|Day Low/High||45.77 / 46.56|
|52 Wk Low/High||33.98 / 52.45|
Shareholders of Timken Co. looking to boost their income beyond the stock's 1.7% annualized dividend yield can sell the January 2016 covered call at the $75 strike and collect the premium based on the $2.90 bid, which annualizes to an additional 2.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 4.4% annualized rate in the scenario where the stock is not called away.
This week we put to work some of our large cash position and added to a variety of names.
A study of analyst recommendations at the major brokerages shows that Timken Co. is the #14 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel.
An active week for the portfolio and the market produced a list of stocks we are watching into earnings.
The market's highfliers were hit hard this week, and this emphasizes the case for diversification.
The portfolio remains positioned for a U.S. economic recovery and a slow upward move globally.
To fund our contribution with the year's profits, we will trim each position in the portfolio.
Financials led the way higher this week, and we see higher interest rates as a healthy sign.
Here's a quick summary of the company's remarks at the BofA Merrill Lynch industrial conference.
We will close our holding in TJX and pare back our holdings in Timken, Honeywell and Cummins.
Here is a quick recap of all of our Action Alerts Options analyses and trades from March 10-14.
Positive trends are emerging in companies' earnings reports, and we will get some important data next week.
Although economic data have been mixed, many companies are giving positive indications.
We're starting a position in Chevron; adding to Google and GM; and taking some profits in Timken.
Over the last few weeks, we have tweaked our sector weightings relative to the S&P 500.
Cramer says Starwood is a great play on China while Stratasys is the best of the 3-D stocks.
We're selling some shares after the recent earnings-triggered pop.
We're sticking with our strategy of being overweight technology, industrials and financials.
We'll be watching the shares and several other holdings as we anticipate a market dip.
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