Rocky’s Weekly Stock Picks
This week's picks are a day late, but not a dollar short. Except for PDI, it's too late to buy in.
To address our erroneous picks on UEC, we would put forth that our picks were, in fact, correct choices. All of our picks, regardless of the play, involve stocks that we are comfortable owning (except where otherwise noted). With Uranium Energy, we most definitely want to hold long positions.
Speaking of Energy...
1. ET - Energy Transfer, $8.23 a share. The dividend is mediocre, but weekly call options of an equally mediocre nature can add up to a nice, reliable gain. Under $10 is a definite buy, here.
There also appears to have been a notice sent out to shareholders of ENBL that a marger or acquisition, something like that, has happened and shares of ENBL are being converted to ET, 0.9 : 1 . Will an increased share volume keep the price suppressed? Will the new assets propel ET to a new ATH? You'll have to buy ET to find out!
More than likely, nothing appreciable will happen as far as we're concerned.
2. SYY - Sysco is a frequent pick for us, and with good reason. We feel that any price under $80 is a buy, and we just picked up some for $69! The price is coming back, already at $73 after-close Monday night. The dividend isn't spectacular, but the ex-div is just one month away, 1/6/2022.
Options trade weekly, but that might be outside of our budget if we haven't been steadily adding shares throughout the past year. Credit spreads and calendars, however, are probably within easy reach.
3. CTO - $55.42 a share. 7.28% annual dividend yield, ex-div on 12/8/2021 for $1.00. I don't know if this qualifies as a REIT, since the most research I did was the company profile. It appears that they own and manage commercial real estate.
4. GOGL - This is more affordable, and the company is involved in shipping mass quantities of raw materials that we need for stuff. At $9.47 a share, and an $0.85 dividend, this feels like a better acquisition. Surprise! It is! Ex-div is also on 12/8, and Nasdaq shows an annual return of 21.79%!
Okay, that would normally be a red flag. Looking at the history we see that the dividend correlates to share price, and in 5-cent increments at that. We aren't anticipating that next quarter is quite as high.
5. SBLK - $22.69 a share, ex-div on 12/9. $1.25 dividend. This company appears similar to Golden Ocean, wherein they are transporting industrial staples over the ocean. We aren't specifically planning on a continuing $1.25, and may try to liquidate our shares shortly after the ex-dividend date.
