Between recent bank turmoil and a future debt-ceiling crisis, stockpickers may well go hunting for some deals. Here’s the cases for two recent upgrades: a giant grocery chain and a cigarette company with a radical product shift in the works.
Walgreens Boots Alliance is one of the Dogs of the Dow. Joe Raedle/Getty Images
The Dogs of the Dow and other income investment strategies have enjoyed a bounce so far in 2021, while convertible bonds remain hot and the preferred stock market has experienced a small pullback.
High-dividend stocks are faring well as investors rotate into value-oriented strategies. Bulls say the run could last a while given how much high yielders have lagged behind in recent years.
The Dogs of the Dow, which are the 10 highest-yielding stocks in the 30-stock
Dow Jones Industrial Average, were up 4% year-to-date through Thursday, topping the overall index, which gained 1%. That followed a poor 2020, when the 10 Dogs returned negative 7.7% including dividends, far behind the Dow’s 9.7% total return.
Trumpâs Ban on Chinese Stocks Roils Investors
Executive order was meant to hit Chinaâs military, but has frustrated some U.S. investors
The order bans Americans from trading the securities of dozens of Chinese companies such as China Mobile.
Photo: Mark Schiefelbein/Associated Press
By Jan. 10, 2021 5:30 am ET
U.S. investors have borne the brunt of an executive order signed by President Trump that was meant to hit the Chinese military by curtailing access to American dollars.
The order, which takes effect Monday, bans Americans from trading the securities of dozens of Chinese companies. People who invested in those stocks are upset after a confusing series of events over the past two weeks. During that time, U.S. officials, the New York Stock Exchange and brokerage firms sent mixed signals over which stocks would be prohibited and.