included in the subject of the post, but I have included the underlying stock symbol
* – preferred stock symbols vary depending on your platform, and are not supported on StockTwits

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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