When investors look for reliable dividend-paying companies, they typically consider factors such as the track record for paying and raising the dividend over time, if the company is an industry leader, if it is a growing business that can support a higher dividend expense, and the dividend yield.
It's time to take a look at the "Dogs of the Dow." Are the highest-yielding stocks of the Dow Jones Industrial Average (^DJI -0.28%) index undervalued, fantastic buys -- or did their prices fall and dividend yields soar for scary reasons?
There's no sugarcoating how terribly Nike (NKE 0.40%) has performed in 2024. At the time of this writing, the stock is down a staggering 27.4% compared to a 26.8% gain for the S&P 500.
The US Indices continue to see a lot of upward momentum, as this market continues to look frothy, but at this point in the year, it is quite common for people to try to pad their stats via the expected “Santa Claus rally.”
US stocks rose on Friday as investors digested the last monthly jobs report of the year, a crucial test of the prospects for interest rate cuts in December and beyond. The Dow Jones Industrial Average (^DJI) gained about 0.1% and the S&P 500 (^GSPC) rose 0.4% after the gauges drifted away from all-time highs at Thursday's close.
The US Indices continue to see a lot of people jumping into the market, as the so-called “Santa Claus rally”, as the market sees a lot of the underperforming money managers trying to pad their stats for clients.
Dow Inc. gets upgraded to a buy from my prior sell rating, as its 6% dividend yield and undervaluation present an opportunity. Although it has weak revenue and earnings forecasts, DOW could see an upside from future growth in the construction and data-center segments. The firm has investment-grade ratings from top agencies like Fitch.
The Dow Jones crosses the 45,000 milestone for the first time ever. Investors seeking to participate in the rally can consider these ETFs.
U.S. stocks traded mixed this morning, with the Dow Jones index falling around 50 points on Thursday.
The collaboration emphasizes DOW's MobilityScience project, which aims to drive sustainable transportation through superior material science.
The US indices all look a bit hesitant to get aggressive on Thursday in the early hours, which makes a lot of sense, as the market will be waiting to see what the Non-Farm Payroll has to say early on Friday.
Barring a global economic catastrophe, it's very likely the Dow Jones Industrial Average will land in positive territory for 2024. Year to date, the storied index is up by 18.7%.