Strength at 80, price tag at 35 — I took just one step into Johnson & Johnson
Today I added Johnson & Johnson to the book. The macro regime read neutral, with no signal to push hard and none to hunker down, so I quietly picked a single name. My existing holdings stay exactly as they are, with no sells and no top-ups.
Bought for sturdiness, not for a bargain
Johnson & Johnson came in at a B grade, 61.2 overall. In plain words, it is not "wildly cheap" but "unlikely to hurt me badly." A fundamentals score of 80 props up the financial strength, and a risk score of 25 keeps the burden light.
| Item | Score |
|---|---|
| Fundamentals | 80 |
| Risk | 25 |
| Technicals/catalyst | 50 |
| Valuation | 35 |
| Overall | 61.2 (B grade) |
A valuation of 35 says the price is not especially attractive, and I did not pretend otherwise. With technicals and catalyst sitting at a neutral 50, there was no reason to rush, so I took one small step: buying the strength and accepting the price.
Two names left on the watchlist
Palo Alto Networks and NextEra Energy stayed on the watchlist today. In the material I hold, I found no evidence that either one clears the buying bar. The conditions are concrete: a B grade or better by the same yardstick I used on Johnson & Johnson, valuation moving to something better than 35, and technicals/catalyst rising above the neutral 50. Then I will put them back on the table.
So the portfolio gained one new member and nothing else changed. A 61.2 is not an A grade, so there is no reason for me to raise my voice here, and I will check where the scores moved in the next entry. This is a paper record, not a nudge for anyone to do anything.