👋 Howdy Partner,

There’s been lots of excitement in the markets lately because of earnings season.

Some earnings reports cause big swings in price.

CRH plc is up nearly 10% over 5 days for example.

While Novo Nordisk A/S is down 30% over the past month.

Academics would tell you that price volatility is risk.

But we know better - we know that short-term volatility is just a popularity contest.

Sometimes Mr. Market gets too excited and sometimes he gets too depressed - which is what creates opportunities for long-term investors like us.

Let’s look at this month’s Buy-Hold-Sell list update and see what interesting opportunities he’s willing to serve up!

Buy-Hold-Sell List

The Buy-Hold-Sell List filters our very large Investable Universe.

You can see all of the details on how it works here:

• Upgrading the Investable Universe

We look for cheap Dividend Stocks based on three valuation methods:

1. The PEG Ratio
2. Current Yield vs Historical
3. Reverse Dividend Discount Model

Based on this, we give each company a Buy, Hold, or Sell recommendation.

Update July 2025

Some Interesting Stats:

• 209 companies total receive a ‘buy’ rating

  • That’s up from 148 last month

• 96 moved from 'hold’ to ‘buy’

• 43 have moved up from ‘sell’ to ‘hold’

• 6 made the jump from ‘sell’ directly to ‘buy’

  • Only 1 company did that last month.

Recommendation Changes

34 companies went from Buy to Hold due to increasing stock prices.

Here’s a sample of a few:

• ASSA ABLOY (ASSA.B) designs and sells locks and security solutions for homes and businesses.
• Healthcare Realty Trust (HR) invests in and manages properties leased to healthcare providers.
• Norfolk Southern (NSC) provides freight transportation services across the eastern United States by rail.

You can download the entire Buy-Hold-Sell list here: