What You Need to Know Today:
Saying on Sunday that the coronavirus surge in Nevada is running at wildfire levels, Governor Steve Sislak announced new restrictions to start on Tuesday and that will run for three weeks. The new rules will require casinos, amusement and theme parks, arcades, bars, and restaurants to reduce their capacity to 25% from the current 50%. What I think is most interesting to investors, though, is the reaction of stocks with Las Vegas exposure to the news.
The returns for 2018 and 2019 for my Dividend Portfolio show the challenge facing dividend income investors during this period of extremely low interest rates.
In 2018 my Dividend Portfolio showed a yield on 3.60%. That produced $6,483 in dividend income that year. The goal of this portfolio is to beat the yield on the 10-year Treasury. On January 1, 2018 the yield on the 10-year Treasury was 2.58%. In 2019 my Dividend Portfolio showed a yield of 4.90%
According to a report from the Century Foundation, 12 million Americans are set to lose unemployment insurance by the end of 2020 with the bulk of those 7.3 million set to lose their benefits on December 26.
Utility stocks aren’t supposed to deliver higher returns than technology stocks.Utility stocks with their higher dividends and relatively slow growth are, at most times, less risky and their stocks are supposed to deliver steady growth. Technology stocks, on the other hand, are more risky, more likely to see big losses if a quarter disappoints or a product cycle shifts unexpectedly. But as compensation for that risk, they’re supposed to deliver higher returns. But that’s not what’s happening right now.
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Recent Blog Posts
- The returns for 2018 and 2019 for my Dividend Portfolio show the challenge facing dividend income investors during this period of extremely low interest rates.
- Nevada puts new coronavirus restrictions on Las Vegas casinos–but so far MGM Resorts stock gains
- Saturday Night Quarterback says (on a Sunday), for the week ahead expect…
- Trick or trend: Treasury Secretary Mnuchin just undermined the Fed and the economy–how bad will the damage be?
- It’s getting to look a lot like Christmas–and that’s a sign of deep worry at retailers
- New claims for unemployment move in the wrong direction
- Adding Duke Energy to my Dividend Portfolio
- As the day wore on, markets began to see near-term economic damage from the coronavirus as out weighing mid-term hope from vaccines
- Merry Christmas! An unemployment cliff looms for 12 million workers on December 26
- Are money managers too bullish?
- Special Report: Dividend stocks that are beating the risky rockets–Part 1 Five utility picks
- OPEC+ looking to postpone January hike in oil production
- Another Monday, another vaccine: Moderna reports 95% effectiveness for its coronavirus vaccine
- Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
- Trick or trend: Treasuries fall on vaccine news–how high do yields go?
- Oregon and New Mexico announce statewide coronavirus lockdowns
- Prospects for a coronavirus stimulus package before January 20 go from dim to dimmer
- Initial claims for unemployment drop–but it’s not enough
- This market is way, way too complacent
- What a difference a day makes for tech stocks
- Here are just some of the places in the financial sector where a Biden administration could restore stricter regulations
- Restocking the Dip-O-Meter with 14 technology stocks (so far)
- Was yesterday the high tide for near-term optimism?
- Why Pfizer’s coronavirus vaccine news is even bigger than it seemed today
- What we know/don’t know about Pfizer’s coronavirus vaccine
- Pfizer vaccine news rallies, upends stocks
- Saturday Night Quarterback says (on a Sunday), For the week ahead watch…
- Trick or trend: Infrastructure stocks pull back as investors assume that Republican control of Senate means no big infrastructure plan from Biden administration
- Hey Wall Street! This isn’t your father’s gridlocked government
- November 6: Economy adds 638,000 jobs in October