We are removing five dividend stocks from our recommended list today.
Names Being Removed
BlackRock (BLK) – stock has moved quite strongly since our recommendation, but the shares appear fully valued at this time.
Johnson & Johnson (JNJ) – another defensive name that has moved strongly and appears fully valued at current levels.
Kimberly Clark (KMB) – shares have been on a tear, but we worry current valuation could be too rich.
Kinder Morgan Energy Partners L.P. (KMP) – we have been hoping for the stock to show us better relative strength, but the shares could be in for more sideways action.
Wynn Resorts (WYNN) – with volatility on the upswing, we would prefer yield investors hold off on adding to the name for the time being.
We still like all these names, but would prefer investors consider our other recommendations for new capital commitments. This is not a sell call for any of the names.