Sterneck Capital Management, LLC Buys General Electric Co, Annaly Capital Management, Teva Pharmaceutical Industries, Sells Barnes & Noble, CBS, Microsoft

• New Purchases: BCSPRACL, GG, LXU, NKE, RST, BX, ITW, IWD, GNC,
• Added Positions: GE, NLY, TEVA, T, NZF, VIAB, NVG, POT, DRA, WDR,
• Reduced Positions: MSFT, BA, DHT, TLRD, OAK, TRN, WFC, NRE, GSK, STX,
• Sold Out: BKS, CBS, HTZ, GCI, DAL, KR, LQDT, RVT, DX, NRF,

For the details of Sterneck Capital Management, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Sterneck+Capital+Management%2C+LLC

1. Apple Inc (AAPL) - 67,207 shares, 5.26% of the total portfolio. Shares added by 1.28%
2. Verizon Communications Inc (VZ) - 101,481 shares, 3.66% of the total portfolio. Shares added by 2.08%
3. AT&T Inc (T) - 117,042 shares, 3.36% of the total portfolio. Shares added by 67.03%
4. Diversified Real Asset Income Fund of Beneficial I (DRA) - 296,722 shares, 3.12% of the total portfolio. Shares added by 11.21%
5. GlaxoSmithKline PLC (GSK) - 114,816 shares, 2.99% of the total portfolio. Shares reduced by 6.9%

Sterneck Capital Management, LLC initiated holdings in Barclays Bank PLC. The purchase prices were between $25.3 and $26.11, with an estimated average price of $25.59. The stock is now traded at around $25.42. The impact to the portfolio due to this purchase was 0.88%. The holdings were 51,315 shares as of 2016-12-31.

Sterneck Capital Management, LLC initiated holdings in Goldcorp Inc. The purchase prices were between $12.19 and $15.78, with an estimated average price of $13.93. The stock is now traded at around $17.67. The impact to the portfolio due to this purchase was 0.69%. The holdings were 75,051 shares as of 2016-12-31.

Sterneck Capital Management, LLC initiated holdings in LSB Industries Inc. The purchase prices were between $5.03 and $9.61, with an estimated average price of $7.54. The stock is now traded at around $9.69. The impact to the portfolio due to this purchase was 0.69%. The holdings were 121,019 shares as of 2016-12-31.

Sterneck Capital Management, LLC initiated holdings in Nike Inc. The purchase prices were between $49.62 and $52.67, with an estimated average price of $51.3. The stock is now traded at around $56.29. The impact to the portfolio due to this purchase was 0.5%. The holdings were 14,667 shares as of 2016-12-31.

Sterneck Capital Management, LLC initiated holdings in Rosetta Stone Inc. The purchase prices were between $6.82 and $9.07, with an estimated average price of $8.03. The stock is now traded at around $7.73. The impact to the portfolio due to this purchase was 0.39%. The holdings were 65,600 shares as of 2016-12-31.

Sterneck Capital Management, LLC initiated holdings in Blackstone Group LP. The purchase prices were between $23.52 and $29.81, with an estimated average price of $25.95. The stock is now traded at around $30.40. The impact to the portfolio due to this purchase was 0.15%. The holdings were 7,975 shares as of 2016-12-31.

Sterneck Capital Management, LLC added to the holdings in General Electric Co by 286.13%. The purchase prices were between $28.28 and $32.25, with an estimated average price of $30.31. The stock is now traded at around $30.45. The impact to the portfolio due to this purchase was 2.16%. The holdings were 136,588 shares as of 2016-12-31.

Sterneck Capital Management, LLC added to the holdings in Annaly Capital Management Inc by 2390.65%. The purchase prices were between $9.89 and $10.48, with an estimated average price of $10.17. The stock is now traded at around $10.80. The impact to the portfolio due to this purchase was 1.72%. The holdings were 266,500 shares as of 2016-12-31.

Sterneck Capital Management, LLC added to the holdings in Teva Pharmaceutical Industries Ltd by 313.50%. The purchase prices were between $35.03 and $45.68, with an estimated average price of $39.93. The stock is now traded at around $35.81. The impact to the portfolio due to this purchase was 1.38%. The holdings were 74,492 shares as of 2016-12-31.

Sterneck Capital Management, LLC added to the holdings in AT&T Inc by 67.03%. The purchase prices were between $36.13 and $42.73, with an estimated average price of $39.07. The stock is now traded at around $41.25. The impact to the portfolio due to this purchase was 1.35%. The holdings were 117,042 shares as of 2016-12-31.

Sterneck Capital Management, LLC added to the holdings in Nuveen Municipal Credit Income Fund by 153.42%. The purchase prices were between $13.69 and $15.76, with an estimated average price of $14.42. The stock is now traded at around $14.16. The impact to the portfolio due to this purchase was 0.95%. The holdings were 164,753 shares as of 2016-12-31.

Sterneck Capital Management, LLC added to the holdings in Viacom Inc by 30.60%. The purchase prices were between $34.49 and $38.86, with an estimated average price of $36.74. The stock is now traded at around $44.16. The impact to the portfolio due to this purchase was 0.46%. The holdings were 82,921 shares as of 2016-12-31.

Sterneck Capital Management, LLC sold out the holdings in Barnes & Noble Inc. The sale prices were between $9.5 and $13.15, with an estimated average price of $11.47.

Sterneck Capital Management, LLC sold out the holdings in CBS Corp. The sale prices were between $54.93 and $64.85, with an estimated average price of $59.32.

Sterneck Capital Management, LLC sold out the holdings in Hertz Global Holdings Inc. The sale prices were between $21.34 and $39.66, with an estimated average price of $28.8.

Sterneck Capital Management, LLC sold out the holdings in Gannett Co Inc. The sale prices were between $7.47 and $11.87, with an estimated average price of $9.79.

Sterneck Capital Management, LLC sold out the holdings in Delta Air Lines Inc. The sale prices were between $38.94 and $51.78, with an estimated average price of $45.59.

Sterneck Capital Management, LLC sold out the holdings in The Kroger Co. The sale prices were between $28.84 and $35.96, with an estimated average price of $32.61.