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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Update on Hosting Company Switch

Written by MrStockFox. Posted in Blog

It has been taking me longer to make tthe switch than I originally expected but I should be pointing the DNS to the new servers tonight.  If no major issues show up, the website should display like normal tomorrow.  I will be switching things over at around 8pm central so please excuse any website issues around that time.


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