I just stopped my automatic monthly investments in Exxon Mobil (XOM) and increased my position in Johnson & Johnson (JNJ) by 15%.
JNJ's trading price is significantly lower than my entry points over the last year or two and it is continuing to grow. It has a 3.2% dividend yield. Finally, many of its products are household staples that are continually being purchased as consumers downsize their discretionary spending.
I stopped my monthly investments in XOM in part because believe to some extent the Morningstar analysis. Morningstar does not show it to be a compelling buy at its current price point.
I started to buy Walmart shares (WMT) in my corresponding DRIP but noticed that there was a $1 auto-invest fee. Screw that. I don't want to pay fees for my DRIPs. I regret setting up my DRIP in Walmart.
Finally, I have active automatic investment plans in 3M (MMM) and Dow Chemical (DOW).