Zacks highlights commentary from People and Picks Member .
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Featured Post
MARCHing Onward: The Beat Goes On
After one year of RobtheMarketBlind methology trading, our public documented record — as exemplified by the DIVIMO and robthemarketsblind blogs remains perfect, all winners, no losses, no misses.
…and it keeps getting better, as February 2012 was our best month ever!
Wal-Mart (WMT): Today we added to our position on WMT. WMT has seen a small dip and hence became an opportunity to buy in more shares. WMT should announce it’s next dividend and go ex-div within the next two weeks. WMT should also announce a dividend yield increase this year. Our thoughts, the timing is perfect.
Kinder Morgan (KMP): We sold our shares while KMP hit one of it’s highs. This was a very profitable win for us both in dividends received and share appreciation. Why did we sell? Our strategy is capital appreciation and slow and steady income growth. We exceeded our goals in KMP and wanted to lock in the profits.
AT&T (T). Wrote another covered call (Apr 31 strike). T is currently climbing and is near resistence, if not at it. It is already over our goal and we are always interested in getting more income. If forced to sell at 31, it’s another win.
Our few non-dividend non-option plays continue to exceed expectations. Apple (AAPL) and Bank of America (BAC) continue to matriculate upwards.
We have written Puts on the underlying stocks which are still open and all winners at the moment. They are: INTC, MO, MSFT, DIS, RAI, TOL, PEP and WAG.
The most recent picks by are:
A buy rating on Home Depot (HD),
a buy rating on Pacific Sunwear (PSUN) and
a buy rating on Chico’s FAS (CHS).
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