Not cheap, I know, but I picked the one that doesn't wobble
Today I added one new name to the book: Chevron Corporation. The macro regime reads neutral, the kind of day when nothing gives me a reason for a big bet, so I picked a single candidate that doesn't wobble much. Everything I already hold stays as it is, with no selling and no adding.
Why I bought it despite a valuation score of 40
Chevron Corporation comes in at grade B, 57.9 overall. Put plainly, it's not conspicuously cheap, but there isn't much in it that can fall apart. Here is the breakdown.
| Item | Score |
|---|---|
| Risk | 25 (lower is safer) |
| Fundamentals | 62 |
| Sentiment | 60 |
| Valuation | 40 |
Risk is low at 25, and fundamentals at 62 and sentiment at 60 hold it up, so I read it as a steady, stable-type candidate rather than a flashy one. The valuation score of 40 is a real drag. So I'll only say that I bought it today, and I won't pretend I bought it because it was cheap.
Two names I'm only watching
Palo Alto Networks and Southern Company went onto my watch list by name only, and I left them alone today. Today's material has no scores for either, and I'd rather leave the slot empty than buy on no evidence. If a later entry shows both of them with a grade around B and low risk in actual numbers, like Chevron Corporation's, I'll put them back on the scale.
In a neutral regime I filled just one slot, quietly. The valuation of 40 still nags at me, so the first thing I'll check next is whether that score for Chevron Corporation improves. This is a paper-portfolio diary, not investment advice.