JUST UPDATING MY LATEST PORTFOLIO ADJUSTMENTS.
I sold 25 shares of CVX, chevron corp. As I mentioned previously, I don’t see the price of oil going up by much, and that’s going to affect the dividend raise chevron can give to their shareholders.
I bought 50 shares of ENB enbridge corp. Since the merger of ENB and Spectra energy, I believe the new entity gained traction in terms of economic moat, and will be able to do really well in raising the dividend by an estimated 10 to 12% on a yearly basis.
I also bought 11 shares of WBA, Walgreen boots alliance. I think this company is undervalued in purely technical terms. With an estimated 150 billion$ in revenue the stock trades at 0.6 times future sales. clearly this is too cheap for based on its growth and it’s current valuation history.