Everything is bullish this morning – not sure why?
- Bloomberg – U.S. Stocks Approach Record High, Crude Surges
Here are the equities that make the “stocks to own” screen this week:
| Ticker | Price | Fair Value | Margin of Safety | Yield % |
| AMGN | $145.38 | $194.00 | $48.62 | 2.8% |
| MMP | $68.51 | $76.00 | $7.49 | 4.8% |
| WMT | $68.63 | $76.00 | $7.37 | 2.9% |
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.
I am not putting new money to work at these levels – Shiller PE is now over 27 – suggesting serious overvaluation in the market. Still pays to keep your watchlist up to date – so you can be ready when the market corrects.
Extra – If you missed it – another funny opening skit from SNL:
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