Articles About Monthly Picks Reviewed

Last month we screened for strong dividend paying stocks that are poised for growth and narrowed it down to 3 picks. I added to positions last month in all three positions. Here we will review how those stocks did in the month of October and how good our screener and our charting analysis was. Click here to read that article.

The stock screener gave us a list of 19 stocks which I narrowed down to 3 based off of the attractiveness of the chart and my general comfort with understanding the company. We picked Cardinal Health (CAH), Altria Group (MO), and Lockheed Martin (LMT) for the month of November 2021.

From the date the article was published through to the end of November 2021, the picks averaged a decrease of -2.11%. The three stocks averaged an increase of 0.61% before the Omicron variant news which flushed the market at the end of the month, so this review is very much skewed. Let’s review each stock and see how well our approach went.

Cardinal Health (CAH)

CAH went down 3.3% since the start of the month when I selected it as a stock pick. Currently, my position in CAH is down 3.27%, almost identical to the month’s loss. I am down 4.25% on it. CAH broke out of the trend and pushed close to the $52 area as I had called out at the start of the month. However, after the price didn’t push to $52, it declined back below it’s support level $47.50 and made a new 52-week low.

Yikes! Though no one likes a 52-week low, the decrease that we saw was exactly what I had warned about in my watchlist. CAH is still a strong healthcare company and a great hold. It would have been a great add to buy at the new low if you caught it.

Altria (MO)

Altria took the biggest hit this month with a decrease of 3.33%. Currently, my MO position is down 3.48%. I had purchased some MO shares before it hit my watchlist, so I’ve been holding at a higher cost before it was put into my watchlist. This month, MO continued its downward momentum following its 10% dip last month from a bad earnings report reception. MO dipped to $42.50 before bouncing, right around the support area that I had called out and recommended waiting for.

Lockheed Martin (LMT)

LMT was our best play this month with a gain of 0.30%. My LMT position is down 0.8%, I had purchased LMT share prior to this stock getting on the watchlist. Last month, LMT had a huge dip following an earnings report which I saw as a great buying opportunity. My position was up as much as 3% in the month before the Omicron news. The bottom at $327 that I had called out worked out very well and it pushed higher than the upside of $332 that I had estimated. At its highest, LMT hit $347! However, following the Omicron news, LMT has gone back down to the $330 support area, so it is still in a good buy zone in my opinion.

Conclusion

Overall, the plays mostly worked as planned! But the market towards the end of the month decided it had other plans! So far, my chart analysis for the monthly picks have been pretty accurate! May I should day trade these plays? JUST KIDDING. I would never. All these stocks are long term buy and holds for the purposes of building passive income. We will keep at it and find more good picks for next month. Look for that article later this weekend.

Last month we screened for strong dividend paying stocks that are poised for growth and narrowed it down to 6 picks. I added to positions last month in all six. Here we will review how those stocks did in the month of October and how good our screener and our charting analysis was. Click here to read that article.

The stock screener gave us a list of 15 stocks which I narrowed down to 6 based off of the attractiveness of the chart and my general comfort with understanding the company. We picked AT&T (T), Amgen (AMGN), 3M (MMM), Walgreens Boots Alliance (WBA), Realty Income (O), and Coca-Cola Co (KO) for the month of October 2021.

From the date the article was published through to the end of October 2021, the picks averaged an increase of 1.08%. Realty Income (O) had the greatest increase of 6.58% and AT&T (T) had the greatest decrease of 5.64%. (Also, keep in mind I had not released my stock picks for the month until the 9th of the month, so I’m hoping with doing this for a full month now, the picks for November will have more time to play out.) Let’s review each stock and see how well our approach went.

AT&T (T)

AT&T was the big loser this month. I am down 4.25% on it. T was coming to a long-term support area around $26.75. It broke that support this month and is currently priced at $25.26. The prediction didn’t play out as planned, however if you waited for a bounce as recommended, you’d still be set up and ready to pull trigger on cheaper shares. I see another support are at $24, will watch closely to see if it holds or breaks yet again.

Amgen (AMGN)

Amgen was a small loss for me at 0.34% but could have been a 4% winner for the month if you caught the dip down to $201. AMGN was sitting at a support level for the third time since the pandemic. It dipped to just above $200 and bounced a little bit where it is still sitting at that support with a current price of $206.97. So not much has changed with the setup of this position except for the fact that it was slightly cheaper for a little bit this month. If it continues to break lower it has two support zones at just under $200 and ~$185.

3M (MMM)

3M was a good play, but those earnings messed it up a little. I am up 0.83% on it. MMM has been in a down trend for the past 5 months. At the time of the post, it had a strong week which made it look like the downtrend was losing steam. MMM did go up a little bit, all the way to $184 before coming back down after an earnings report. Gaps up to the $185 area and then the $195 area are still possible, just waiting for confirmation if this downtrend is finished yet or not.

Walgreens Boots Alliance (WBA)

Walgreens was a fun one this week. I ended down 2% on it but at one point it was up 10%. WBA had been in a short term down trend for about a month. Price had pushed the upper limit of the downtrend and also was sitting on a strong support line, it looked primed for a breakout. It broke that trend with strong price movement up after a news headline on 10/14. The news, though it was good news, messed up the price action. I would have preferred the stock to make the break above naturally, but the news forced the play it didn’t have steam. It nearly hit $52 which was the upside level I had called out, but since then it has come back to its price before the breakout.

Realty Income (O)

Realty Income was the star this month with a 6.5% gain. O has stayed within a wide upward trending channel for the last year. Last month shares climbed to the top of the channel and bounced back down slightly in the last couple of days. A breakout would have been awesome, but a rejection has its benefits too. O remains strong and if it comes back down to the bottom of the channel it could be great time to pick up some more.

Coca-Cola (KO)

Coca-Cola did great with a gain of 4.2% since the post. KO broke through the resistance area around $54 and then proceeded to hit the upside that I had called out at +$56. Would love to see this strength continue to push YTD highs above $57.

That’s it for the review! I hope you enjoyed the read and the picks from last month. We are ready to do it again for November. Let’s keep catching us some good dividend growth stocks and build out our portfolio. Each stock bought is one step closer to reliable passive income!

Thank you for reading, and take care.