*Blue Plate Specials* Portfolio – 7/27/10

Market Notes
The market was rangebound today with no side particularly in charge. Trading volume was low as evidenced by the lack of interest in even those issues hitting new highs. Dividend payers still rule the roost; today, 62 out of the 82 issues hitting new highs paid a dividend. That’s 75% of the field!

For those of you who don’t follow my intraday stocktalks (they’re like tweets) on SeekingAlpha, I broke down the above numbers: 50% of the dividend payers boasted dividend yields (d/y) > 3%; 40% had d/y’s > 4%; 30% had d/y’s > 5%; 22% had d/y’s > 6%; and 18% had d/y’s > 7%. Previously, municipal bonds, master limited partnerships (MLPs), and real-estate investment trusts (REITs) were the income plays of choice, but as those valuations have climbed, investors are now looking at preferred stock and utilities to satisfy their needs.

Today’s Portfolio Picks
Here are my 10 long stock picks chosen from today’s *Blue Plate Specials* menu. They are culled from the following lists: Breaking out to new highs, Breaking out to new highs on lower volume, Low-priced leaders, and Darlings of the Day.

For more info on how this portfolio is generated and how you can construct your own, see the fund rules in the 4/21/10 blog. And remember, don’t take my word for it–do your own due diligence!

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