WL 5/28 $ANAC $BEAT $BPTH $DLHC $EDUC $ERII $FIZZ $JBT $HA $HNNA $MGPI $MKTX $NAII $NVDA $SHEN $SOCB $TSN $USCR $XRS

This Watch List Update will no longer be issued weekly. This is my compilation from this past week and will be my last as I focus more on preferred shares, closed end funds, and other issues. Existing common shares will be used to write covered calls for additional income, or sold.

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/or* a minimum 5% dividend yield for income.

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

My expectations have changed. My new expectations for the #HYHRD (High Yield High Return Dividend) Portfolio:

I target a minimal annual return on price and NAV and a minimum 5% dividend yield for income.

I am hitting my targets.

Lot’s to do, so let’s get to it.

UPDATE: May 24th, 2016 I am no longer sccreening for common stocks paying dividends. My focus now is more towards preferred stocks, closed end funds, notes, etc. I started screening for total return, looking for stocks with price on a steady uphill climb (see below). This will also not continue.

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!

UPDATE: May 20th, 2016 I’ve starting working on a screen just looking for total return. I’m getting some interesting results.

The “TotalReturn” fidelity screen is yet another screen that I use, and one of the simplest. I look for; Total Return (1 Yr Annualized) Is greater than or equal to 60%, Total Return (1 Yr Annualized) Is greater than or equal to 40%, and Total Return (1 Yr Annualized) Is greater than or equal to 20%.

I used the following screen this past week, and the dynamic (changes every week) screen results are shown below;

Here’s this past week’s ‘pass list’ using the “TotalReturn” screen; amic (rejected) anac beat bpth dlhc educ erii fizz ha hnna jbt link (rejected) mei (rejected) mgpi mktx naii nvda shen socb tsn uscr xrs

I will still be screening, but not publishing the results. I won’t be looking to add any common stocks to the portfolio, and will remove any that remain shortly. My focus, as I have said, will now be on preferred issues, closed end funds, notes, etc.

Common stocks are, IMHO, too risky for our portflio at this time. I want safer vehicles for our cash. GLTA!

* – 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 usually 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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