Pick strong performers in sectors experiencing (cyclical) weakness
Today, I saw a piece of advice that keeps popping up from time to time: in sectors experiencing cyclical weakness, buy the firms who are the best performers in that sector. An interesting thought that reminds me of some observations I made during 2008; all the major banks crashed in Sweden but those not affected by the crisis quickly recovered. Here is a comparison between 070101 and 100101:
This makes a lot of sense and is fairly easy to incorporate into a strategy. Anyway, back to Norwegian stocks :). The thesis for Norway is simple: I wish to decrease my exposure to SEK + Norway is a country I can imagine moving to = Exposure to NOK through stocks is warranted.
Therefore, I will generate a list of stocks in Norway that are interesting to watch and do more research on. As always, I will focus on my investment criteria and only pick companies with a proven ability to churn out profits and dividends. I will also check if any sectors are experiencing weakness.
Norwegian dividend paying stocks (wip)
| Company |
Price |
Div |
Yield |
Area |
| Elkem |
23.8 |
2.6 |
10.9% |
Metals and alloys |
| Ocean Yield |
56.6 |
6.12 |
10.8% |
Ship owner/charter |
| Selvaag Bolig |
43.8 |
4.5 |
10.3% |
Real estate developer |
| Sparebanken Ost |
54.4 |
4.6 |
8.5% |
Financial and real estate |
| Sandnes Sparebank |
64 |
5.2 |
8.1% |
Financial and real estate |
| Sparebank 1 BV |
37.1 |
2.95 |
8.0% |
Financial and real estate |
| Fjord1 |
35.5 |
2.7 |
7.6% |
Public transport |
| Europris |
25.9 |
1.85 |
7.1% |
Discount variety retailer |
| Webstep |
23.8 |
1.6 |
6.7% |
IT services provider |
| Sparebank 1 Ostfold A. |
222 |
14.6 |
6.6% |
Financial and real estate |
| Salmar |
356 |
23 |
6.5% |
Seafood |
| Sparebanken Sor |
94 |
6 |
6.4% |
Financial and real estate |
| Sparebank 1 Nord-Norge |
66.7 |
4 |
6.0% |
Financial and real estate |
| Sparebank 1 SMN |
94.8 |
5.1 |
5.4% |
Financial and real estate |
| DNB |
156 |
8.25 |
5.3% |
Financial |
| Sparebank 1 Ringerike H. |
204 |
10.6 |
5.2% |
Financial and real estate |
| Fjordkraft |
43 |
2.2 |
5.1% |
Utility |
| Mowi |
204 |
10.4 |
5.1% |
Seafood |
| AF Gruppen |
169 |
8.5 |
5.0% |
Construction |
| Sparebanken More |
320 |
15.5 |
4.8% |
Financial and real estate |
| KID |
41.6 |
2 |
4.8% |
Home textile retail |
| Equinor |
173 |
8.25 |
4.8% |
Energy |
| B2Holding |
9.57 |
0.45 |
4.7% |
Debt purchasing |
| Sparebanken Telemark |
117 |
5.5 |
4.7% |
Financial and real estate |
| Telenor |
188 |
8.4 |
4.5% |
Telecom |
| Bouvet |
297 |
13 |
4.4% |
IT consultancy |
| Sparebank Vest |
53.4 |
2.3 |
4.3% |
Financial and real estate |
| Sparebanken SR-Bank |
105 |
4.5 |
4.3% |
Financial and real estate |
| Kitron |
9.4 |
0.4 |
4.3% |
Electronic equipment |
| Gjensidige Forsikring |
173 |
7.1 |
4.1% |
Insurance |
| Noksk Hydro |
30.9 |
1.25 |
4.0% |
Aluminium producer |
| Austevoll |
88.7 |
3.5 |
3.9% |
Seafood |
| Leröy Seafood |
56.5 |
2 |
3.5% |
Seafood |
| Grieg Seafood |
117 |
4 |
3.4% |
Seafood |
| Orkla |
76.6 |
2.6 |
3.4% |
Investment firm |
| Entra |
135 |
4.5 |
3.3% |
Gov real estate |
| Norway Royal Salmon |
182 |
6 |
3.3% |
Seafood |
| Data Respons |
31.1 |
1 |
3.2% |
Embedded solutions |
| Olav Thon |
146 |
4.4 |
3.0% |
Real estate developer |
| Infront |
18.4 |
0.45 |
2.4% |
Financial markets IT |
| Borregaard |
94 |
2.25 |
2.4% |
Biorefineries |
| Sbanken |
73.2 |
1.75 |
2.4% |
Financial and real estate |
| NTS |
63 |
1.5 |
2.4% |
Transport |
| Kongsberg Gruppen |
117 |
2.5 |
2.1% |
Maritime technology |
| AKVA |
79.2 |
1.5 |
1.9% |
Fishery equipment |
| Pareto Bank |
37.5 |
0.7 |
1.9% |
Financial and real estate |
| Bakkafrost |
474 |
8.25 |
1.7% |
Seafood |
| Medistim |
134 |
2.25 |
1.7% |
Medical devices |
| Tomra |
291 |
4.5 |
1.5% |
Recycling |
