Markets just keep inching higher and higher and another week of light trading for me as stocks on my watchlist stayed well outside my buy zones. Until things cool off I am content to just keep adding money to my brokerage and build up some dry powder. Here is my only trade for the week:
- Oil-Dri Corporation of America (ODC) – increased position – For a brief moment on Monday the stock price dropped to the upper end of my buy range and I picked up 6 shares. ODC has grown their dividend for 18 years, a debt to equity ratio of 7% and I nabbed a 3.0% yield.