I'm going to make a change to the way I'm doing these stock watchlist updates. Instead of doing a monthly post where I highlight three stocks that I'm keeping an eye on, I'm instead going to work with an ongoing stock watchlist.
I will add stocks to this watchlist whenever I think they are undervalued and remove them when I no longer have an interest in them. This way, there could be more than three stocks on this at any time, and they could be on the list for more than one month.
Whenever I make a change to the stock watchlist, I will make a post about that. This blogpost you are reading right now is the first.
AT&T (T) is the first addition of my new stock watchlist. My entry point on AT&T was $40.81 per share. It dropped to $35.70 last week, which could be a very nice price point to pick up some additional shares.
CVS Health (CVS) also seems very attractively price at the moment. They have been trading around $80 since I first initiated my position about a year ago. However, the stock price dropped quite a bit in the last week and now sits at $72.60. This brings their yield up to 2.75%, which is much higher than CVS's average yield of the last decade.
No companies have been removed from the watchlist.
What do you think? Do you like these companies? Do you like the way I'm doing the stock watchlist now? Would love to hear your opinion. Feel free to leave a comment below! :)
Thanks for reading.
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