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Introduction and Background
Well, this market sure is interesting. Just when I think we’re in for a decent correction and am ready to light the fuse on some dry powder, it takes off again.
As my followers know, I am a
High-Quality Dividend Growth Stocks Near 52-Week Highs: What To Do With Apple (Rating Downgrade)
Summary
- A list of high-quality dividend-growth stocks trading near 52-week highs is evaluated based on historical and future fair values.
- Apple appears to be overvalued based on historical and future fair value estimates, yet remains a strong financial performer with significant future potential.
- Despite its overvaluation, I am inclined to hold Apple due to its exceptional past performance, financial strength, and lack of obvious replacements.
- Other options for consideration instead of Apple could be Lam Research and Mastercard.
Why DividendRodeo? It's not the wild ride that investing sometimes provides that I'm addicted to, it's that rush that an ever-increasing flow of passive income provides. I do not have a financial background - my background is actually engineering - but I have been a self-directed investor for over 20 years.My investing approach is pretty simple. I believe in prudent living - striving to live an upstanding life of meaning well within my means, prudent working - working hard in my career to maximize value to my employer, and my opportunities for career progression, and prudent investing - investing in high quality instruments at reasonable valuations for the long term.Dividend growth investing fits me very well. I believe I can identify high quality companies at reasonable valuations that I am comfortable holding for the long term. The passive income from the dividends helps me hold through troubled times. Employing automatic dividend reinvestment helps me dollar-cost-average, and the double compounding I get from growth, as well as reinvestment, helps me see the tangible outcome of my efforts.Hang on and enjoy the ride!
Analyst’s Disclosure: I/we have a beneficial long position in the shares of AAPL, ABBV, ADP, APD, BLK, CAT, COST, CTVA, GD, HD, IBM, LMT, TXN, UNH, WMT, XOM, LRCX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.