March 2019 Stock Considerations

With the start of a new trading month, it is time, once again for me to highlight some of my potential stock buys for March.

First up, Iโ€™m thinking about buying more AT&T Inc. (T), especially if stock prices remain at $30 or below. T was my sole purchase in November as prices remain depressed and yields get pushed ever higher. Sure, there are a lot of near term headwinds this company is currently facing, not least of which is its debt load, but, the dividend still appears to be quite safe and can reward patient shareholders over the long haul. T still remains less than 1% of my taxable account and much less when compared to all three of my portfolios. In other words, Iโ€™m still comfortable adding to my position.

Next, I am still looking at Altria Group, Inc. (MO). Though the stock has come back quite nicely from its recent lows I still like the stock under $50. The juicy yield north of 6% is still well covered and the negative sentiment around the stock has not abated which still might give those wishing to go long the stock some time to make their up their mind.

Though the second largest holding in my portfolio, I am also looking at AbbVie Inc. (ABBV) as well. 2019 has been a tough start for the stock and it is once again trading at levels not seen since October of last year. With a sustainable yield pushing well over 5% this long time holding of mine is looking enticing as well especially under $80.

Finally, Iโ€™m looking to add to my Gilead Sciences, Inc. (GILD). It was one of my potential picks for December and January and was my sole buy in February and as prices continued to remain weak in 2019 and yields are still around historical highs at about 3.5%.

What do you think about my potential stock buys for the month of March? Are you considering any of these names for your own portfolio? Please let me know below.

Disclosure: Long T, MO, ABBV, GILD

27 thoughts on “March 2019 Stock Considerations”

  1. Great list of companies DH! ABBV is at the top of my list. I would like to add more to my position, but I will have to wait until April. My cash reserves will be full by then. We will see what the stocks looks like a month from now, but there are always opportunities. Thanks for the post! ๐Ÿ™‚
    My Dividend Dynasty recently posted…February 2019 Dividend IncomeMy Profile

    • Hi MDD,

      It’s April ๐Ÿ™‚ Looking to see where you will make your next buy. I still like my ABBV under $80 though it is already a large portion of my portfolio. The good thing is that we have many choices these days of stocks sporting some high yields.

  2. UNP, CSCO and HD all appear to be in the fair value range so they’re all on my potential buy list. I think I might be tapped on T exposure, but could probably stand to add a bit more to my MO. I’ve still stayed away from ABBV and GILD mainly because I haven’t had the time to look through everything. I think ABBV has a big patent coming up soon which is the big reason for the decline but without really tearing into their financials I don’t have a great read on them yet. Maybe this week I can finally sit down and look through them. All the best and looking forward to seeing what you pick up.
    JC recently posted…Union Pacific: The Dividend Train Keeps RollingMy Profile

    • Hi JC,

      The risk (noise) with ABBV has been the Humira drug going off patent. I still think the company has a large enough drug pipeline to mitigate any potential Humira losses. Looking at April MO still seems to be my go to stock as long as it stays under $60. I don’t hold any rails or tech but wouldn’t mind some MSFT exposure one day… just not at current levels. Thanks for sharing your picks.

  3. DH –

    This week, I will do my due diligence and review GILD, since I have seen it be a consistent one amongst the group. You love those high yielders, I see! Hard to beat their valuation metrics, now, that’s for sure. Hmm… decisions.. excited to see what you do.


    • Hi DD,

      I like the high yielding stocks when they are trading at some pretty good values and prices. Seeing T under $30, I like. MO under $60, I like. ABBV under $80, I like. GILD under $65, I like. You get the point. The good thing is that we have plenty of choices even with the markets on stronger footing.

  4. Nice list of companies DH, thanks for the ideas! I already own some T. MO was constantly on my mind but their industry keeps discouraging me. But maybe that’s one of the reasons why it could be undervalued and they keep surprising with their results ๐Ÿ™‚
    Regarding ABBV & GILD, both of them look like really sound choices but I already own some shares of a pharmaceutical company (PFE), so I am not sure if I want another company from the same field. Since my portfolio is quite small, I like to diversify it more at the beginning. I was looking at Utility companies, but most of them trading at their highs at the moment..
    It will be interesting to see what you end up buying ๐Ÿ™‚
    BrokeInvestor recently posted…February 2019 Watchlist (Utilities)My Profile

    • Hi BI,

      I understand you not wanting to diversify too much because of the size of your portfolio. I’m sure that will change in time as it grows and you’ll seek to “spread your bets.” As far as the utilities I have held D, SO and ED for over ten years and have no complaints. Slow and steady boring plays that offer some pretty good yield too though they have risen nicely in 2019. Keep searching and buying.

  5. Keith,

    So many good choices out there. I am still looking at those Canadian banks too! I hope the market can give us more opportunities through the foolish decisions of others and their supercomputers.

    – Gremlin

    • Hi DG,

      One Canadian bank still looks like a good pick up at current levels, BNS. As you said, there are many solid yield plays out there despite the market looking much stronger these days. I don’t think you’ll have to wait long for another flash sale in the market. They seem to come by more frequently.

    • Hi DD,

      MO is the stock people love or hate. I’m OK owning it and will continue to consider it as long as it is under $60. It bounced nicely from its recent lows but still looks undervalued.

    • Hi desidividend,

      I added to my GILD not too long ago and went with ABBV in March. My T is still a small part of my portfolio and I would like to add to it under $30.

  6. It’s a solid list of value dividend stocks. I’m still a big fan of AT&T and I’m waiting for a better entry point on Altria. The share price has run up a bit too much recently for my liking

    • Hi FF,

      No doubt MO has climbed a lot from its recent lows but it still looks attractive as a yield play under $60. I have some T but would like to see it under $30 before I add more.

    • Hi DI,

      In March I went with ABBV and earlier I went with GILD so it looks like we are on the same page. In April, I may add to my MO especially if prices are below $60.

    • Hi MR,

      I added to my ABBV in March. It has become quite large over the years and in April I may look to add to my MO if it stays under $60. We still have quite a few good choices even with the market rising.

    • Hi 3P,

      Without sounding to flip, that’s pretty much true. Each stock seems to have good long term prospects. For now, I really like my MO and ABBV.

    • Hi DP,

      I still like ABBV a lot under $80. MO under $60 looks good to me as well. I guess that’s my short list going into April. I added to my ABBV in March.


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