We are already halfway through February and it has been a very fast month for us. Time is flying by and the market is rapidly evolving as a lot of new data has become available over the last week. It is time to update our February watch list to reflect the changes in the market. Lanny gave our watch list a new look this month, so we are excited to unveil our changes. Let’s see which companies we have our eye on!
Looks like I have a little capital from my recent ARCP sale to deploy, so I wanted to take this opportunity to research a potential investment for the excess capital. For me, it was a no-brainer figuring out which stock I was going to analyze. Tobacco has a relatively low weight in my portfolio even though the power companies in the industry offer a very attractive yields. With stock prices falling lately, it seemed like a great time to assess my only tobacco holding, Philip Morris (“PM”), to determine if I should re-up my position.
Having an established Watch List is critical for investors. It will help a potential investor identify when a company, that they have performed research over and determined that they would one day like to buy at a reduced price, becomes more affordable. Interestingly, even though I know about the importance of a Watch List, I still have not created one to date. This was brought to my attention recently by Henry at Living At Home when he asked me if I had any other stocks on my radar. I couldn’t believe it, but I did not have an answer. Now, it is time for me to put together a list of stocks to monitor going forward. Here are ten stocks I am adding to my July Watch List.