Althoug it's still a few weeks until I get my salary, I already have some stocks I'm following for a potential buy. Below you will find some stocks that I'm following.
Cisco Systems (CSCO): I first initiated a small position of 45 shares when they were trading at $34.28. The stock has since fallen to $31.52. With a yield of 3.68% and a P/E of 14.7 the stock seems attractively priced.
Starbucks (SBUX): This is a company that I would like to have in my portfolio. Some diversification to the restaurant sector would be nice. However, Starbucks seemed really overvalued the last few months, trading at a rather high P/E. With the recent price decline of 9.24% this could potentially create a small window of opportunity to pick up some shares.
International Business Machines (IBM): IBM currently undergoes a rather difficult transition in it's business model, causing it's share price to be relatively low and trading at a P/E of 10.5. However, I like where the company is going and with a yield of 4.16% this could be a very nice opportunity to pick up some additional shares.
Honorable Mention: AT&T (T): My entry point on AT&T was $40.81 per share. It dropped to 36ish the last few weeks, which would have been a nice price point to pick up some additional shares. Unfortunately(?), the recent earnings report send the stock gaining momentum. The stock now trades at $39.00 again.
What about you? Do you have some of these stocks on your watch list as well? Or maybe something else? Let me know in the comments! :)
Thanks for reading.
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