Category: Blog
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Short sellers are staying away from financial stocks
How long can we expect financial sector stocks to continue to climb? Short-sellers held just 1.57% of financial sector stocks at the end of May, the lowest percentage of any of the S&P 500’s 11 groups, according to an analysis by S&P Global Market Intelligence. That compares to an average of 2.21% of shares in…
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High risk muni bonds hit decade low
Everyone is Chasing the Yield. Investors are hitting up higher risk municipal bonds which are now 13% of the market versus 10% last year. Investors have piled into muni bonds, sending yields to historically low levels. The yield on the Bloomberg Barclays Municipal Bond High Yield Index, which tracks riskier muni borrowers, fell to 3.11%…
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Caterpillar will produce zero emission mining equipment for graphite mine in Quebec, Canada
Nouveau Monde Graphite Inc. and Caterpillar Inc. are pleased to announce that they have signed an agreement where Caterpillar will develop, test and produce zero-emission machines for the Mouveau Monde’s graphite mine with a view to becoming the exclusive supplier of an all-electric mining fleet for deployment at the mine by 2028. As a World First,…
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3M loses another bellwether case involving solid earplugs
The average settlement per bellwether plaintiff — including the one who lost his case — is well over $1 million. Multiply that times the number of cases pending and 3M could be liable for damages in the hundreds of billions of dollars, plaintiffs’ attorney say. “They are staring down the barrel of over 200,000 cases,”…
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The Yield – Week ending June 18, 2021
Stocks drop for the week, oil prices hit a high, jobless claims increase, the year of the individual investor, Microsoft names new board chairman, IBM closes an acquisition, Sonoco expands recycling, and Verizon gets a contract. All that including my weekly portfolio update and dividend news
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Jobless claims on the rise
Is this something to worry about or a temporary blip? My guess is that it’s a temporary blip. I don’t expect anything near normal with the economy and employment until some time next year. It is a little odd though with so many jobs open that there would be more an increase in unemployment filings.…