Yields we continue to grow lower in stocks. And everything about the q4 playbook begins in the direction for yields. I do not see any fundamental catalyst in front of us for yields to fall. The last several days and certainly in the previous quarter, the equity market is telling you what the playbook should look like, and you think about utilities and in q3, they bolted down 10 , and its not about a safe haven. Utilities are down today alone, and high yielding sectors are not advantageous. The only area of the market i believe you could have a degree of confidence that while rates could stay higher for a sustainable amount of time is the mega caps. We go through the reasoning behind it, whether its the strength of the Balance Sheets or whatever it might be, and i believe a lot of it has to do with positioning. You have seen the nasdaq is slightly higher while the s p is down. Its not coming from financials. Look at financials and they are down two to 3 in the last five days, and target
NextEra Energy Partners, LP (NYSE:NEP – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 3,560,000 shares, a decrease of 37.7% from the May 15th total of 5,710,000 shares. Based on an average daily trading volume, of […]
Fort Sheridan Advisors LLC grew its holdings in NextEra Energy Partners, LP (NYSE:NEP – Free Report) by 36.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 113,219 shares of the solar energy provider’s stock after acquiring an additional 30,394 shares during the period. NextEra Energy Partners makes up 0.7% of Fort Sheridan Advisors […]