What an amazingly resilient market. It’s as if it were performing a levitation act. Let it. We always wait for it to come to us, and it always does. In time.
While we wait, we conduct regular database searches for only the very best of the safe-dividend growing companies. They’re always large. They always have a good-looking EPS picture, and they always have safe-dividend payouts that get raised by the company each year at a rate that results in the rapid growth of our dividend income. The other side benefit, seems to also be that they tend to outperform the S&P 500 Index for price gain, too.
Wednesday afternoon’s search yielded these 23 gems. JKHY, NKE, ROST, TJX, EFX, HRL, HD, UNH, AOS, LOW, EL, SYK, COST, NOC, STZ, TSCO, SBUX, LMT, RAI, FDS, NDAQ, DG and CVS.
Recent market action has been a little rough on our stocks, but we still find strength in these few: UNH, AOS, COST, NOC, LMT, FDS, NDAQ and DG.
I’ll update the timer Thursday morning. Risk has been coming off, but it would need considerably more time before I would get a signal out of my technical measures of market risk.
World markets have either closed up, or are trading up now, as of 6:00 am EST. However, that has not translated over to our own index futures, as they’ve barely moved, and are mixed.
Here’s to your successful investing!
Harold F Crowell