3 Stocks I’m Buying (July 2023)

Three quality companies.

Three unique strategies to buy them.

Last month, I kept most of my money on the sidelines.

I correctly guessed that stocks would rally based on Wall Street exuberance over the debt ceiling. And there wasn’t much I wanted to buy.

This month, a lot of stocks are still overvalued…

But now, I’m using a variety of tactics like put options and limit orders to capitalize on the situation.

Here are the three stocks I’m buying in July, 2023.

1. Buying: Texas Instruments Incorporated ($TXN)

One of the few stocks that’s actually trading lower than my initial purchase price.

Texas Instruments makes semiconductors, voltage regulators, and electronic components. Historically, this is a market-beating stock. With a 10-year average annual total return of 20.14%.

However, shares recently dipped below $170. And I happily bought more.

Texas Instruments is currently yielding 2.90% in dividend income.

And I’d love to build my position to 35 or 40 shares. Ensuring at least one extra share per year, “on the house” via dividend reinvestment.

2. Shorting: The Kroger Co. ($KR)

Kroger investors recently received some great news.

In June, America’s largest supermarket chain announced a 12% dividend increase. Beating inflation, yet again!

I love this stock and would love to build my position up to at least 250 shares. However, I’d also like to buy more shares at a little less than their current market value.

Which is why I’m selling short-term, cash-backed puts on Kroger stock.

If the company continues trading above $45, I collect weekly cash flow via the…