Wednesday, July 8, 2020

MY TOP 5 BUY / HOLD STOCKS TO BUY (posted March 31, 2020)


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DISCLAIMER: This chart is based on this date. I'm not suggesting a move up or down. I'm showing a chart I'm watching. I'm not recommending this stock as a purchase. Think of it like this, your showing the world thru my eyes and how I see this chart. Period!
MY TOP 5 BUY / HOLD STOCKS TO BUY

STOCK # 1- Bristol-Myers Squibb - BMY
Bristol Myers makes my list because of its strong pipeline of mature and new drug line. With its purchase of Celgene last year BMY went from a 2nd place runner in the 'next big thing cancer drug' to Merck ... to now having that drug with the 4 drugs Celgene had and with more drugs on the FDA's approval desk, BMY will be seen as a growth stock where prior to the Celgene purchase it was a mature Big Pharma, nice dividend but no growth ... BMY is in my portfolio and I see it re-testing its all time highs of $73x ... it pays a nice dividend ... this is an easy pick for me.
Stock Price @ posting >$55.74Click Yahoo Summary for current
CompanyStockChartsFinvizYahoo SummaryDividendChannel
-Bristol-Myers Squibb Company-BMYView Chart-BMYSee Support-BMYYahoo Summary-BMYVerify-BMY
Check out the links above to start your research on whether or not you too find this company a good one
STOCK # 2- Microsoft Corporation - MSFT
Microsoft (MSFT) is going to be a TOP 5 stock pick for most every blogger picking great stocks to purchase in a down market ... why, simple, they own the desktop operating business and are making such gains in the cloud that some are saying MSFT could over take Amazon Web Services (AWS) as the leader in the space ... now whether that happens or not how do we know ... but what is amazing is the growth this company keeps reporting and mind you ... this is a company that used to be considered in the investing world as a no growth, tech 'utility' stock because its dividend is/was one of the strongest in the world yet for a bit it wasn't growing ... now? its crazy how Wall Street loves Microsoft and how on dips they keep buying it up. Its dividend is solid as a rock and they have so much cash on the sidelines ... its really starting to rival Apple's stockpile which is over $200 Billion last I checked. ... MSFT always has a place in my portfolio and you can write some good covered calls on it as it has very active volume and good option premiums ... and if a trade goes against me ... not losing any sleep holding a falling MSFT (now, things change and as of this writing this is the case for me ... IF things were to change with the company I want have a plan, execute the plan ... as in I NEVER fall in love with a stock even though ... with Microsoft, its hard not too.
Stock Price @ posting >$157.71Click Yahoo Summary for current
CompanyStockChartsFinvizYahoo SummaryDividendChannel
-Microsoft Corporation-MSFTView Chart-MSFTSee Support-MSFTYahoo Summary-MSFTVerify-MSFT
Check out the links above to start your research on whether or not you too find this company a good one
STOCK # 3- Goldman Sachs - GS
Being diversified means buying great stocks across sectors and for me, Goldman Sachs (GS) is my financial sector 'go-to' and the reason is GS is a staple in most portfolio's for its solid business and solid dividend. GS also has good premium's should you want to write covered calls and with an All Time High of $267x ... if I were to buy some now at $155ish ... that would be both a great stock appreciation move as well as collecting its sweet $5 annual dividend along the way. GS at the time of this posting has a book value of $205 ... with its stock trading some $45 cheaper ... Wall Street will probably come in and bid GS up to at least its book valued ... well, that's how I see it. Goldman is an old school Wall Street staple in the finance sector and if you ask me, I'd rather own it then any of the banks ... if you want to be in the finance sector but NOT want the risk of owning 1 stock ... check the ETF XLF which is the ETF that tracks the financial sector ... the XLF has options as well.
Stock Price @ posting >$154.59Click Yahoo Summary for current
CompanyStockChartsFinvizYahoo SummaryDividendChannel
-The Goldman Sachs Group, Inc.-GSView Chart-GSSee Support-GSYahoo Summary-GSVerify-GS
Check out the links above to start your research on whether or not you too find this company a good one
STOCK # 4- IDACORP, Inc. - IDA
This is my dividend utility stock 'go-to' ... IDA Corp (IDA) has done nothing but grow its business (although they have missed earnings recently - see yahoo summary)  Wall Street continues to buy them up and with this recent downturn I've used this opportunity to pick up some more shares, adding what I think is great long term value to my portfolio. They pay $2.68 a share in annual dividend but if you notice they keep increasing it and that's what makes it a 'go-to' for me. I have no problem buying and holding IDA. Now, if you want utility sector exposure but not the risk of owning just 1 stock ... check the XLU - the ETF for the Utility sector. Here's IDA's company profile if you're interested in what they do - IDACORP, Inc. engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydro power generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in three coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon.
Stock Price @ posting >$87.79Click Yahoo Summary for current
CompanyStockChartsFinvizYahoo SummaryDividendChannel
-IDACORP, Inc.-IDAView Chart-IDASee Support-IDAYahoo Summary-IDAVerify-IDA
Check out the links above to start your research on whether or not you too find this company a good one
STOCK # 5- Alibaba - BABA
Alibaba BABA needs no introduction ... they are China's version of Amazon and outside of AMZN's AWS it might offer more services ... BABA does not compete in China with AMZN so it has a serious competitive edge with China's very large consumer customer ... BABA being worth $500 Billion, some think it will be one of the Trillion dollar babies at some point once we get past this virus situation ... I have not a clue but Wall Street likes them and some things you might not know about BABA ... they have the Paypal of China called AliPay ... BABA is not a one trick pony and I would suggest anyone thinking of adding a consumer stock to a portfolio consider Alibaba ... they dont pay a dividend as of this posting ... it wouldn't surprise as the news of China's production going higher since the virus outbreak they will have news that companies like Alibaba are back to normal ... I'm a buyer of BABA under $200 but do know this stock comes with massive swings in its shares price ... you cant handle that, don't touch. Its a CHINA company that trades on the NYSE ... so where many believe China companies have suspect numbers (reporting) BABA does not. Please be sure to do your due diligence if you are planning on buying BABA shares after reading this ... because its not for everyone. - I do not own any BABA shares at the time of this posting.
Stock Price @ posting >$194.48Click Yahoo Summary for current
CompanyStockChartsFinvizYahoo SummaryDividendChannel
N/A
-Alibaba Group Holding Limited-BABAView Chart-BABASee Support-BABAYahoo Summary-BABAVerify-BABA
Check out the links above to start your research on whether or not you too find this company a good one
Some definitions of the various charting indicators I use
RSI - The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. Source - https://www.investopedia.com/terms/r/rsi.asp
SMA (100/200) - A simple moving average (SMA) is an arithmetic moving average calculated by adding recent closing prices and then dividing that by the number of time periods in the calculation average. ... Short-term averages respond quickly to changes in the price of the underlying, while long-term averages are slow to react. Source - https://www.investopedia.com/terms/s/sma.asp
KC - The Keltner Channel is a moving average band indicator whose upper and lower bands adapt to changes in volatility by using the average true range. The Keltner Channel is used to signal possible price breakouts, show trend, and give overbought and oversold readings. Source - https://www.investopedia.com/terms/k/keltnerchannel.asp
OBV - On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. ... He believed that when volume increases sharply without a significant change in the stock's price, the price will eventually jump upward or fall downward. Source - https://www.investopedia.com/terms/o/onbalancevolume.asp
Disclaimer - Yes - at the time of this posting I do have a position in this equity. By posting this I am by no means recommending this equity and am not front running for its preformance. I have risked my own money and am accountable for the trade results.
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