Outlook for September 2013

September
September could provide some interesting buying opportunities. Historically, September is the worst month for the equity markets. Adding fuel to that are the following catalysts:

  • Rumors of Fed tapering the bond buying in September.
  • An election in Germany.
  • Eyes will also be on the US congress and the US President jostling for a deal agreement for fiscal year 2014 to avoid government shutdown. The deal needs to be reached before September 30.

My Watchlist

I am looking to add to my existing positions depending on the each stock’s valuation. Currently, as they stand, my holdings have the following metrics.

Company Name Ticker Quote P/E P/B Current
Yield
5-yr Avg
Yield
Archer Daniels Midland ADM $35.21 19.67 1.23 2.16% 2.10%
BCE Inc BCE $43.19 13.79 2.90 5.52% 5.10%
Cineplex Inc CGX $39.12 20.07 3.28 3.68% 2.44%
Chevron CVX $120.43 9.76 1.62% 3.32% 3.30%
CHS Inc CHSCP $33.04 6.05%
CPFL Energia CPL $16.33 21.78 2.83 4.88% 9.90%
Husky Energy HSE $29.78 13.92 1.52 4.03% 4.50%
IAMGold Corp IMG $6.32 15.60 0.64 4.16% 1.70%
Interpipeline Fund IPL.UN $24.35 4.68% 6.40%
Omega Healthcare OHI $28.40 21.26 2.90 6.62% 7.20%
Qualcomm QCOM $66.28 17.64 3.05 2.11% 1.60%
RioCan REIT REI.UN $23.55 7.89 1.06 5.99% 6.30%
The Bank of Nova Scotia BNS $58.50 10.94 1.84 4.24% 4.00%
The Southern Company SO $41.62 21.06 2.02 4.88% 4.70%
Thomson Reuters TRI $34.52 27.26 1.71 3.91% 3.70%
Wells Fargo & Co WFC $41.08 11.13 1.47 2.92% 2.10%

Other stocks that I am considering are:

  1. Aflac (AFL):
    • Quote: $57.79
    • P/E: 8.03
    • P/B: 1.96
    • Yield: 2.42%
  2. Johnson & Johnson (JNJ):
    • Quote: $86.41
    • P/E: 19.20
    • P/B: 3.49
    • Yield: 3.06%
  3. Procter & Gamble (PG):
    • Quote: $77.89
    • P/E: 20.18
    • P/B: 3.20
    • Yield: 3.09%
  4. Walgreen (WAG):
    • Quote: $48.07
    • P/E: 21.18
    • P/B: 2.40
    • Yield: 2.62%

Which stocks are on your watchlist? What are your thoughts on the stocks mentioned here?

Disclosure: My full list of holdings are available here.

Photo Credit: arztsamui/FreeDigitalPhotos.net

Disclaimer: The information provided here is for educational purposes only. All opinions here are my personal opinions and should not be taken as financial advice. I am not qualified to be a financial advisor. Always consult with your financial advisor before investing in any of the companies mentioned on this blog.

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