Week started nicely with Microsoft (MSFT) issuing a 10.7% raise.
Markets continued on their slow journey of going down and wall street experts are declaring we are experiencing a rolling correction (a correction of one sector at a time) and I agree as quite few stocks are more than 10% off their 52 week high which is creating some buying opportunities. Here are my trades for the week:
- Lockheed Martin (LMT) – increased position – Every week the price gets better. Grabbed 1 share @ $346.84 and 1 share @ $342.90 for a 2.97% yield.
- Leggett and Platt (LEG) – increased position – When it drops below $47/share I’ll nibble. Grabbed 4 shares @ $46.60 for a 3.61% yield.
- Merck (MRK) – increased position – Not sure how long this will stay in the low 70s. Grabbed 2 shares @ $72.22 and a 3.60% yield.
- Unilever (UL) – increased position – Selling pressure from state pension funds over Ben N Jerrys keeping the stock price down. Grabbed 3 shares @ $54.53 and 3 shares @ $54.01 and a 3.70% yield
- AbbVie (ABBV) – increased position – Keep adding to this 1 share at a time. Grabbed 1 share @ $107.19 and a 4.85% yield.
- Verizon (VZ) – increased position – Working on getting this to a triple digit payout in the 2nd month of a quarter so every share helps and still a ways to go. Grabbed 3 shares @ $54.28 and a 4.72% yield.