Performance leaders were cell phone tower REIT Crown Castle International (CCI +3.03%), nursing home REIT LTC Properties (LTC +2.28%), and pipeline operator Kinder Morgan (KMI +2.20%).
Stocks extended a big rebound from late-August lows as small caps and value stocks asserted rare market leadership, turning the tables on growth stocks that until this month had been the market’s biggest winners in 2019. The bias toward value stocks was highly beneficial to our portfolio.
The 18 stocks in the Forbes Dividend Investor model portfolio gained an average of 2.41% for the week. Our best performer was RPT Realty (RPT +7.23%), followed by the newly-added titanium dioxide maker Kronos Worldwide (KRO +5.84%).
The 17 stocks in the Forbes Dividend Investor model portfolio gained an average of 1.86% for the week. The best performance came from Newell Brands (NWL +6.80%), followed by paper producer WestRock (WRK +5.69%), and diesel engine maker Cummins (CMI +5.10%).
The S&P 500 Index sustained its fourth consecutive week of negative performance, dropping 1.38% for the week just ended. Interest rates tumbled anew, with the yield on the 10-year U.S. Treasury note finishing Friday at 1.53% on Friday.
Hanesbrands produced $5.99 per share in free cash flow over the past 12 months, covering ten times over annual dividends of $0.60 share. The stock trades at major discounts to five-year average valuations and wouldbe $22 per share if it were to reattain its average year-ahead P/E ratio of 12.7.
The S&P 500 Index fell by 1.04% for the week just ended, although retail stocks were brutalized far worse after Macy’s (M) reported worse than expected quarterly results.
First they cancel the tree planting program in the north. Then this.
The Nature Conservancy teams-up with Techstars and Tech start-ups to rapidly scale new solutions to the planet’s biggest challenges
By 2030, Britain hopes to demonstrate that even cement, steel and glass industries can operate at net zero emissions.
Even when made using hydro-electricity, aluminum production had a big carbon footprint.
…or does this augur the final breakdown of civilization?
Reusable containers, straws and utensils are making a comeback.
Gift givers around the world can benefit from this advice
Have a friend or family member who’s trying to reduce trash? Give them the tools to succeed!
From gummy bear kits and ‘suede’ purses to truffles and candles, no animals were harmed in the making of these lovely vegan gifts.
Athletes want eco-friendly gear, too! Here are some ideas for green gym gifts.
The 22 stocks in last Friday’s Forbes Dividend Investor model portfolio withstood the selloff comparatively well, falling an average of 0.83% on the week. Doing its part to pull up the average was top performer Newell Brands (NWL +8.03%).
The 20 stocks in last Friday’s Forbes Dividend Investor model portfolio gained an average of 1.26% for the week. The best performance came from Kohl’s (KSS +6.02%), which has rallied 13% in the past month. Also outpacing the market was cell phone tower REIT Crown Castle International (CCI +4.06%).
You should receive a notification via email when a new issue of Forbes Dividend Investor is published. I did not receive one in my inbox, and in case you didn’t either, here is the link for this week’s issue.
Three stocks (KRO, K, PLOW) triggered 10% trailing stops and are being removed from the portfolio, and ORIT, although it has yet to decline anywhere near 10%, is being removed because it looks overvalued and insiders are selling.
Despite strife between the U.S. and China, revenue this year at Cummins is expected to grow 1% to $24 billion, with earnings up 19% to $15.80 per share, giving the stock a P/E ratio of 9.5, well below the stock’s five-year average year-ahead P/E of 13.2.
Earlier today, a new issue email notification was sent out with the subject line ‘[TEST] Your new issue is here.’ Please disregard this email as it was sent out in error.
The 21 stocks in last Friday’s Forbes Dividend Investor portfolio gained 1.33% on average over the past week. West Texas intermediate crude oil gained 1.8% for the week, helping energy services outfit RPC, Inc. (RES +13.31%) turn in the best weekly performance of our stocks.
The 20 stocks in last Friday’s Forbes Dividend Investor portfolio fared better than the overall market, gaining 0.59% on average over the past week with 14 of 20 moving higher.