If the Market keeps this pace – I will be off loading some additional equity holdings next week – time to take some profits. I don’t foresee a crash coming – but valuations at these levels have only occurred twice in US History:
Valuations are already higher than they were going into the Financial crisis of 2007–2008.
I would not short this market – it could go much higher on Trump Euphoria – but I also would not put new money to work at these levels.
Here are this weeks results from the Dividend Millionaire Stock Screen:
| Ticker | Price | Fair Value | Margin of Safety | Yield % |
| NVO | $35.46 | $39.00 | $3.54 | 4.0% |
Click on the links to research further.
I missed the boat for making a trade for Novo Nordisk (NVO), it needs to drop below $30 for me to be interested at this point. I need to be quicker on the trade going forward – missing out on too many opportunities.
Dividend Millionaire stock picks are based on the following screen:
- Morningstar analysis available.
- Dividend Yield % > = 4.
- Dividend Growth % Past 5 Years > = 10.
- Payout Ratio Trailing 12 Months < 75
- Morningstar rating 4 or more stars.
- Financial Health Grade >= B.
- Stock Industry not = Asset Management
- Forward P/E <= 20.
Extra: It’s been a long week – need some good music for the week-end:
https://www.youtube.com/watch?v=hx8LrtNHa1M
Leave a Reply