Weekly Purchases - 11/22/14

Written by MrStockFox. Posted in Weekly Update

maine

Photograph(above):

To add some variety to the website, I am providing photographs from some of my travels.  I took the following photograph just a month ago in Bar Harbor, Maine.

I Bought:

When I first started on this journey of Dividend Growth back at the end of 2013, I only had around $500 in annual dividends mostly from commodity oriented companies. At the beginning of this year I first set out to obtain $2000 in future dividend income by 12-31-14.  In May, I broke that goal very early in the year and revised it to $2400.  Little did I know that I would continue to launching to higher levels with another goal broken in August.  I hit the $2400 and decided to raise it substantially to $3000.  Well yet again this week I accomplished another of my revised goals.  I have broken the $3000 mark with current annual dividends currently set at almost $3100.  At this point I don't plan to revise my 2014 goal.  In a single year of investing I have taken my annual dividends from approx $500 to over $3000.  I need to do some calculations on what I could achieve in 2015, but it will most likely be a goal of $5000.

The following data is comprised over the last 2 weeks.  The reason why I didn't get last weeks purchases out was that I was busy trying to get my hosting account transferred to a cheaper company.  Again I continued to focus on companies with the energy sector.  The average dividend yield from my purchases is 4.7%.

Dividend Income Portfolio (Total increase in income = $176.20)

$480 of IBM (IBM) - This will increase my annual dividends by $13.20

$340 of Occidental (OXY) - This will increase my annual dividends by $11.52

$220 of Crescent Point Energy (CPG) - This will increase my annual dividends by $17.08

$800 of Helmerich & Payne (HP) - This will increase my annual dividends by $27.50

$1530 of BP (BP) - This will increase my annual dividends by $88.80

$300 of BHP Billiton (BBL) - This will increase my annual dividends by $14.88

$39 of Ensco (ESV) - This will increase my annual dividends by $3.00

$5 of Sprott Inc (SPOXF) - This will increase my annual dividends by $.22

Loyal3 Purchases (Total Purchases = $200 )

$200 of Unilever (UL)

I Sold:

If you wish to view all my completed trades, you can find them located here.

ZTS for a total gain of 48% (including dividends)

JNUG for a total gain of 43%

TGT for a total gain of approx. 24% (including dividends) (I only sold off a patial position)

WMT for a total gain of approx. 14% (including dividends) (I only sold off a patial position)

MDLZ for a total gain of approx. 11%

 

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ZTS ( Zoetis Inc ) - Taking Profits

Written by MrStockFox. Posted in Trade Ideas

Today I decided to take profits on ZTS.  I initiated a position in ZTS before the breakout of the large flag pattern back in April around 29 and booked gains of over 45% (including dividends).  With my cash levels below normal, I decided to roll the funds from ZTS into BBL.  With this move I multiplied my dividend income by 5x compared to ZTS

You can find my original write-up here.

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HP (Helmerich & Payne) - New Position

Written by MrStockFox. Posted in Trade Ideas

Earlier in the week I initiated a new position in HP at around 77 level.  I bought this starter position with the idea of hopefully adding to it between 65-70 at the lower support trendline.  Currently HP is oversold on a daily and weekly basis but in could very likely continue lower.  I like to build positions in quality companies when Mr. Market has sold them off and left them for dead.  With the weekly RSI now in oversold territory, this was the perfect time to start a position.  Also building a position here with a P/E ratio of 12 and a dividend yield of 3.5%, I felt, would be a wise move.  HP has also increased its dividends for 42 years straight.

dividend growth rate

About Helmerich & Payne(source Yahoo):

Helmerich & Payne, Inc. primarily operates as a contract drilling company in North and South America. It provides drilling rigs, equipment, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and fixed platforms, tension-leg platforms, and spars in offshore areas. As of November 14, 2013, the company’s fleet included 305 land rigs in the U.S., 29 international land rigs, and 9 offshore platform rigs. Its contract drilling business operates through three reportable segments: U.S. Land, Offshore, and International Land. The U.S. Land segment operates primarily in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Pennsylvania, Ohio, Utah, Arkansas, New Mexico, Montana, North Dakota, West Virginia, and Nevada. The Offshore segment conducts operations in the Gulf of Mexico, and offshore of California and Equatorial Guinea. The International Land segment has operates in Ecuador, Colombia, Argentina, Tunisia, Bahrain, and the United Arab Emirates. The company, through its subsidiaries, is also involved in the ownership, development, and operation of commercial real estate; and the research and development of rotary steerable technology. Its real estate investments include a shopping center containing approximately 441,000 leasable square feet, multi-tenant industrial warehouse properties containing approximately one million leasable square feet, and approximately 210 acres of undeveloped real estate located within Tulsa, Oklahoma. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.

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GDX - A Quick Look at the Miners

Written by MrStockFox. Posted in Trade Ideas

Currently the gold miners are still stuck below overhead resistance area.  In order for a signficant bottom to be in place we need to see the GDX close on a weekly basis above the 20 zone.  Should this happen in the coming weeks, the first target would be around 22.50 and then the downtrend line(also overhread resistance) which would be around 25-26.

I did manage to catch the day of the bottom with a leverage position in JNUG and PVG.  I have since sold those positions for a gain of 43% and 9% respectively.  I still hold longer term core positions in this sector.

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BP - Adding to Position

Written by MrStockFox. Posted in Trade Ideas

Earlier in the week I doubled my position in BP in the low 41 area.  Yes they are going to have to pay many billions of dollars in fines and clean up fees but BP still makes a lot of money.  BP has continued to raises its dividend and has a low P/E ratio of 14.  I like how it is now at a major support level and is retesting the breakout zone from late last year.  I view BP as a buy below 42.  Even if it continues lower I will gladly wait it out with my almost 6% dividend.

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Update of Hosting Move

Written by MrStockFox. Posted in Blog

The switch has been made but some problems still exist. None of the links from the main menu seem to be working.  Hopefully to get this fully resolved today.

thanks

MrStockFox

Update 8:32am...Looks like everything seems to be working correctly.  I will have more time to fully test the site this weekend.  If you happen to see any issues please leave a comment below.


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