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Rocky’s Weekly Stock Picks

This week we’re tempted to simply recommend throwing darts at anything financial, but that’d be borderline irresponsible.

Because there’s also oil and natural gas!

  1. OPEN - $3.54/share, options trade weekly. Imagine if Robinhood and Redfin had a baby. That’s basically what Opendoor Technology is offering. If you love buying real estate, sight unseen, (and statistics show that you do), then you’re going to love what OPEN has in store for you!

    We’re not totally confident in the share price moving back towards the $6 range, but we’re willing to take on some risk here. Our overpriced FTCH shares have proved to be a fairly stable source of covered call income, after all.

  2. T - $14.00/share, quarterly dividends, options trade weekly. At 7.93% annualized return, and a recent payout on 8/1, now is a great time to add to our holdings at a great price.

    AT&T is all about maintaining a high-yield dividend, and we’re all about averaging down. Win-win.

  3. ET - $12.75/share, quarterly distributions, options trade weekly. Ex-div 8/11. The price won’t stay under $13 forever, and probably won’t get much below $12 (if at all) ever again. Prime time to add.

    Note that Energy Transfer is a PTP (publicly traded partnership). This means you’ll get a K-1, and you may owe tax in states you’ve never been to.

    Lowkey though, if you’re just small-time buying on Robinhood, you can basically just ignore your K-1. (I would never give this as advice to an actual client. But you’re not a client. and I’m not on the clock.)

  4. ACVF - $34.16/share, quarterly distributions. This ETF’s yield is so low we really could care less. It covers the expense, and is a nice cherry on top. We love American Conservative Values, and we love the American Conservative Values Fund.

    We also love putting our money in a place where it’s safe, and grows at a reliably steady pace.

    The price has been moving up a bit faster than we anticipated, which is good, but that means we also need to increase our holdings now to take full advantage of it.

  5. FATBP - $16.35/share, ex-div 8/9, annualized at 12.61%. These preferred shares are our jam, for real.

    Preferred stock, much like PTPs, can vary quite a bit from one to the other, and requires you do some due diligence prior to purchase.

    If you’re like us, you’re going to be looking for cumulative, and a coupon price greater than the current share price (if the shares are redeemable).

    That’s a lot of things to say in a short sentence. Why even mix PTPs in there to begin with? Those only get complicated at tax time.

    This is where we shrug our shoulders and say, “oh well, we’re just amateurs, what do we know?”. Sometimes playing dumb is the smartest move you can make.