|Day Low/High||22.58 / 22.82|
|52 Wk Low/High||17.70 / 23.78|
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. PetMed Express Inc presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
We'll book our solid gain in PETS and use the proceeds plus other cash to establish a position in the social media giant.
We took advantage of weakness in 2 key names this week to scale deeper into those positions.
We took advantage of weakness in 2 key names to scale deeper into those positions as the Trump Trade continued.
As the market rallied off a surprising victory by Donald Trump, we added to two positions.
We exited one position and initiated another as market uncertainty swirled ahead of the presidential election.
Looking at the universe of stocks we cover at Dividend Channel, on 11/3/16, PetMed Express Inc will trade ex-dividend, for its quarterly dividend of $0.19, payable on 11/18/16. As a percentage of PETS's recent stock price of $19.87, this dividend works out to approximately 0.96%, so look for shares of PetMed Express Inc to trade 0.96% lower — all else being equal — when PETS shares open for trading on 11/3/16.
We exited 2 positions this rapid-fire week of earnings as both stocks fell below technical support levels.
With 7 positions set to report this week, we purposely stayed on the sidelines over the last few days.
Given the number of portfolio positions set to report next week, we purposely stayed on the sidelines over the last few days.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in PetMed Express Inc , where a total of 711 contracts have traded so far, representing approximately 71,100 underlying shares. That amounts to about 47.5% of PETS's average daily trading volume over the past month of 149,835 shares.
Upcoming earnings could be the catalyst for a PETS move higher.
While we didn't add any new names this week, we did use recent weakness in AT&T shares to build that position further.
An analysis of the data and what it means for the portfolio.
In the first week of the fourth quarter we continued our strategy of using stock-specific weakness to grow positions while improving our cost basis by adding to 2 names.
As we close out September and the third quarter we have ample 'fire power' to continue improving the cost basis of current holdings and initiate new positions.
The model portfolio had a number of strong performers this week as the market welcomed the Fed's lack of action with open arms.
Most of the portfolio got caught in this week's downdraft, though we used weakness to add to our position in Sherwin-Williams.
We added no positions this week, although we scaled up our position sizes in both Costco Wholesale and United Parcel Service.
We eliminated our position in Fortive but bulked up our stakes in recent newbies Sherwin-Williams and Whirlpool and added Nike to the portfolio.
The bull flag is ideal for those who want to increase their position.