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Outlook for May 2014
Posted by: Roadmap2Retire (IP Logged)
Date: May 1, 2014 11:44AM
That's another month of see-sawing activity, but the market remains fairly resilient, closing at an all-time high, even though we saw some corrections in the pharma, tech and solar sector. I am still sitting tight on the sidelines hoping for a better entry point which May traditionally provides, with the sell-in-may-and-go-away mentality. On the Fed front, the bond purchases are cut by another $10 billion in May to a total of $45 billion per month.
Johnson & Johnson (JNJ) is a behemoth in the health care and consumer goods sectors. The double play on the two sectors makes this a great pick. JNJ is a dividend champion that has been raising dividends (JNJ announced a 6.1% dividend raise in April) consecutively for 52 years; has 5-year DGR of 7.6% and a 10-year DGR of 10.8%.
Medtronic Inc. (MDT) manufactures and sells device-based medical therapies worldwide. Medtronic is a dividend champion that has been raising dividends for 36 years, and has a 5-year DGR of 11.6% and 10-year DGR of 14.9%. The recent injunction against its CoreValve device has seen some weakness in the stock price, but MDT was able to appeal and meanwhile still able to sell the device.
Qualcomm (QCOM) designs, develops, manufactures and markets digital communications products and services based on CDMA, OFDMA and other technologies. QCOM is the leader in ARM-based processors which are found in the bulk of Windows, BlackBerry and Android devices. QCOM has been raising dividends for 12 years and has a five-year DGR of 16.95%. Click here to read my full analysis of QCOM.
Rogers Communications Inc. (RCI.B.TO) is the largest wireless service provider in Canada and is growing its business segments in cable and media aggressively. Rogers has been growing dividends for 10 years and has a five-year DGR of 11.13%. Click here to read about my analysis of the telecom providers in Canada.
Monthly Contributions: Every month, I add to my positions in the following stock and funds:
I am also considering various stocks that are not currently in my portfolio, but the current high valuations do not provide many options. I am also looking closely at the following sectors as I am under-invested and need better diversification: Industrials and Services.
What are your thoughts on the stocks mentioned here? Do you own them or are they on your watchlist?
Disclosure: My full list of holdings are available here.
Stocks Discussed: JNJ, MDT, RCI, QCOM, BNS, GE, UTX, ITW, PH, CNI, NSC, WTR, PG,
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