Stocks For Your Buy List

Regular readers know I am running a series of screens to isolate securities that may be researched and included on a “buy” list when individuals speculate that a market bottom is at hand. Knowing that market timing is, at best, a hopeful guess, the stocks I list do not come with any elaborate raging buy scenarios. The list is intended only as a point of reference.

Today I screened the following: Stocks with a market cap of at least $10b, listed on the NYSE, a Standard and Poor’s Rating of 4-Stars or 5-Stars and a dividend yield of 6% or higher as of the close Wednesday. Eleven stocks made the list:

MO (MO) - Altria yielding 6.55%
BBV (BBV) - Banco Bilbao Vizcaya Argentaria ADR 6.63%
BMY (BMY) - Bristol Myers Squibb 6.63%
FTE (FTE) - France Telecom ADR 10.62%
INGA.AS (INGA.AS) - ING Groep ADR 11.52%
KMP (KMP) - Kinder Morgan Energy MLP 8.20% (note: earnings were light after hours Wednesday - buy on weakness)
NGG (NGG) National Grid ADR 6.95%
PGN (PGN) Progress Energy 6.36%
SSL (SSL) Sasol Limited ADR 7.43%
DOW (DOW) Dow Chemical 6.47%
VZ (VZ)  Verizon 6.36%

I believe that investors should look at historically exemplary companies that presently have a dividend of at least 5%. This will likely provide a floor for the stock and pay the investor a nice dividend until the markets head north.

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