We did not make any trades for the model portfolio this week amid the market volatility.
The stock was little changed in 2014, but pays a solid 3.3% dividend yield.
Leading telecom service provider AT&T has lost 5% in 2014, closing Thursday at $33.51, but offers an attractive 5.5% dividend yield.
More analysis on why I am a fan of the telecom company.
GE and Pfizer boosted their payouts and AT&T could before the end of the year.
Lockheed offers investors growth in addition to income.
We believe the stock can move up toward the mid-single digits in the New Year.
We did not make any trades in the model portfolio this week, but will consider adding to some of our One-rated names on the next market pullback.
We believe Whiting's acquisition makes strategic sense for both companies and we have updated our model portfolio.
Market players digested a lot of positive economic reports this week, and we booked some profits in one model portfolio position.