Income · Stocks to Consider and Updates

Allocation Update – Income Portfolio

With the addition of CVS Health Corp. and the elimination of International Paper, there have been several changes to the allocation picture for the income portfolio. I am starting CVS off at a 6% allocation for reasons discussed in the recent post replacing International Paper Co. I have moved the ALPS Sector Dividend Dogs ETF up to 12%, as a conservative way to navigate today’s volatile markets. I am also positive on Cisco Systems for its current technical as well as fundamental trends. CSCO moves up 3-percentage points to 10% of the total allocation. The Vanguard REIT exchange traded fund also moves up a notch to 6% of the pie, whereas Johnson & Johnson has been lowered to 9% from 10%. Chemical giant LyondellBasell has been delivering a mixed business picture and will suffer a 3-percentage point drop in the recent allocation model to 8%. I am maintaining Verizon Communications at 8%, and all the other candidates remain unchanged.

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