June 2018 Stock Considerations

As we approach a new month it is time, once again, to outline my potential stock buys for June. Not to sound cliché, but where has the time gone? Are we really approaching the half way point of 2018 in one month? I guess so and I can take solace in the fact that I have remained invested in this crazy market with all its wild gyrations while steadily collecting my dividend income. No need to panic even though at times the market did look quite scary in May. Being a long term dividend growth investor really tests your mettle and I know that no matter what happens I will not be shaken out of my stocks. With that being said let’s take a look at my potential stock buys for the month of June.

Looking forward to June my plan is to stick with the beaten staples once again as I did in May. Last month I picked up shares in The Clorox Company (CLX) and PepsiCo, Inc. (PEP) and seeing both yield well over 3% each stock continues to entice me in June. Also in the staples space I am looking at adding to my The Procter & Gamble Company (PG) with a historically high yield close to 4%. A lot of quality companies are on sale and nibbling on these safe yields while they are still high seem like a good long term bet for those willing to ride out any near and mid term pain. In the same sector I am also considering severely beaten General Mills, Inc. (GIS). While I’m not a yield chaser per se you have to admit that seeing some of these stalwart companies sporting juicy dividends because of lower share prices is too hard to ignore.

Finally, I am considering one stock in the biotech space that is a very small holding in my portfolio, Gilead Sciences, Inc. (GILD). While the biotech space can be a lot more volatile than some “boring” staples or utility play it can offer some huge potential gains all the while paying you to wait with a generous dividend.

Disclosure:  Long CLX, PEP, PG, GIS GILD.

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