Rocky’s Weekly Stock Picks

This week we saw a drop in tech stocks, and on Friday a huge drop in FTCH share price, triggering put assignments for our portfolio.

Joke’s on them. $6/share is a lot less than the $32/share we were averaging. Current price is about $2.60.

We expect some kind of bounce back on Monday morning, which would play nicely into selling covered calls.

Also, Energy Transfer is buying Crestwood Equity. So if you like CEQP and ET (and we know you do), you’re going to really love them by this time next year.

1. AIF - $12.95/share, ex-div 8/23, distributions monthly. From looking at the price history, we’re not completely sure this is a great fund to go all-in on. We also have a conspiracy theory that this will bubble right before a sharp “crash”.
   
   In any case, the fund is paying roughly $0.12/share per month. But that’s not even why we like this one.
   
   The Apollo Tactical Income fund has a kick-ass name. That’s really all that matters.
   
   

2. FAX - $2.60/share, ex-div 8/23, distributions monthly at $0.0275/share. This fun ticker symbol refers to the Aberdeen Asia-Pacific Income Fund. We like their Japan fund, so why not make it a thing to get Asian exposure through Aberdeen?
   
   We really need to get a new fax machine. That would make us better investors.
   
   

3. TRMD - $26.94/share, ex-div 8/25, $1.50 dividend for this quarter. This is a UK shipping company that owns its vessels and transports primarily refined oil products.
   
   Shipping stocks tend to be harsh and cruel, and we may see a stark drop back to the price it was at two years ago before long.
   
   All the same, we expect the company itself to be around for quite some time. And as for oil? Well, let’s not kid ourselves - oil makes the world go ‘round!

4. USOI - $79.70/share, ex-div 8/21. The monthly distribution varies quite a bit, and we are missing out this month. Under $80 is a nice price, though, that’s for sure. This actually a leveraged, covered call ETN from Credit Suisse.
   
   Oil? Leveraged? Covered calls? Yes, please!

5. WHR - $135.15/share, ex-div 8/24, options trade weekly. Dividend of $1.75 this quarter.

   Whirlpool is basically a blue chip, and even just a few shares will be worth the price tag.