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December 27 - FDI Weekly Review
The 39 stocks in the Forbes Dividend Investor portfolio gained an average of 0.12% this week.
In A Holding Pattern
The rally that was initiated a week ago, from the 5870 level, has stalled out near the 20-day MA. A broad trading range still exists at this time.
Kinder Morgan Buy Write Puts 48% Return Potential In The Pipeline
If KMI closes above $27.50 at expiration on January 17, we would earn $0.78 per share on $26.72 at risk, or 2.92%. That would be an annualized return of 48.4% over a holding period of 22 days.
Gen Digital Buy Write Targets 41% Annualized Return Potential Through January 17
If GEN closes above $28.00 on January 17, we will be assigned and earn $0.75 per share on $27.25 per share at risk, or 2.75%. Over a 24-day holding period, the annualized return would be 41.9%.
Adding DINO: December 21 - FDI Weekly Review
HF Sinclair (DINO) has seen insider buying this month, including from Chief Financial Officer Atanas Atanasov, who upped his stake by 14% with the purchase just last week of $340,624 worth of shares at $37.85 apiece. A company director on December 16 paid $36.15 per share for $180,746 worth of HF Sinclair stock.
Support Holding So Far
$SPX broke down, but bounced right at the 5870 support level. More sell signals are arriving, but it $SPX holds that’s all that matters.