Blue Chips, Yield, and Value: CVS, COP, KO, BAX, CVX

Individual stock prices fluctuate between repetitive extremes of high dividend yield and low dividend yield. These recurring extremes of yield establish Undervalue and Overvalue price levels.
When a dividend is raised, the Undervalue and Overvalue price levels are raised automatically so they will continue to reflect the historically established yield extremes. Each stock has its own distinctive high and low yield characteristics and must be evaluated individually.
There has been an unusual period of complacency in the market is one of the few things that many market observers can agree on. What gets lost with complacency, which is dangerous, is that markets, over the long-term, are nothing if not cyclical.(more)

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