Tuesday, July 20, 2010

Trade: Added Texas Instruments and WellPoint

The Net Payout Yield Portfolio added Texas Instruments (TXN) and WellPoint (WLP) Both stocks have had huge buybacks in recent quarters providing a big boost to earnings going forward. The annualized yields would be easily over 10% so we used the weakness at the opening to add to positions in both stocks.

TXN was added around $24.20. Position size now 4.6%

WLP was added a round $52.00. Position size now 3.7%.

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