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sagitarius84 (74.51)

Two Dividend Growth Stocks On My Radar

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October 11, 2017 – Comments (0) | RELATED TICKERS: CVS , WBA , MCD

As part of my process, I tend to screen the list of dividend growth stocks regularly, in order to identify companies for further research. I also skim company press releases for announcements related to earnings and dividends. I was able to identify two dividend growth stocks, which seem to have been punished excessively as of recently. Those companies include Walgreens (WBA) and CVS (CVS).

Both companies are down on fears that Amazon will take over the business of selling prescription pharmaceuticals, and take it online. I find the whole Amazonification fears overblown, and believe that they are a product of Amazon.com’s rising stock price. Most pundits are seeing the rising stock price, and try to sound intelligent explaining this phenomenon. They go further by projecting the strength indefinitely. Real life doesn’t work in a linear fashion of course.

This was the case in 2015, when pundits were excited about Chipotle’s food when the stock price was high. They were biased against McDonald’s (MCD) because the price had stagnated.  

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