Over the last week, our Nasdaq 100 Watch List had First Solar (FSLR) and Qualcomm (QCOM) with the worst performance. First Solar fell nearly 14% intra-week but by Thursday managed to recover losing only 7% for the week.
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Qualcomm, on the other hand, fell consistently throughout the week and closed at the low for the week. As I ran my stock screeners, looking for quality dividend achieving stocks, Qualcomm was among the top 9 wide moat companies that are within 20% of the 52-week low. Of the top 9 wide moat companies, Qualcomm has a return on equity (ROE) of 10.87% and net margins of 22.47% over the last twelve months. According to Value Line Investment Survey, Qualcomm has no debt and has increased the dividend every year for seven years. The dividend growth rate has been 28% over the last five years and was only second to Monsanto (MON) among wide moat companies. The odd thing is that QCOM isn't even a Dividend Achiever but looks to be well on its way. If I were to invest in any stocks at this time Qualcomm and Monsanto, from our Dividend Achiever Watch List, are at the top of my list.
As if to awaken from the dead, Apollo Group (APOL) was the leading gainer for the week by rising slightly above 4%. Apollo Group was the leader among stocks that were on the Nasdaq 100 Watch List from the previous week. Apollo Group sports a hefty 52.92% ROE with ROA at around 18.33% for the last twelve months. APOL has very little debt and is considered a wide moat company according to Morningstar. Provided the stock market can hold up, Apollo Group might have a chance at a temporary rebound in the price after having been at the low for so long. Also able to scratch out a gain this week was Stericycle (SRCL), which was up over 1.5%.
Again, Qualcomm and Monsanto are my two favorite stocks to start some research on and possibly acquire despite the coming stock market and global economic collapse that is forecasted because of the Spain/Greece/England/Euro implosion. Also, don't forget the U.S. debt and dollar crisis to come. With all of these calamities on the horizon, I would highly recommend factoring in, at least, a 50% lose on any new investments from the current level.
Disclosure: Long MON
Disclosure: Disclosure: Long MON