Chasing the Yield
Investing for income through dividends and distributions
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Johnson & Johnson post higher profit
The New Brunswick, N.J.-based company logged sales of $23.31 billion—a 27% increase year over year—and adjusted earnings of $2.48 a share. Wall Street analysts had forecast adjusted earnings of $2.29 a share and revenue of $22.49 billion, according to FactSet’s survey. Wall Street Journal
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IBM sees biggest revenue gain in three years
The top-line increase of 3.4%, IBM’s biggest gain in three years, comes as the company is undergoing extensive changes, including the planned spinoff of some of its legacy IT activities that remain a multibillion-dollar business. Revenue in the second quarter rose to $18.75 billion driven by its cloud, software and services businesses. The company reported…
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Today’s market dip was not a correction
The drop in the markets today was but a small blip. A correction would have looked more like a 10% drop. Keep your cool. Don’t panic. Your investment goal should encompass more than a single day move in the markets. If you look to the long term you can weather the storms.
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Exxon names new CFO
Exxon Mobil Corp. has hired Kathryn Mikells as its next chief financial officer, succeeding 43-year company veteran Andrew Swiger as the company’s top financial executive. Ms. Mikells will take over as the energy giant’s CFO Aug. 9, the company said. She previously served as CFO of Diageo PLC, a British beverage company, since 2015. Before…
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Chasing The Yield Podcast – July 19, 2021
Markets are taking a dive, J&J has more problems, Microsoft blames Israeli group, OPEC reaches compromise, hotels eliminating housekeeping, and much more!
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Do market days like today make you jittery?
I’m no longer investing for growth. I’m purely investing for income. Portfolio growth is a good side-effect if I can have it but I’m mainly looking for principal preservation. So, let me ask you, if you’re retired now like me & living off your dividends do days like today give you a scare? They shouldn’t.…