Watchlist Update – Stocks to Own Screen

Markets are going crazy to the upside today:

• Bloomberg – Stocks Surge With Pound, Treasuries Drop as Brexit Concern Fades

In an already over inflated equity market – that does not leave many trade options.  You may ask why I don’t short stocks I think are overvalued?  Simple, they can become much more overvalued before they fall.  Much easier to practice patience.

• If you are interested, suggest you review my approach to investing.

For my Stocks to Own screen – same two picks as last week:

Click on the links to research further.

Results are based on the following screen:

1. Low fair value uncertainty.
2. Wide moat.
3. Morningstar rating 4 or more stars.
4. Financial Health Grade >= B.
5. Current P/E <= 20.