Investors moving to defensive positions in value and/or dividend paying stocks has really pushed valuations up making me cautious about pouring money into the market. But there is always a bargain somewhere right? Here are my trades for the week:
- Leggett and Platt (LEG) – increased position – Since being bumped out of the S&P 500 index its share price has leveled out in the low $40 range. Decided to use this months Roth IRA contribution to add more shares. Grabbed 14 shares @ $41.32 and a 4.07% yield.