Zacks highlights commentary from People and Picks Member «DiviMO».
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Five dividend and non-dividend stocks to buy now
The market’s volatility has created some nice buying opportunities for dividend investors. It also has allowed one to view continued strong stocks in this market environment for long term holdings.
- APPLE. (AAPL). In the recent selling the 50 day moving average has not fallen and in fact has continued to climb. The 100 and 200 moving averages on Apple continue to show positive support.
- PRICELINE (PCLN). Priceline stock has been a leader all year. It failed to have the 50 day, 100 day or 200 day change direction despite the downturn in market direction. Actually the 50 day remained pretty solid despite all the selling of the last week.
The following are proven winners with a long history of dividend payments with dividend increases. The major critieria is as follows:
- Proven winners with a long history of dividend payments with dividend increases
- Examine the stock in the previous bear market. How did the stock perform. If the stock lost more than 50% of its value, then I do not select that stock.
- Examine how the stock bounced back from the previous bear market. If it did not come back to full levels during the bull market, don’t buy it
- Make sure you like the stock for the long run.
- ABBOTT LABS (ABT) has 39 years of dividend increases. The yield is 4% at $48. It only dropped 6.3 % during the bear year 2008. It has a 9.7% 5-year dividend growth rate. The earnings growth projected for next year is 7.78%
- JOHNSON & JOHNSON (JNJ): 49 years of dividend increases. The yield is 4% at $57. The p/e of 13.3. . The earnings per share growth rate projected for next year is 6.44%. It dropped only 6.62% during bear year 2008.
- ALTRIA (MO): This one is almost a steal. The stock had raised its dividends for 42 years in a row. Altria is set to increase its dividend payments from the current quarterly payment of $0.38. It is currently paying over 6%. A good stock to lock in fixed income at a bargain price.
The most recent picks by «DiviMO» are:
A sell rating on Cree, Inc. (CREE),
a sell rating on Nexen, Inc. (NXY) and
a buy rating on Baidu.com (BIDU).
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