M1 :: Account Update :: Nov 1

November 2, 2019
November 2, 2019 Ryan

M1 :: Account Update :: Nov 1

My M1 account is growing nicely with names like ABBV showing real equity strength last week.

A few notes:

  • Although OZK‘s stock hasn’t performed too well, the dividend is strong (over 3%) with 21 years of growth.  I’ll probably add some additional banking exposure over the next few week.
  • ABBV is rocking as value investors pile in on strong earnings and low PE.  ABBV also announced it was increasing its 2020 dividend to $1.18 per share from $1.07 per share (+10%).
  • O has had a very strong year, but I expect a pullback soon (maybe this week’s earnings).  It may offer an good opportunity to add more at a lower entry.
  • HASI is still trending up on a dividend of over 4%.  Earnings looked good last week, as well.
  • STOR hit a 52 week high last week. No reason to sell this position.
  • HON was a recent addition to my portfolio and has enjoyed an end of October move in industrials.
  • Not much to report with XOM.
  • CAH reports next week, so this could change my opinion.  For now, I’m good.

Positions (account opened Sept 13, ’19):

m1_11_2_19

A new addition:

Although this may not seem logical, I added IBM on Friday (will adjust overall M1 position allocation on Monday).  I decided to step in after the recent earnings drop to account for any near-term discounts we’ll likely see.  The daily chart below shows an obvious trendline support level that I expect IBM to hold assuming overall market maintains strength.

IBM Dialy

IBM Daily

Yield

4.78%

Payout Ratio

50.63%

Payout Ratio

50.63%

Div Growth

20 Yrs

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