Earnings season is in full-swing, and all three of our new portfolio additions (HT, EAT, HST) have earnings reports coming up soon. One way to minimize or neutralize the impact of a negative earnings report is to purchase put options.
We are adding three stocks to this weeks portfolio: NWL, HOG, and GIS. Mercer International (MERC) and Brinker International (EAT) both violated 10% trailing stops.
Our top two performers, Olin Corp. (OLN) and Kinder Morgan (KMI), both gained 2.59% for the week. Other positive standouts were traditionally defensive dividend-payers Verizon Communications (VZ +2.07%) and American Electric Power (AEP +1.41%)
Our best performance came from a defensive stock, J.M. Smucker (SJM +2.72%). The worst performer, Mitsubishi Corp. (MSBHY -5.55%), violated a 10% trailing stop and has been removed from this week’s portfolio.
The stocks in last Friday’s Forbes Dividend Investor model portfolio gained an average of 3.96% for the week, the biggest advance of 2019. All of our stocks gained ground, with the top performers led by Air Products and Chemicals (APD +9.56%)
There is a $0.3375 per share dividend to be earned if you own the shares through the close of trading today.
Stocks are on a four-week losing streak, with the S&P 500 Index and Dow Jones Industrial Average both down 6.4% for the month, and the Russell 2000 Small Cap Index and Nasdaq Composite both lower by 7.9%.
The best weekly performer again was Steel Dynamics (STLD +4.39%), followed by Air Products and Chemicals (APD +2.43%), Host Hotels & Resorts (HST +1.39%), and Tapestry (TPR +1.28%).
The 21 stocks in last Friday’s Forbes Dividend Investor model portfolio gained an average of 2.33% for the week. The strongest performance came from Steel Dynamics (STLD +10.33%).
Stocks in the Forbes Dividend Investor portfolio gained an average of 0.26% for the week. The top performers were General Mills (GIS +3.09%), Patterson Companies (PDCO +2.94%), LTC Properties (LTC +2.19%), Brixmor Property Group (BRX +2.08%), and newly-added Steel Dynamics (STLD +1.93%).
The best weekly performer was Steel Dynamics (STLD +4.52%) which benefited from rising steel prices. The stock is up 22.3% since its addition to the portfolio last month on June 7. Steel Dynamics reports earnings on Monday after the close.
The best weekly performance came from college housing REIT American Campus Communities (ACC +2.58%), followed by midstream master limited partnership Phillips 66 Partners, L.P. (PSXP +1.77%), nursing home REIT LTC Properties (LTC +1.70%), and Harley-Davidson (HOG +1.69%).
Stocks in last Friday’s Forbes Dividend Investor model portfolio gained 1.20% on average this week. J.M. Smucker (SJM +3.73%) was the best weekly performer, followed by Brixmor Property Group (BRX +3.31%), General Mills (GIS +3.16%), and American Campus Communities (ACC +3.12%).