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.
Another crazy week in the market. The week started and ended in the green with three red days in the middle. Fortunately for me, I was able to benefit from a positive earnings release and stock for a lesser loss. But the madness did not stop there, I used the proceeds of the sale to purchase another stock on the Diplomats Watch List!
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.