With another new month fast approaching it’s time, once again, to take a look at my current portfolio holdings as well as watch list for potential buys in the month of June. Looking ahead into any new month I know that my first preference for a potential buy rests with my ability to average down on my purchase price. With that being said I still see great value and a relatively high and safe yield in the large Canadian banks. This should come as no surprise to anyone who has been following my blog for a while as I have been buying the Canadian banks every month for close to one full year slowly building up my positions in my ROTH account. Therefore, my first consideration for the month of June is The Bank of Nova Scotia (BNS) followed by The Toronto-Dominion Bank (TD). With attractive valuations at or below their respective five year PEs as well as offering a great current yield these two banks continue to look attractive to me.
My next category of potential buys for the month of June rests solely in my IRA account where I hold the big three health REITs in order of a June buy preference, Ventas, Inc. (VTR), HCP, Inc. (HCP) and Health Care REIT, Inc. (HCN).
As I stated in my May stock consideration post I’m not really looking to add any new names to any of my portfolios this month either, rather just focus on my current holdings and average down on my buy price if at all possible.
My final considerations for stock buys brings me back to my original taxable account where, once again, I am considering adding Johnson & Johnson (JNJ), Emerson Electric Co. (EMR), Caterpillar Inc. (CAT) and Dover Corporation (DOV). Of course, it goes without saying that Mr. Market has the final say in what I decide to buy as stocks that I might not even be considering may present too good a value to pass up.
I guess you might consider my potential June stock buys as a little humdrum in terms of not highlighting any new and exciting investment opportunities. But the way I see it, I like to invest in what makes me comfortable and given the chance to continue to add to many high quality names I already own at better pricing/valuation is exciting enough for me.
What do you think about my potential buys for the month of June? Are you considering any of the names mentioned above for your portfolio? Please let me know below.
Disclosure: Long BNS, TD, VTR, HCP, HCN, JNJ, EMR, CAT, DOV