Remember next Tuesday Sept. 10, at 7:30PM is the monthly Investment Idea Sharing
meeting at my house.
The Dow Jones 30 Industrials stock market index
has been staying around 15,000 since May 7. See the Dow chart here: http://finance.yahoo.com/echarts?s=%5EDJI+Interactive#symbol=%5Edji;range=1y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
I am still expecting a 15% drop in the world
markets. But, I cannot predict when, so while
I wait, I continue to look for companies with good fundamental financial values
that are near their 52 week lows. My
goal is to buy good companies whenever they are down.
I found an investment advice and stock
screening website called VectorVest http://www.vectorvest.com/
that is running a promotion
to get new subscribers. They will send
you, for free, up to 9 detailed analyses for individual stocks of your
choice. Their analysis tells if the
stock is a Buy, Hold or Sell, and provides a lot of data about the company
financials. Their annual subscription costs $120 per year, so I am not ready to
pay for a full subscription, but I did send for one of their reports on Canon
(CAJ) to see if it would be helpful to make my buy decision. The report was very good and I am going to
use my remaining 8 free reports as a second opinion as I find more stocks I
want to buy. CAJ almost made a new 52
week low last week, I did not buy, and this week they were back up 4.3%. Here is the link for the free stock analysis
from VectorVest http://www.vectorvest.com/stockanalysis/.
StockEvaluator “Short List” shows only
companies that are within 5% of their 52 week low AND have less than 5 Red
cells. This week 10 companies are on the
short list. I researched two of them.
CAJ is Canon, the copier and camera
company. CAJ most recent quarter
(6/30/2013) revenues were up 7.5% but earnings were down. At $31.19 CAJ is near their price on April
20, 2009, but still above their 2009 absolute low of $22.05 on March 2, 2009. Current P/E is 13, dividend is zero, but their other financials
look good. The market does not like the
fact that Canon’s camera business is being eroded by all the camera phones
being sold. Here is a good article
explaining this http://seekingalpha.com/article/1657162-look-to-canon-for-an-excellent-yield-and-upside?source=yahoo I am watching CAJ to see if it will go any lower.
SSI is Stage Stores, an off-price department
store similar to Ross (ROST). SSI was
down this week because they missed Wall Street’s quarterly expectations. SSI sales were only up 4%, Profits up 11%,
full year revenue forecast was lowered to only 1%. But Wall Street was expecting more. At $19.19 / share, SSI is still way above
their 2 year low of $11.22, and P/E is high at 20, but their financials all
look good and they pay a 2.2% dividend. I
am watching to see if they will go any lower.
Volatility” sort shows only companies that
have: Average Daily Price Volatility >3% ;
Within 5% of their 52 week low ; Less than 6
Red cells and Profit >0%. This week’s
list has 3 companies, MDC, HDSN, SFY.
None of these look good to me.
MutualFundEvaluator
“Short List” shows funds that are within 3% of their 52 week low AND have less
than 3 Red cells. This week’s list has 42
funds. They are all Bond funds, which
are continuing to go down in anticipation of The FED raising interest rates. I am going to wait on making any bond fund
buys in hopes they can go even lower.
You can download all these specially sorted
spreadsheets at www.UltimateStockFinder.com
Next Monthly Meeting 2nd Tuesday of every Month:
Tuesday, September 10, 2013 , 7:30 PM at my
house.
Here are my Stock BUYs for Last Week:
Buy Company Buy
Date Bought Price
Target Sell
----- --------- ----- ------------
none
Here are my Stock SELLs for Last Week:
Sell Company Sell Buy
Buy
Date
Sold
Price Price Date
----- --------- ------- ------- ------------
none
Here are my Option (CALL or PUT) Sells for Last Week:
I only do Covered CALLs or Cash Secured PUTs
Option
Sell Stock
Strike Expiration Option
Type
Date Symbol Price Date
Price
------
------ -------- ------ ---------- --------
None
StockEvaluator and Mutual FundEvaluator spreadsheets are available
for download at www.ultimatestockfinder.com
Remember to send me any other stocks or
mutual funds that you would like to see added to the Evaluator
spreadsheets, and any other investing ideas, information or questions that
you want to share.
Thanks,
John D.
Disclosure: The author has no positions in any of the
stocks or mutual funds mentioned in this article unless clearly stated above. We
certify that except as cited herein, this is our work product. We received no
compensation or other inducement from any party to produce this article. Please see our disclaimer at the bottom of
this email.
______________________________________________
Visit Our Website UltimateStockFinder.com for More Investing Ideas:
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Run the various Ctrl-_ sort commands in StockEvaluator and
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Screener for New 52 week lows
Screener for Good Fundamental Values
Screener for Stocks with High Volatility
Links that show current P/E values for the major
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