Justin Sullivan Sentiment reached negative extreme The sentiment surrounding Walgreens Boots Alliance (NASDAQ:WBA) has now reached an extreme in my view – and for many good reasons. As seen in the next chart, neither Main Street (approximated by Seeking Alpha writers) nor Wall Street analysts like the stock. To wit, among the 10 Seeking Alpha…
400tmax Since January 3, 2022, when the last stock market correction started, the Dow Jones Industrial Average (DJI) has outperformed all three other major equity indexes on a total return basis. Performance of 4 total return stock market indexes (Price Action Lab Blog – Norgate Data) Despite a gain of 55.1% for the NASDAQ-100 total…
Greggory DiSalvo With all the hype surrounding the Magnificent Seven stocks and their outperformance this year, it is not surprising the Dogs of the Dow strategy also underperformed the broader market in 2023. The 2023 Dogs of the Dow contained none of the so-called Mag 7 stocks (Meta Platforms (META), Amazon (AMZN), Apple (AAPL), Microsoft…
The three major indexes, the S&P 500, the Dow, and the Nasdaq are enjoying a continued rally as the market hopes for rate cuts. The S&P 500, the Nasdaq, and the Dow Jones Industrial Average (DIJA) all closed higher, maintaining streaks of continuous increases. The Nasdaq hit 14,904.81 after adding 0.61%, while the Dow added…
With yesterday’s historic high, the Dow Jones extends its Q4 rally to more than 10%. On the other hand, the technology sector also makes a fresh all-time high. In a historic surge, the Dow Jones Industrial Average set a new record by closing above 37,000 points for the first time. The Federal Reserve’s indication of…
Stock futures are mixed after the Dow Jones Industrial Average closed its best month in more than a year. On Friday, December 1, US Treasury yields remained without serious changes as investors were looking forward to hearing comments from Federal Reserve Chairman Jerome Powell. The behavior of stock futures this morning is mixed. Yesterday Dow…
Investors will be eyeing major announcements ahead this week such as jobs report, Federal Reserve rate decision, and Apple’s earnings. On Monday, October 30, the Dow Jones Industrial Average (INDEXDJX: .DJI) gained by over 511 points or 1.58%, ending the trading at 32,928.96. This was the biggest single-day gain market by the index, after June…
Rise in the US Treasury Yields put pressure on the market resulting into bearish weekly start on Wall Street. Yields surge past 5% with Fed planning for higher-than-longer interest rates. Macro pressure continues to hover over Wall Street as the 10-year US Treasury yields surged higher even today on Monday, October 23. The treasury yields…
Data released by the Labor Department show that CPI for September increased higher than expected, with several prices up from August. According to figures published by the Labor Department, the prices of goods and services increased quicker than expected in September. The consumer price index (CPI) rose 0.4% in September and 3.7% compared with the same period…
Analysts have warned that the rise in the bond yields could pose significant challenge to equity market and other risky investments like crypto. On Tuesday, October 3, the US equity market came under major selling pressure as the US 10-year Treasury Yield surged to the levels last seen 16 years ago in 2007. The surge…
jetcityimage In January 2023 Dow’s (NYSE:DOW) stock price reached a level of US$60 but declined in March after which it has been trading sideways at approximately US$55 per share. Yet, the stock price does not reflect the fact that the inflationary environment, customer destocking and overall economic slowdown has hit Dow midships if both sales…
Christine McCann Foreword While two-thirds of this collection of Dow Industrials is too pricey and reveals only skinny dividends, two of the five lowest-priced Dogs of the Dow are ready to buy. This month, Verizon Communications (VZ) and Walgreens Boots Alliance (WBA) live up to the dogcatcher ideal of annual dividends from $1K invested exceeding…
Nikada/iStock via Getty Images With the Dow coming off of a historic winning streak last week, below we check in on the performance of the index versus the Dogs of the Dow. The Dogs of the Dow is a stock-picking strategy that invests in the index members with the highest dividend yields at the end…