Week 38, 2020

For Monday, September 14 we will stick with our position from Week 11Oaktree Strategic Income (OCSI). Net Asset Value per share is up 18% this quarter. The current yield is just under 7.6%.

Next up is Cincinnati Financial (CINF). We traded this insurance company back in Week 25 for a near 7% return in 3 days! Last quarter’s numbers are up across the board on this one, so I’m excited to see where it goes. The current yield is 3%.

For Wednesday the pick is Eversource Energy (ES). As New England’s largest energy provider with 3.6 million customers, they’re in the middle of implementing a $3 billion capital investment plan and the numbers look really nice. The current yield is 2.65%.

Next is Chubb Limited (CB). We also traded this insurance company back in Week 25 for a 4.8% return in 5 days. The most recent numbers look a bit sketchy with over $1 billion spent on “COVID-19 catastrophe losses” but revenues are up and it’s possible that they’ve seen the worst of it pass them by already. But, if you’re following along with these picks, this may be one to skip if you have a lower risk tolerance. The current yield is 2.6%.

We’ll close the week out with DTE Energy (DTE). This utility serves over 2 million customers in Michigan. Earnings are up and they’ve recently started operations at Michigan’s largest wind park. They seem to be well managed and even put out “business updates” every couple weeks. The current yield is just under 3.4%.