If stocks keep melting up, I might suspend picking stocks for a while. Shiller PE is fast approaching 27 again – very expensive equity market.
Unfortunately, markets across the Globe are trading on Central Bank news at this point, so fundamentals really don’t matter:
Here is what is left on my watchlist:
Ticker | Price | Fair Value | Margin of Safety | Yield % |
AMGN | $173.21 | $194.00 | $20.79 | 2.2% |
MMP | $68.34 | $76.00 | $7.66 | 4.7% |
Click on the links to research further.
Results are based on the following screen:
- Low fair value uncertainty.
- Wide moat.
- Morningstar rating 4 or more stars.
- Financial Health Grade >= B.
- Current P/E <= 20.
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