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Top Stocks To Buy From My Watch List

I’ve been sharing my top stocks to buy lists on Twitter and Facebook for the past several months and thought I’d shake things up a bit this week by putting together a post on the website. I’m getting back in the habit of writing again, having posted three articles in the last couple of weeks on Seeking Alpha.

I have tracked my portfolio using Google Sheets since creating it in 2013, and part of my investing process is maintaining a watch list of stocks I own or would potentially like to own. Between those two categories, I am now following over 100 stocks.

My Stock Tracking Process

The majority of the data in my watch list updates automatically through formulas set up with Google Sheets. Data like market cap, share price, 52-week highs and lows come directly from Google and are used with the other data I input to fill other columns.

I manually enter dividend rates as they are declared, and go through each stock on FAST Graphs to determine fair value PE and P/AFFO numbers. From there I also enter the updated analyst estimates for the current fiscal year and expected growth rates. This data is then used to determine the delta PE ratio, payout ratio, and to calculate projected returns.

If you are interested in setting up one of these for yourself, I have a link to a sample portfolio tracker located at the bottom of my dividend growth resources page.

Watch List Stocks To Buy For March 3, 2023

With the overall market declining there are becoming some good “deals” on several stocks I follow. However, declining earnings estimates have also kept others off the list because their declining earnings are happening just as fast as declining prices.

Since this is a live document, the projected returns update in real-time and can move substantially from week to week as prices change, new dividends are declared, and earnings estimates are revised. With 102 stocks on the overall list, I can’t fit everything in one screengrab, so I typically just share those with projected returns greater than 15%.

If you want to see the list in its entirety, there is an embedded spreadsheet on my portfolio page.

Here are this week’s picks with 5-year projected annual returns greater than 15%.

Top Stocks To Buy – March 3, 2023

There are 35 stocks on this condensed list, meaning that more than 30% of the stocks I follow are currently projected for 15% or better returns. Many of these companies are trading 20% or more below my fair value target.

Obviously, some are trading at these levels for good reasons. Walgreens Boots $WBA and Altria Group $MO have struggled for years to produce meaningful growth and have questions about if they’ll ever grow meaningfully again. Recession fears and higher mortgage rates have housing-related stocks Lowe’s $LOW, Lennox International $LII, Watsco $WSO, and Sherwin-Williams $SHW trading well off their highs.

However, there are also stocks that are performing well and trading near 52-week highs. Companies like Ameriprise Financial $AMP, Texas Roadhouse $TXRH, and Primerica $PRI.

What names jump out to you? Leave a comment below or on social media to discuss.

Recent Articles

As mentioned, I’ve gotten a few pieces published on Seeking Alpha recently. Here are the links if you’d like to check them out:

DGI For The DIY: 2022 Dividend Portfolio Review

ONE Gas Stock: A Buy For Long-term Growth and Income

Extra Space Storage: A Buy Following Recent Dividend Boost

Here are some other articles I’ve come across in recent weeks that I enjoyed.

10 Dividend Growth Stocks – February 2023 – FerdiS with another nice article sharing his ranking system for the best stocks in the market.

Here’s The Best Dividend Growth ETFs – An article from Dave Van Knapp breaking down the pros and cons of some of the most popular dividend growth ETFs. No surprise, but SCHD comes out on top once again.

Closing Thoughts

It feels good to get back in the groove a bit with writing, I hope you enjoy hearing from me again. I’m always looking for feedback and ideas, so drop me a line on Twitter or Facebook and let me know what you think.

Most of my watch list updates will stay on Twitter, but my goal is to get a post a month here on the site and to share other ideas on Seeking Alpha. Gotta find a way to pay for those expensive eggs at the grocery store!

Best wishes, and Happy Investing!

DGIfortheDIY:
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