It was quite clear to us that there was a sell-off in many dividend paying stocks on Friday, with a new focus on growth stocks. The growth areas were led by financials, like Bank of America (BAC) and other large banks, since the Fed has basically given them an unlimited check book to use funds at ridiculously low interest rates, and have a wide enough spread to make money on virtually anything they desire.
Our portfolio now consists of Exxon Mobil (XOM), Johnson & Johnson (JNJ), AT&T (T), General Electric (GE), Annaly Capital (NLY), Southern Company (SO), Procter & Gamble (PG), Intel (INTC), Realty Income (O), Coca-Cola (KO), Bank of America, American Capital Agency (AGNC), Wal-Mart (WMT), Cisco (CSCO), 3M Company (MMM) and Bristol-Myers Squibb (BMY).
Source: Seeking Alpha
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Posted by D4L | Saturday, September 22, 2012 | ArticleLinks | 0 comments »________________________________________________________________
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