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U.S. Dividend Watch List: August 30, 2013
Below are the 26 companies on our U.S. Dividend Watch List that are within 11% of their respective 52-week lows. Stocks that appear on our watch lists are not recommendations to buy. Instead, they are the starting point for doing your research and determining the best company to buy. Ideally, a stock that is purchased from this list is done after a considerable decline in the price and rigorous due diligence.
U.S. Dividend Watch List: August 23, 2013
Below are the 15 companies on our U.S. Dividend Watch List that are within 11% of their respective 52-week lows. Stocks that appear on our watch lists are not recommendations to buy. Instead, they are the starting point for doing your research and determining the best company to buy. Ideally, a stock that is purchased from this list is done after a considerable decline in the price and rigorous due diligence.
Nasdaq 100 Watch List: August 23, 2013
Below are the Nasdaq 100 companies that are within 10% of the 52-week low. This list is strictly for the purpose of researching whether or not the companies have viable business models.
Dow Jones Utility Average Downside Targets
As the Dow Jones Industrial Average and Dow Jones Transportation Average have achieved highs above their respective 2007 peaks, the Dow Jones Utility Average has not fared as well. In fact, the Utility Average has been in a declining trend since April 2013.
Review: Exelon Corporation
On November 7, 2012, we did a research request on Exelon (found here). At the time we said the following:
“The run that EXC has had in comparison to the average “high quality” index of utilities seems inordinate. Especially when we consider that we’re at a historic low point for interest rates. Any sudden change of interest rates to the upside will decimate all utilities, especially those that have had an excessive run to the upside. As the market has adjusted the view on the prospects for EXC, the possibility exists that a swing to the opposite extreme is in the making for Exelon.”
Shortly after writing that piece on Exelon (EXC), the stock declined an additional –10%. However, Exelon had more life in it than we anticipated. At the low of November 23, 2012, EXC increased a stunning +32.23% by April 29, 2013. But then came a rise in interest rates. From April 29th to the present, EXC declined –18% to the level it was at on November 7, 2012.
It should not go unnoticed that on Edson Gould’s Speed Resistance Lines, EXC went up to the extreme downside target of $30.55 and failed. The inability of EXC to stay above the $30.55 level suggests that there is still downside risk with the threat of rising interest rates.
We still have support levels of $23.53 and $16.50. We wouldn’t be surprised to see the rising interest rate environment persist for the foreseeable future. Naturally, this should have a exaggerated negative impact on utilities going forward.
Transaction Alert
On August 21, 2013 we BOUGHT the following stocks:
U.S. Dividend Watch List: August 16, 2013
Below are the 17 companies on our U.S. Dividend Watch List that are within 11% of their respective 52-week lows. Stocks that appear on our watch lists are not recommendations to buy. Instead, they are the starting point for doing your research and determining the best company to buy. Ideally, a stock that is purchased from this list is done after a considerable decline in the price and rigorous due diligence.
Canadian Dividend Watch List: August 16, 2013
This is a list of Canadian dividend stocks that currently, or in the past, had a history of consecutive dividend increases. For those wishing to find the most complete fundamental information on these companies, we recommend visiting one of Canada’s leading financial websites, the Financial Post (found here). However, Yahoo!Finance probably has the better long-term charts and historical dividend data.
Comments Off on Canadian Dividend Watch List: August 16, 2013
Posted in Canadian Dividend Watch List
Nasdaq 100 Watch List: August 9, 2013
Below are the Nasdaq 100 companies that are within 10% of the 52-week low. This list is strictly for the purpose of researching whether or not the companies have viable business models.
Gold Stock Indicator
Posted in ABX, gold, gold bugs, Gold Stock Indicator, kgc
Review: Bank of Hawaii Meets Upside Target
On January 12, 2009, we made a recommendation of Bank of Hawaii (BOH). In that article (found here), we said the following:
"This would be the ideal buying point, however we must be ready to pull the trigger anywhere between $30.70 and $20.87."
The actual low for the stock was $25.70 on March 9, 2009. While technical analysis was dismissed at the time, there were and currently are some factors that we feel are important to review regarding Bank of Hawaii.
As pointed out in the 2009 article, BOH was a buy when the price declines in the face of above average trading volume (found here).
Currently, BOH has below average trading volume. This does not suggest that the stock cannot increase in value. However, each time volume was exceptionally high (1990, 2000, 2009, 2011), as the stock declined, the valuation figures were in favor of the investor buying BOH.
In addition, our Jan. 2009 article said the following:
“…BOH would trade at $56.84 if it were to revert to the mean based on 2008 earnings of $4.06 (The Bank of Hawaii has estimated fourth quarter 2008 earnings of $0.89).”
After recently closing as high as $56.81 on August 1, 2013 with a possible double top in place, a decline below $54.70 could indicated the trend is down for the intermediate term. With the upside target having been met, we’d wait to see if a meaningful decline ensue before accumulating additional shares of Bank of Hawaii.
Posted in Bank of Hawaii, BOH, review