This was wonderful for those who bought it back in 2015, as the share price has tripled since then, but investors looking to deploy their money now would probably think twice about buying it, as its current P/E is appropriate only for a growth stock with huge potential earnings upside, which NEE, with an earnings growth rate of 7.77%.
However, when I went to see how that number of holdings compares with the number of holdings of other high profile utility ETFs, I discovered that VPU holds more stocks than the 57 stocks held by iShares' U.S. Utilities ETF (IDU) which is limited to U.S. stocks.
When I looked at the other two Utility ETFs, I saw that the top 10 stocks in each of those ETFs made up an even higher percent of the value of the total holdings.
I downloaded the complete list of the fund's holdings and was able to compute the percentages of all the other stocks in the ETF using the figure Vanguard gives for the fund's total value.
I then used FAST Graphs to take a look at some of the metrics of these top 25 stocks as reported by FAST Graphs, including the current P/E ratio, the five-year average P/E ratio, the current price, current price target, the five-year price target, the earnings per share growth of the company over the past five years, and stock's 10-year average dividend growth percentage.
U.S. stocks fell at the start of the new week, amid dimming hopes for a pre-election U.S. stimulus deal and despite data showing China’s economy continues to grow.
House Speaker Nancy Pelosi said late on Saturday that the White House had 48 hours to strike a stimulus deal with the Democrats that could pass before Election Day.
“Data on Friday showed US retail sales rose sharply in September with spending above the pre-pandemic level, but there are fears the lack of stimulus will start to bite,” said Neil Wilson, chief market analyst for Markets.com, in a note to clients.
The global recovery was in focus on Monday after China’s economy grew 4.9% in the third quarter, which was slower than expected but still shows growth momentum continues.
Boeing (BA) shares slipped 0.6% in late afternoon trades.
Those final three days accounted for pretty much all of my profits through last week, about $115,000 between my main trading account and my IRA account.
Finally, I was able to tag up on the big move in Hertz Global Holdings, Inc. (NYSE: HTZ) in Friday’s premarket and then catch Kaixin Auto Holdings (NASDAQ: KXIN) after it came out of a halt.
Those initial days of last week were mostly flat for my trading account, though Monday started off rocky with sizable losses in Monday’s leading gap stocks, Medley Management Inc. (NASDAQ: MDLY) and Lizhi Inc. (NASDAQ: LIZI).
While the broad market seems to be in a holding position until the U.S. presidential election on November 3, the stocks I traded through last week saw a good amount of momentum after a brief period of choppiness on Monday and Tuesday.
I’m hopeful this week will see more of the follow-through that the back half of last week had, but I’m still going to keep my max share size reasonable in case the market starts to waver in its support.
Johannes Eisele/AFP/Getty Images US stocks gained as investors maintained optimism for Democrats and Republicans to pass fresh stimulus ahead of the November elections.
The US notched its fifth-straight day of more than 50,000 new cases, and global cases passed 40 million on Monday.
US equities gained on Monday as investors stayed hopes for stimulus negotiations to bring a deal ahead of the US presidential election.
Read more: Buy these 7 unheralded stocks right now for near-term upside of at least 25% as growth accelerates to a new level, RBC says The Monday climb extends the small rally that closed out last week.
Now read more markets coverage from Markets Insider and Business Insider: 'I'm extremely concerned': A former Goldman Sachs hedge-fund chief says a flood of troubling signals shows the stock market is teetering - and warns a small correction could soon morph into something much larger 'Not out of the woods': Here's what 5 top executives said last week about the prospect of more economic stimulus The US federal deficit surges to record $3.1 trillion for 2020 amid unprecedented stimulus spending
Granite Investment Advisors LLC lessened its holdings in shares of Automatic Data Processing (NASDAQ:ADP) by 20.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
Lester Murray Antman dba SimplyRich lifted its stake in shares of Automatic Data Processing by 1.7% in the 2nd quarter.
Stifel Nicolaus cut their target price on shares of Automatic Data Processing from $155.00 to $142.00 and set a “hold” rating for the company in a research note on Thursday, July 30th.
JPMorgan Chase & Co. increased their target price on shares of Automatic Data Processing from $138.00 to $151.00 and gave the company a “neutral” rating in a research note on Monday, August 17th.
Finally, Citigroup cut their target price on shares of Automatic Data Processing from $148.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th.
Wealthfront Advisers LLC lifted its position in shares of Vanguard Dividend Appreciation Index Fund ETF Shares by 21.0% in the second quarter.
Vanguard Group Inc. lifted its position in shares of Vanguard Dividend Appreciation Index Fund ETF Shares by 1.5% in the second quarter.
Morgan Stanley lifted its position in shares of Vanguard Dividend Appreciation Index Fund ETF Shares by 9.4% in the first quarter.
DAVENPORT & Co LLC raised its stake in Vanguard Dividend Appreciation Index Fund ETF Shares (NYSEARCA:VIG) by 4.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
Finally, Royal Bank of Canada lifted its position in shares of Vanguard Dividend Appreciation Index Fund ETF Shares by 9.0% in the first quarter.
Raymond James Trust N.A. raised its stake in Invesco QQQ Trust by 12.0% during the 3rd quarter.
Gyroscope Capital Management Group LLC purchased a new stake in Invesco QQQ Trust during the 3rd quarter valued at $927,000.
D. Scott Neal Inc. raised its stake in Invesco QQQ Trust by 12.0% during the 3rd quarter.
DAVENPORT & Co LLC cut its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 9.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
Red Door Wealth Management LLC raised its stake in Invesco QQQ Trust by 10.7% during the 3rd quarter.
DCC is trading at a lower price-to-earnings ratio than CRH Medical, indicating that it is currently the more affordable of the two stocks.
DCC has higher revenue and earnings than CRH Medical.
This table compares CRH Medical and DCC’s gross revenue, earnings per share (EPS) and valuation.
CRH Medical (NYSE:CRHM) and DCC (OTCMKTS:DCCPF) are both medical companies, but which is the better stock?
The company's DCC Healthcare segment offers products and services to healthcare providers, and health and beauty brand owners; outsourced contract manufacturing services to the health and beauty sector; nutrition products, such as vitamins and health supplements; beauty products; and product development, formulation, manufacturing, and packaging services.
In Priya Nigam's "BofA Cuts Citigroup Target Despite Strong Q3 Print," see why a top analyst found limited investor trust in Citigroup Inc (NYSE: C) and loss of faith in its management, despite solid third-quarter results.
For additional bullish calls in the last week, also have a look at these posts: Bears The unprecedented run-up in Tesla Inc (NASDAQ: TSLA) stock has made one sell-side analyst wary about the future.
In Wayne Duggan's "3 Snowflake Analysts On Cloud Data Stock's Potential: 'Unique Technology Advantage'," see what Snowflake Inc (NYSE: SNOW) IPO underwriters had to say after the mandatory quiet period.
With tech earnings imminent, a key analyst has named some favorite stocks in the semiconductor space, including QUALCOMM, Inc. (NASDAQ: QCOM), according to Shanthi Rexaline's "4 Semiconductor Ideas Ahead Of Q3 Earnings."
It was another volatile week for stocks, as investors and analysts digested the delayed Prime Day, the new iPhones and the kickoff of an earnings reporting season.
Robintrack.net was a website that used Robinhood's public data feed to tell users how many Robinhood accounts owned a particular stock on any given day.
Also on Thursday, Robinhood sent out an e-mail prior to the market open notifying its users of an increase in the cash reserve needed to trade on margin for some widely held securities.
Following a Bloomberg report from last week on a number of Robinhood users who helplessly saw their accounts liquidated, a separate Bloomberg report said on Thursday that an internal review at the company found nearly 2,000 compromised Robinhood accounts, according to an unnamed source familiar with the review.
But some Robinhood news that may excite investors is a Bloomberg report that says the app may once again make trading data public, which would reopen the popular Robintrack.net website.
Also on Thursday, Robinhood sent out notices to its users that traders on margin would have to increase their cash position on several widely held stocks to help protect them from potential volatility related to the US election.
DNB Asset Management AS lifted its stake in shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission.
CENTRAL TRUST Co raised its position in shares of Marvell Technology Group by 70.4% during the 2nd quarter.
Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Marvell Technology Group by 21.4% during the 2nd quarter.
Needham & Company LLC raised their target price on Marvell Technology Group from $39.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, October 9th.
Argus raised their target price on Marvell Technology Group from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd.
BTC Capital Management Inc. bought a new stake in Innovative Industrial Properties, Inc. (NYSE:IIPR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
Zacks Investment Research upgraded Innovative Industrial Properties from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a report on Friday.
LADENBURG THALM/SH SH increased their price objective on Innovative Industrial Properties from $83.50 to $104.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd.
In other Innovative Industrial Properties news, Director Mary A. Curran acquired 500 shares of Innovative Industrial Properties stock in a transaction dated Friday, September 4th.
Shares of Innovative Industrial Properties stock opened at $129.51 on Friday.
Legacy Private Trust Co. decreased its position in The Walt Disney Company (NYSE:DIS) by 14.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
Guggenheim upgraded The Walt Disney from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday, August 5th.
JPMorgan Chase & Co. raised their target price on The Walt Disney from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, October 2nd.
Wells Fargo & Company lifted their price objective on The Walt Disney from $120.00 to $136.00 and gave the company an “equal weight” rating in a report on Friday, August 14th.
Morgan Stanley lifted their price objective on The Walt Disney from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th.
NEW YORK -- Wall Street closed out a choppy week of trading with more of the same Friday, as a late-afternoon stumble led U.S. stock indexes to a mixed finish.
The market had been up for much of the day after the government reported that retail sales rose in September for the fifth straight month.
The market's late-day fade capped a week of volatility for stocks as companies began reporting their third-quarter results and traders' hopes for a new round of economic stimulus from Washington dimmed.
Stocks have been mostly climbing this month, but trading became choppy this week as ongoing talks between Democrats and Republicans on an economic stimulus package failed to deliver results.
The Federal Reserve said Friday that U.S. industrial production fell 0.6% last month, the weakest showing since April’s 12.7% skid amid widespread business shutdowns due to the pandemic.