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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum
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To: Dave Gore who wrote (5749)3/4/2001 2:39:18 PM
From: lee kramer  Read Replies (1) of 6445
 
Dave:For traders who get a bit skittish with high beta, volatile stocks they might want to keep this is mind; There are only two reasons to own a stock. (1) for the dividend (2) for the hope that they can sell it to someone at a higher price than they paid for it. The average dividend yield is maybe 1%. That takes care of #1. So the game is #2. And what is a stock worth? What someone is willing to pay for it.
Back to the skittish: Try to find a stock yielding 4% or a bit higher; a stock in a clearly defined uptrend. With Treasury short rates near 4 1/2%, a stock that offers a 4% yield may be rather attractive. Example; GPC yields just over 4% and may do well as the auto sector runs into difficulty. I'm not "pushing" GPC, merely suggesting a way for non-agressive traders to trade profitably.
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