Two more dividend stocks have been added to the portfolio this month...raising the total number of stocks held to 40. A couple of years ago, I lamented that 36 stocks was too many keep track of. I'd like to think that these 40 are easy to own, probably because they represent high-quality investments. We shall see.
BlackRock (BLK)
Positives:
Has some $3.7T (as in trillion) in managed investments. A big fish, one might say.
Outstanding operating (37%) and profit (26%) margins.
Decent revenue (9%) and earnings (10%) growth.
2.6% dividend yield.
Negatives:
Somewhat frighteningly large. See "big fish" comment above.
Canadian National Railway (CNI)
Positives:
Outstanding operating (37%) and profit (25%) margins.
Steady, well-funded 1.7% dividend yield.
Warren Buffett likes trains, no doubt because they are a "moated" business.
Negatives:
Low cash ($0.1B), high debt ($7.6B).
Negative earnings growth (-28%).
Here's my current portfolio (growth, dividend, and speculative). As always, I believe in all of these stocks - until I sell them.
Apple (AAPL) 11.45%
Google (GOOG) 8.80%
Southern Copper (SCCO) 5.83%
Baidu (BIDU) 4.89%
Intuitive Surgical (ISRG) 4.66%
Amazon (AMZN) 4.48%
Ace Limited (ACE) 4.47%
Tesla Motors (TSLA) 4.16%
American Capital Agency (AGNC) 3.90%
Annaly Capital Management (NLY) 3.43%
Blackstone (BX) 2.89%
American Software (AMSWA) 2.75%
Kinder Morgan Energy Partners (KMP) 2.42%
McDonald's (MCD) 2.26%
Vodafone (VOD) 2.07%
Prospect Capital (PSEC) 2.06%
Intel (INTC) 2.00%
DuPont (DD) 1.93%
Apache (APA) 1.91%
Under Armour (UA) 1.87%
Nike (NKE) 1.64%
BreitBurn Energy Partners (BBEP) 1.50%
Ansys (ANSS) 1.47%
Coca-Cola (KO) 1.47%
American Express (AXP) 1.46%
ConocoPhillips (COP) 1.43%
3D Systems (DDD) 1.43%
International Business Machines (IBM) 1.42%
China Mobile (CHL) 1.33%
Computer Programs and Systems (CPSI) 1.30%
Microsoft (MSFT) 1.28%
Wells Fargo (WFC) 1.27%
Canadian National Railway (CNI) 1.26%
BlackRock (BLK) 1.26%
F5 Networks (FFIV) 1.05%
The Distressed (BEBE, GSOL, LZB, MSI, TMUS) 0.85%
