I am planning to make one more purchase in March. Currently the stocks I am paying close attention to are NSC, MCD, and GIS. I'm hoping to see a dip sometime soon for an opportunity to pickup one of these names at slightly lower prices. Right now I am leaning towards Norfolk Southern. I like the price it is currently at. I've wanted McDonald's in my portfolio for a long time but have missed many opportunities to pick up shares. I like it at 95 which may or may not happen. I eat a lot of General Mills products and could see myself making a purchase; I almost did last month. Right now I'm weighing my options, and taking time to see what unfolds.
One of the stocks or rather MLPs on my Watch List W.P. Carey (WPC) is planning a merger and to restructure as a REIT. WPC is a rare non-pipeline company set up as a MLP. Changing to a REIT means they will have to up the dividend/distrubition to 90%+ earnings (it's currently 66%), but will lose the amazing tax sheltering. I'm not too happy about this; I will leave it in my Watch List for now but have no plans to buy. It became kind of pricey the past few months anyways.
Last year I sheltered almost half my dividend income using a ROTH IRA and MLPs in my taxable account. It's very relevant when tax season comes along. I'll talk more about this soon.