Williams Companies: 8.1% yield Natural gas pipeline giant Williams Companies (NYSE:WMB) is on track to achieve the midpoint of its cash flow guidance range despite all the energy market turmoil this year.
Phillips 66: 6.2% yield Refining giant Phillips 66 (NYSE:PSX) has been under some pressure this year because the COVID-19 outbreak caused gasoline and jet fuel demand to fall off a cliff.
Enbridge: 7.9% yield Canadian energy infrastructure giant Enbridge (NYSE:ENB) has been almost completely immune to this year's oil market downturn, as it's on track to achieve the midpoint of its initial cash flow guidance range.
Brookfield Property: 9% yield Brookfield Property (NASDAQ:BPY)(NASDAQ:BPYU) has been under pressure this year because of the impact the COVID-19 outbreak has had on its core office and retail portfolios.
The COVID-19 outbreak has had a significant impact on dividend stocks this year as several companies reduced or suspended their payouts to preserve cash.
Declines in Big Tech stocks, which have held out well throughout much of the pandemic, helped pull the market lower.
If it holds there, it would still be the best month for the benchmark index since April, when the market was first exploding out of the crater created by the market’s sell-off amid pandemic panic.
But while he says more volatility may hit the market in the near term as governments bring back restrictions, he’s still optimistic about its prospects into next year.
Markets around the world have taken a pause after galloping higher this month, at first on expectations that Washington will continue several pro-business policies following last week’s US elections.
While the market is showing signs of worry over the uptick in virus cases, the longer view for an economic recovery is still solid, said Brent Schutte, chief investment strategist of Northwestern Mutual Wealth Management.
The 10.5% yield is more than 4x higher than the average found among financial sector peer companies, bringing CSWC to the attention of dividend investors.Among CSWC's fans is JMP analyst Devin Ryan, who rates the stock a Buy and gives it a $17 price target.
The capital company’s portfolio includes 67 companies, $1.6 billion in assets under management, and over $6 billion in total funds invested.Stellus has been raising its dividend payment this year.
Here, we’ll take a look at three stocks that fit a profile: a Strong Buy rating from the analyst community, and a dividend yield that gives at least 10%.
Sequential gains in both Q1 and Q2 have brought quarterly revenues to $21 million, while earnings in Q3 showed a strong spike to 45 cents per share, the highest value in over two years.Rising earnings have allowed Capital Southwest to keep up its history of reliable dividend payments.
It’s true that ETFs come with fees (known as expense ratios) that aren’t charged by individual stocks.
Rowley acknowledges that this isn’t a very glamorous approach, but if investors can avoid the lure of familiarity bias (that is, the urge to invest heavily in just the headline-grabbing stocks), they can lower the risk of investing in a company that significantly underperforms the market.
“Owning a diversified portfolio is less risky than owning a handful of stocks,” says Jim Rowley, head of investor research for Vanguard Investment Strategy Group.
The stocks included in the ETF depend on the index the fund is tracking; an S&P 500 ETF, for example, would distribute your investments across all companies in the S&P 500.
Rowley says that ETFs are sometimes overlooked as a hands-off, long-term investing engine simply because investors can trade them throughout the day like stocks.
Alphabet's burgeoning cloud-infrastructure business is taking off as a strong third-place contender in the cloud wars, growing 44.8% in Q3 and accelerating over the prior quarter's 42.3% growth.
Fastly's third-quarter sales rose 42% year over year without the TikTok account thanks to a thriving portfolio of customers.
Fastly's content-delivery services play a large part in many of the streaming-video platforms that have launched over the last year, and the company's largest customer was the social media phenomenon TikTok.
Arista has also made a couple of software acquisitions this year to round out its suite of data-center management tools, and highly profitable services like this have been a key contributor to the company's resilience during some lean times the last two years.
A top cloud-hardware company back in growth mode Nicholas Rossolillo (Arista Networks): After a decade of rapid expansion, Arista Networks had a less-than-perfect stretch the last couple of years.
The NYSE FANG+TM Index, which includes the core FAANG stocks such as Apple and Amazon jumped 4.34 per cent .
The healthcare index notched its biggest daily percentage gain in about seven months.
The SP healthcare index jumped 4.5 per cent to close at a record high, and the information technology sector also gained strongly, as a divided Congress means slimmer chances for heightened antitrust scrutiny, capital gains taxes and a restoration of parts of the Affordable Care Act.
Growth stocks, currently comprised of a large portion of names in areas such as tech, surged 4.3 per cent as investors expected them to keep outperforming value stocks as they have in recent months.
It was the biggest daily percentage gain for the SP 500 since June 5 and for the Nasdaq, since April 14.
Some of the market’s sharpest moves overnight were in yields for US government bonds, which had earlier risen on growing expectations for big economic stimulus.
Other areas of the stock market, where profits are more dependent on the strength of the economy, lagged behind.
They don’t need a big stimulus effort for the economy as much as other companies, and the likelihood of Washington approving such a package dropped with the chances of a Democratic sweep.
But it followed up on a tumultuous overnight session where US stock futures and bond yields swung up, down and back again as results showed a race that’s still too early to call between Donald Trump and Joe Biden.
No Blue Wave: On Wednesday, BofA Securities analyst Kevin Fischbeck said the fact that Democrats appear unlikely to have secured a Senate majority makes the possibility of significant health care reform unlikely.
Stocks On The Move: As a result, Fischbeck said health care facility and managed care stocks likely have near-term upside, led by Humana Inc (NYSE: HUM) and UnitedHealth Group Inc (NYSE: UNH).
When it comes to the presidential race — which could be headed for recounts and/or court challenges — Fischbeck said a Donald Trump victory would represent the status quo in the health care sector and would be a positive for investors.
Benzinga’s Take: It appears health care facility and managed care stocks were pricing in a high likelihood of a blue wave victory for Democrats, an outcome that appears unlikely at this point.
Votes are still being counted in the U.S. presidential election, but health care facility and managed care stocks appear to have avoided a worst-case scenario.
The healthcare sector, typically considered more stable during times of economic uncertainty, rallied 4.9 per cent, while technology stocks surged 3 per cent.
Asia China stocks closed higher on Wednesday, underpinned by banking shares, as investors appeared to take in stride the suspension of Ant Group's closely watched mega-listing, with a strong services activity survey aiding sentiment.
Commodities The United States formally exited the Paris Agreement on Wednesday, fulfilling an old promise by President Donald Trump to withdraw the world's second-largest greenhouse gas emitter from the global pact to fight climate change.
US crude stockpiles fell sharply last week, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday.
Shares of other banks are also lagging the the market today.
Although no interest rate change is expected, the contents of the Federal Open Market Committee statement could certainly influence the markets, and bank stocks in particular.
Second, the uncertain outcome of the election is making bank investors uneasy.
Banks are an industry that is likely to be heavily impacted by whomever is occupying the White House in January, as the next president could not only influence tax policy, but other issues that will affect banks' bottom lines, particularly further economic stimulus.
Once we have a bit more clarity on the outcome of the election (presidential and Senate), the FOMC statement, and bond yields, we're likely to see bank investors breathe a sigh of relief.
Following the rollouts, Cantor Fitzgerald analyst Pablo Zuanic notes that about one-third of the U.S. population will live in states with recreational cannabis.
Of the companies he covers, Partheniou expects Curaleaf Holdings (ticker: CURLF), TerrAscend (TRSSF), and Green Thumb Industries (GTBIF) to benefit the most from New Jersey’s efforts, while Harvest Health & Recreation (HRVSF) is the leader in Arizona’s current medical market.
The ballot measure in Arizona requires regulations to be set up by April 2021, but he says a faster start date could be reasonable, given its medical market is more robust than New Jersey’s, with higher participation and far more dispensaries.
Cantor Fitzgerald’s Zuanic notes that initiatives like banking reform, de-scheduling marijuana, and making the sale of marijuana federally permissible have support from some Republicans.
New Jersey and Arizona were the biggest markets to approve recreational cannabis.
Still, gains for Joe Biden in vote tallies in the swing states of Wisconsin and Michigan cooled initial selling of marijuana and other stocks, including those of renewable energy companies, seen as potential beneficiaries of a decisive Democrat victory.
Story continues below stocks on the other hand were losing ground in early trading as prospects dimmed of a presidential victory by Joe Biden coupled with a Democratic sweep of both the House and Senate.
election: Trump declares victory even as key states still election: Trump declares victory even as key states still undecided Uber‘s shares rose 16 per cent, while Lyft jumped 18 per cent in early trading on Wednesday.
election: Biden says he believes he’s ‘on track to win,’ citing mail-in election: Biden says he believes he’s ‘on track to win,’ citing mail-in ballots Stocks of solar energy-based firms such as First Solar, Enphase and JinkoSolar traded between 3 per cent and 4.7 per cent lower.
Oil prices rose nearly 3 per cent on Wednesday after U.S. President Donald Trump falsely claimed victory with millions of votes still to be counted.
Finally, Citigroup increased their price target on VICI Properties from $23.00 to $27.00 and gave the company a “buy” rating in a report on Monday, September 21st.
Morgan Stanley increased their price target on VICI Properties from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Monday.
NEXT Financial Group Inc purchased a new position in shares of VICI Properties during the third quarter valued at about $60,000.
Cornerstone Advisors Inc. grew its position in shares of VICI Properties by 146.0% during the second quarter.
WINTON GROUP Ltd decreased its position in shares of VICI Properties Inc (NYSE:VICI) by 28.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
Beacon Investment Advisory Services Inc. lifted its position in shares of Dollar General by 1.8% during the third quarter.
KeyCorp upped their price target on shares of Dollar General from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, August 31st.
Bank of America upped their price target on shares of Dollar General from $220.00 to $229.00 and gave the company a “buy” rating in a report on Friday, August 28th.
Finally, Zacks Investment Research cut shares of Dollar General from a “buy” rating to a “hold” rating and set a $212.00 price target on the stock.
Cornerstone Investment Partners LLC reduced its holdings in shares of Dollar General Co. (NYSE:DG) by 32.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
Finally, Pinnacle Bank lifted its holdings in Vanguard Small-Cap Index Fund ETF Shares by 39.7% in the 2nd quarter.
Ellevest Inc. lifted its holdings in Vanguard Small-Cap Index Fund ETF Shares by 5.5% in the 2nd quarter.
Morgan Stanley lifted its holdings in Vanguard Small-Cap Index Fund ETF Shares by 25.4% in the 1st quarter.
BigSur Wealth Management LLC decreased its stake in shares of Vanguard Small-Cap Index Fund ETF Shares (NYSEARCA:VB) by 50.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC.
First PREMIER Bank lifted its holdings in Vanguard Small-Cap Index Fund ETF Shares by 16.3% in the 2nd quarter.
Finally, Smart Money Group LLC lifted its position in shares of iShares National Muni Bond ETF by 23.2% during the 3rd quarter.
Financial Advocates Investment Management lifted its position in shares of iShares National Muni Bond ETF by 5.3% during the 2nd quarter.
Calamos Wealth Management LLC lifted its position in shares of iShares National Muni Bond ETF by 622.0% during the 2nd quarter.
Brand Asset Management Group Inc. trimmed its position in iShares National Muni Bond ETF (NYSEARCA:MUB) by 13.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
McNaughton Wealth Management LLC lifted its position in shares of iShares National Muni Bond ETF by 15.7% during the 3rd quarter.
Toronto Dominion Bank raised its stake in General Dynamics Co. (NYSE:GD) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC.
Semmax Financial Advisors Inc. now owns 5,312 shares of the aerospace company’s stock worth $735,000 after purchasing an additional 480 shares during the last quarter.
Argent Advisors Inc. now owns 5,144 shares of the aerospace company’s stock worth $712,000 after purchasing an additional 372 shares during the last quarter.
Crawford Investment Counsel Inc. now owns 3,485 shares of the aerospace company’s stock worth $482,000 after purchasing an additional 155 shares during the last quarter.
Robert W. Baird lowered shares of General Dynamics from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $167.00 to $149.00 in a research note on Friday, October 2nd.