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Investors jumping into risky bundled collateralized loans
This smells of what happened just prior to the 2008 global economic recession. Issuance of new collateralized loan obligations, which buy up loans to companies with junk credit ratings and package them into securities, totaled over $59 billion as of May 20, according to data from S&P Global Market Intelligence’s’ LCD. That is the highest ever figure […]
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Oil companies increasing their footprint in renewables
I’m not big on renewable sources of energy. I’m in the camp that thinks they are not reliable enough to be a consistent supply of energy. I would like to see nuclear embraced more. All that said, oil companies are not standing still. European oil companies including BP PLC and Royal Dutch Shell PLC are building new wind and […]
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The Yield – Week ending May 21, 2021
J&J, record billions into stocks, Target news, Fed expectations and more
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The Fed lowers expectations for job growth in May
Let’s hope this is still a temporary situation due to all the chaos caused by the COVID-19 shutdowns. The quicker things return to normal the better for everyone. Federal Reserve officials and new Dallas Fed data have begun lowering expectations for May jobs growth in the United States as business hiring plans continue to outrun […]
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Microsoft will discontinue Internet Explorer
I think the user base largely took care of this for them. Who still uses IE? Edge is a great browser and it’s the one I’m using right now. Google needs to get a handle on Chrome. It’s a mess of a browser that is way too resource intensive. Internet Explorer has faded gradually from […]
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Target reports huge jump in sales and store visits
This is big news for Target and probably a result of the huge stimulus passed by Congress. I expect things to settle down with companies like Target and Walmart once we get out of stimulus mode where the government isn’t printing so much money. For now, investors in Target like myself are benefiting. Target Corp. reported robust […]
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$32 billion flowed into bank stocks this year. A record.
The reason my portfolio is a little heavy in financials is in this Wall Street Journal article. The stocks are relatively cheap and they pay a decent dividend. Almost every single stock I own in the financial sector is up by at least 5%. All of them have dividend yields over 2%. I don’t own […]
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10 questions retirees get wrong
This is a pretty good list. The one I didn’t know is at the end regarding the standard deduction. Those 65 and older get a higher standard deduction. Who says it doesn’t pay to get old? those 65 and older get an extra $1,700 in 2021 if they’re filing as single or head of household […]
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AT&T 2022 dividend cut may not be a bad thing
When investing for income the last thing you want to hear is one of your holdings announcing a dividend cut. That is the case with AT&T. They announced Monday that they will be spinning off Warner Media and Discovery into a new publicly traded company. As a result the company will reduce it’s dividend payout […]
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Pending changes to the tax law
The American Families Plan will bring changes that may effect how you invest. Be cautious this year with how you manage your assets. You don’t want to make any drastic changes until this new law is set in stone. Top marginal rate increase to 39.6% Top capital gains rate on long term gains for those […]