There are some good buying opportunities as of yesterday. KMB wasn't on my short list, but I needed to get consumer staples on top of my portfolio again. I was going to purchase PG or GIS, but due to its recent dividend increase, Kimberly Clark Corp (KMB) had the best yield. While I'm not a big believer in their toilet paper market futures (wait 'til America discovers the bidet), diapers and depends may never go out of style. Not to mention Kleenex in this flu season. I dropped TDS from my T-Com watchlist and put KMB in its place. I should now own enough high yielding staples to re-invest in for awhile. Wal-Mart is still on my radar, but it needs to drop quite a bit before I'll buy in. At market close today I will update my charts. I recently added linear trendlines to a few graphs, to help me predict, or work towards, my future goals. Right now they show the $2k div mark to hit sometime mid-September, and barring any hardship, I'll try to make that happen sooner.
ORI has been a pleasant surprise, one of the few stocks positive these last few days, and for quite a bit since the short selloff after the bonus dividend cutoff date. There's a lot to be confident about all around going into the first quarter of the new tax year. I expect some good buys in healthcare after Bezos threatens to buy something up, and with the president's goal to reduce prescription drugs (may not be a coincidence he mentioned this).
Now that my staples are on top again, I can look at some other possibilities. The REITs (O, NNN) are high on my list, along with MAIN, both due to interest rates. Healthcare is next depending on what happens, and of course utilities are still offering some nice buys. I am also keeping my eye on Alaska Air to finish out my 2 industrials, as it has been downgraded. I would like to get a better yield on that one.
Earnings season always reveals some great buys.
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