Multi-national preferrred for dividend and appreciation
I'm adding Aegon NV Preferred shares (AEH) to the Barchart Van Meerten New High portfolio. Aegon based in the Netherlands is one of the largest Life and Health insurance companies in the world. This is a pure price momentum play and shows how investors are flocking to the safety of preferred shares.
I found this stock when screening on Barchart for stocks that are hitting the most frequent new highs. This stock hit 15 new highs in the last 20 sessions including 5 out of the most recent 5. This is a 100% Barchart technical short term buy and is confirmed by a Trend Spotter (tm) buy signal. The stock had a 33.60% price appreciation last month and trades around 8.39 with a 50 day moving average of 7.01.
Not a lot of US investors are following foreign preferreds but on Motley Fool the CAPs members who do vote 13 to 4 that the stock will beat he market and the All Stars agree 8 to 1.
If you're looking for a preferred stock that pays an 8.60% dividend and has potential for capital appreciation here are some things to consider:
1 - 100% Barchart short term buy
2 - Trend Spotter (tm) buy signal
3 - 33.60% price appreciation last month
4 - 15 new highs in the last 20 sessions
Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs
. Please leave a comment below or email JimVanMeerten@gmail.com
Disclosure: No positions in the stock mentioned at the time of publication