The head of Coca Cola's bottling and distribution company in France has committed suicide, for reasons that are for the moment unknown, French daily Le Figaro reported Tuesday.
Dividend yields in the Dow index are down about a quarter of a point since early June and 165 basis points since early March, as equity markets continue to trend higher, pushing yields lower. Here is a look at the dividend yields of all 30 Dow components:
On a volatile week that ended with Fed Chairman Bernanke stating that the US economy is nearing recovery, positive housing data, and oil hitting 10 month highs; the Dow, S&P and NASDAQ once again close at new highs for 2009, and end up about 1.8% or better for the week.
While real rebound in the economy is still uncertain, the best investments may be in stocks that pay investors to wait. Dividend plays are back in demand and Michael Crofton, CEO of Philadelphia Trust Company and Tim O’Brien, senior portfolio manager at Evergreen Utility and Telecommunications Fund said they should remain the core of any portfolio.
Compared to an average short interest of 2.2% for all Dow components, bets against these three companies stand at around 8%.
The correction may finally be starting: Stocks plunged more than 2% Monday in their worst selloff in 7 weeks. The Nasdaq was the hardest hit, down nearly 3%.
Warren Buffett's Berkshire Hathaway was doing more selling than buying of stocks during the second quarter, but there is one new holding: New Jersey-based medical technology company Becton Dickinson. Berkshire also added to its stake in Johnson & Johnson, although the holdings are still well below where they were before Buffett sold over 33 million shares last fall.
It is now one month since the summer rally started on July 11. Which is the worst-performing Dow component since the start of the summer rally?
Hispanic America is celebrating Saturday’s swearing-in of Sonia Sotomayor as a Supreme Court Justice. African-Americans are happy that both the Attorney General of the United States and the man in the Oval Office are black like them. And much of Caucasian Nation is breathing a self-satisfied sigh of relief because diversity has flowered and our country’s long-standing, race problems are behind us.
On a week where the US markets once again hit new highs for 2009, and the 4th consecutive week of gains helped by the better-than-expected jobs report, the major indexes are all up about 2% or greater for the week, except for the NASDAQ which ended up only about 1% for the week.
If you have your fears about the economic fate of the United States, Cramer’s got the right formula to ease your worries.
The recovery trade continues today. Cyclicals are notably outperforming more defensive names once again, with the Morgan Stanley Cyclical Index is up 3 percent, while the Morgan Stanley Consumer Index is up just 0.75 percent. This extends the recent trend that has taken place during the current summer rally.
When the New York Giants trotted out for practice today in Albany, they wore the Timex logo on their jerseys for the first time, part of watch brand’s sponsorship with the team.
US markets hit the highest levels of 2009 enforcing a summer rally, and turned in the best July since 1989 for the Dow, and 1997 for the S&P and Nasdaq. Additionally, July was the best monthly performance for the Dow since October, 2002, and April, 2009 for the S&P and Nasdaq.
If you could build a marketable baseball player from scratch, you’d probably come up with someone like Derek Jeter. A close second would be David Ortiz. Ortiz was in a major market. He was a slugger. He was part of two championship teams in a short period of time and he had a golden smile.
Dividend yields in the S&P 500 are down since late June, as a 6% rally for the US equity index this month has pushed yields lower, and companies remain cautious about increasing their dividend payouts.
The Dow opened down 53, but that is the low for the day, so far...it's been straight up from there and the index has now gone green, led by industrials like Boeing, our parent GE, Caterpillar, United Technologies, and a few consumer stocks like Kraft, Coke, and P&G.
All the major US indexes were up 4% or greater for the week, after closing roughly flat for the day on Friday. The Dow crossed and remained above 9,000 on Friday, posting its best 2-week percent gain since late March 2000.
While the Dow, S&P 500 and Nasdaq have all enjoyed quite a run over the last two weeks, 2009 is shaping up to be a tale of two markets: Nasdaq and everything else.
Many companies have reported earnings that have surprised to the upside, but how will they perform for the rest of the year? Dan Genter, CEO of RNC Genter Capital Management shared his insight and investment strategy.