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Post by xray on Dec 14, 2022 22:19:26 GMT
We should take notice that "ANY SECURITY" worth anything (of value) took off today. What it indicates to me (single opinion) is that the "BOTTOMS" have definitely reached bottom (previously) and we will be rebuilding our current valued securities (with the current volatility going forward)....
Add to this, that current dividends and distributions will remain steady or will be increasing, by the 3rd Qtr of next year as the volatility subsides....
Live Long and Prosper....
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Post by uncleharley on Dec 14, 2022 23:45:18 GMT
How do you define value?? The only stock index that moved up today was the transports.
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Post by steelpony10 on Dec 15, 2022 21:06:37 GMT
Markets are still in the rally/crash mode. Nothing worldwide is solved yet. Evidently more of the same in 2023. Fed raises take months to work through an economy. Maybe more unknowns which are always out there. Some posters are investing in positions that pay less then the current inflation rate or worse yet sitting in cash. I don’t see any change in cash flow to equities yet. Just another view straight from grandmas crystal ball.
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rumi
Ensign
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Post by rumi on Dec 16, 2022 7:12:51 GMT
We should take notice that " ANY SECURITY" worth anything ( of value) took off today. What it indicates to me (single opinion) is that the " BOTTOMS" have definitely reached bottom ( previously) and we will be rebuilding our current valued securities (with the current volatility going forward).... So because securities rallied one day, it indicates to you that the bottom has already been reached? The bottom might have been reached already, but I just I hope you have more reasons to believe so aside from a one-day rally. |
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Post by xray on Dec 16, 2022 17:42:52 GMT
uncleharley, Your: How do you define value?? The only stock index that moved up today was the transports. --------- Some of us (income oriented type investors) define " VALUE" as a single security in our current portfolio (which is continually under current analysis ... all the time) that is currently (trading as) undervalued and paying a distribution or dividend in excess of 9% (using the 8Yr R72 maximum to get our original money back). Add to this that the " BOOK VALUE" or " NAV", against the current MktPrc must be at a current " DISCOUNT" (at the time of our initial buying of our first shares of each security in our portfolio).... We continue to hold bought securities in both up/down markets until the numb3rs tell us otherwise (then we sell some (CapGain) or all of the shares and move on).... Some of us track the individual securities and not the sectors of the market or anything else. We have found, through time, that some securities in a particular negative sector are doing well within the sector vs the sector itself. Traders leave us some very interesting securities to look at and analyze IMHO.... ---------- Live Long and Prosper....
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Post by xray on Dec 16, 2022 17:51:34 GMT
Example: Check GLP history that is currently trading at 34+ this morning that some bought as early at 18+ (With a very good dividend that was increased this year from to 0.6250/Qtrly....
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Post by xray on Dec 16, 2022 18:07:08 GMT
rumi, Your: So because securities rallied one day, it indicates to you that the bottom has already been reached? The bottom might have been reached already, but I just I hope you have more reasons to believe so aside from a one-day rally. ---------- Some of us continually monitor each security in our portfolio. If we find ourselves with a current portfolio that is doing rather well (over a Qtrly time cycle) in a volatile up/down market (and currently within our analysis acceptability requirements), and the market has a "rather crash type day" and all of our securities within our monitoring cycle is " UP" (in Mkt Value) many of us would then have to believe that the bottom has already been reached (for value type securities paying dividends). Those securities that are having a "very bad" day (and in our current portfolio) should be considered in need of reanalysis for the type of market we are experiencing. We must all be reminded that " DISTRIBUTION" type paying securities (paying LT CapGains, ST CapGains, dividends and ROC within the distribution being paid to us) do very well in " RISING" markets but " COLLAPSE" in declining markets. Distribution type paying CEF's will normally reduce their distributions month-to-month or Qtr-to-Qtr as their NAV continually goes "DOWN" (with MktPrc following).... Hope this helps a little.... Live Long and Prosper....
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Post by xray on Dec 16, 2022 18:22:27 GMT
Add to this that "INSIDER" trading also plays a "MAJOR" role in helping us confirm our analysis on any security we might currently have in our portfolio....
From my "Selling Begins" October 26th posting:
One of the ways that some income oriented investors can find some interesting securities for their portfolio's is to always look at "increases in distributions or dividends" (for the past 12 months). That is always a signal that their NAV's or book values should be increasing. If/when their MktPrc's appear stable (both up/down markets) it is something to analyze for one's portfolio. With that said....
Examples: Some of us have had GLP in our portfolio's for quite a while now and remains one of our favorites. GLP again raised their dividend to $0.605/Qtr from $0.5250/Qtr. GPP raised their dividend to $0.45/Qtr from $0.445/Qtr. HGLB raised their distribution to $0.81 from $0.71. CAPL is also very stable but they have been buying our other companies and they have had to keep their dividend stable until their buying stops. All of these securities above have been discussed on these message boards for quite a while now. Buying any security at the right MktPrc is always the problem in both up/down markets. Keep in mind that the above examples works well when held "continuously" and we are monitoring over many years (or when we find them in our searches)....
Also, watch the insiders and what they are doing currently "BEFORE" any buying/selling activity. Referencing the above:
-CAPL had insider Buy activity for 13,000 shares @ 18.45 (always compare to current MktPrc's) ... NOW 21.91 in early morning trading
-GLP had insider Buy activity for 1,000 shares @ 28.45 (always compare to current MktPrc's) ... NOW 34.01 in early morning trading
-GPP had insider had "initial statements for ownership" activity ... NOW 12.04 in early morning trading
-RVT had insider Buy activity for 1,600 shares @ 13.42 (on watch list) ... NOW 13.53 in early morning trading
Holding securities over "TIME" and going forward is difficult in a ever-changing market. Maintaining our "investments" can be more difficult...
Live Long and Prosper....
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Post by xray on Dec 16, 2022 18:54:17 GMT
Home Investing Chuck Jaffe
Opinion: This is the only stock market prediction for 2023 that you need to know
Published: Dec. 16, 2022 at 8:34 a.m. ET
By Chuck JaffeFollow
Analysts’ outlooks are ‘more about marketing than the market’. When you hear or read about an investing expert’s outlook for the year ahead, bear one thing in mind: Every forecast about 2022 was wrong. Not just a bit amiss, but complete, total busts. Oh, some strategists will claim victory for saying the stock market SPX, -1.57% would be down in 2022 or that Treasury bonds TMUBMUSD10Y, 3.468% would have yields north of 3%. Or that the yield curve would invert or that inflation would be stickier than anticipated. But they don’t deserve laurels for that. No one said the market would peak on the first day of the calendar year and go downhill from there and, ultimately, that’s the only tale of 2022 that investors will remember.
Expect forecasts for 2023 to be equally miscalculated
That doesn’t mean investors should ignore or dismiss the exercise of experts offering outlooks, but it’s why you should question the motives of the soothsayers and revisit one of the greatest market forecasts of all time that’s well on its way to becoming true no matter what the market dishes out next year. Face it, market strategists and economists don’t make forecasts because they want to, but rather because they have to. Keeping their jobs depends on making mostly lame predictions. Say something memorable, and the expert and firm might be held accountable for it; pabulum, however, gets overlooked when it’s wrong.
Obvious observations
Thus, forecasts lack insight, gravitating toward the middle ground, to obvious observations on the effect of economic and stock market cycles. “It looks bad if they don’t have an opinion, but worse when they get something wrong, so most forecasts say as little as possible,” said Jeff Rosenkranz, a fixed-income portfolio manager at Shelton Capital Management, after we finished an interview last week for my podcast, “Money Life with Chuck Jaffe.” “You’re not getting much insight — if they have really valuable insights, this isn’t where they want to tell the world — so most forecasts just aren’t worth much.” "So much more thorough and easier to manipulate than the 'plan' created for me by my advisor. When something changes in my life or my thinking, bingo! I just change assumptions and make sure I still live longer than my money!" – Eric, 56
Adds Howard Yaruss, a New York University professor and author of the recent book “Understandable Economics”: “If you are talking about a fine-tuned forecast about stocks and asset values, I don’t see how anyone could go there; accurate predictions aren’t going to happen, or will be luck if they turn out true. Their statements are more about marketing than the market.” One of Wall Street’s best-known prognosticators says credibility is impossible without accountability, but he acknowledges the tightrope experts walk if they say too much. Bob Doll, chief investment officer at Crossmark Global Investments, started making forecasts — 10 specific prognostications covering markets, the economy, politics and more — in the 1990s while working for Oppenheimer. He carried the exercise with him during well-chronicled career stops at BlackRock BLK, -1.12%, Nuveen and elsewhere, and historically has been right on north of 70% of his calls.
‘Wordsmithing’
“There’s wordsmithing going on; you word them so that you have a noticeably higher than 50% chance of getting them right, and then say a few things you truly believe in that will make you look really smart if they happen without making you look dumb for believing it,” Doll says. Good forecasts are not just an academic, rote exercise, Doll says, provided that they’re relevant, prompt thoughtful reactions from the audience and that the expert stands by them. Doll revisits his forecasts every quarter and doesn’t alter them in response to current events. “You call the beast as you see it,” he says, “and then you stand by it and live with it, and you don’t worry about getting them all right because if you haven’t gotten something wrong, you’ve only said the obvious.”
Wildest market forecast
Which leads to what I think is the best, wildest market forecast of all time, even if it’s more obvious than it appears: Dow DJIA, -1.46% 116,200. If that sounds far-fetched with the Dow Jones Industrial Average standing at roughly 33,500 — and down about 8% since the start of the year — consider that the prognostication was made in 1995 with the index hovering around 4,500. Also, the call was for the benchmark to hit that level in 2040. Bill Berger, founder of the Berger Funds — which merged into the Janus funds in 2002 — made the call at the first Society of American Business Editors & Writers Conference on Personal Finance in Boston, giving one of the best talks I’ve ever heard, mostly railing against forecasting and the habit of making too much of market milestones. (If the Dow 116,200 prediction rings familiar to you, chances are you learned about it from me, as I raised it periodically while working as senior columnist for MarketWatch between 2003 and 2017. Today marks the return of my column to this site, and I’m glad to be back.)
Berger cited what he called “the two rules of forecasting.”
-Rule 1: For each forecast, there is an equal and opposite forecast.
-Rule 2: Both of them are wrong.
Ironically, 116,200 sounds implausible, but looks dead solid perfect. By 1995, Berger had worked in investments for 45 years; when he got started, the Dow was below 200. Mathematically, he saw the Dow’s future as reflecting the past; repeating the growth he’d lived through would push the benchmark to 116,200 over the next 45 years. A septuagenarian at the time, Berger wryly suggested that if he was proved wrong, people come find him to discuss it; sadly, he died a few years later.
The long game
Despite the outlandishness of the forecast, Morningstar calculates that hitting the target would have required an annualized gain of roughly 7.35% over the 45 years. When the Dow peaked on Jan. 4, 2022, the necessary gain was down to 6.33% annualized. As of Dec. 1, Morningstar calculates that hitting 116,200 in the fall of 2040 will take a 7.07% annualized gain, which feels like a safe bet. Thus, 2022’s disappointments haven’t derailed long-term investors any more than they’ve crashed the greatest-ever market forecast.
That’s the lesson to remember when confronted with 2023 forecasts; neither the market’s issues nor experts’ ability to diagnose them will derail long-term financial plans or make lifetime goals unreachable.
That’s a prediction worth betting on.
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Live Long and Prosper....
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Post by richardsok on Dec 16, 2022 22:02:14 GMT
Good post, X.... and I really liked the Berger quote.
But there's not much in the article that some of us haven't been saying for a long, long time. You're guessing the market will always recover from every crash and bear mkt and churn ever-higher for the rest of our lives.
Why does that feel scary?
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Post by xray on Dec 18, 2022 21:57:36 GMT
richardsok, Your: I really liked the Berger quote But there's not much in the article that some of us haven't been saying for a long, long time. You're guessing the market will always recover from every crash and bear mkt and churn ever-higher for the rest of our lives. Why does that feel scary? ---------- I liked the article (also) as it substantiates some of our current thinking that many analysts, traders and investors all have different opinions of the market and that makes us work harder in our individual analysis.... Not really scary " IF" we continue to believe in our capital system. Many of us, born in the 30's (or before), realize that we have had some major decay in our belief in the original three beliefs of God/Country/Family to the current of something else. Ukraine is a good example of this as "Country" was placed lower in rankings. Here in the US, we have gone from approximately 75% of our population serving in the Military to approximately 25%. We used to get our presidents and congress people from military service (of some kind). Now we don't.... Bottom Line: We currently remain the greatest Country in the world (everyone wants to come here). We will continue to "churn" higher until our money becomes second rate (currently 30T in debt) and then the market will not remain as safe as many of us currently believe.... Live Long and Prosper....
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Post by xray on Dec 18, 2022 23:34:07 GMT
Yahoo Finance Where stocks could be years from now (and what they could do in the next few weeks) Sam Ro Sun, December 18, 2022, 8:42 AM EST This post was originally published on TKer.co Stocks tumbled last week, with the S&P 500 falling 2.1%. The index is now up 7.7% from its October 12 closing low of 3,577.03 and down 19.7% from its January 3 closing high of 4,796.56. Last week’s sell-off came as the Federal Reserve renewed its commitment to fight inflation with increasingly tight monetary policy. (You can read more about why this has been bad for stocks here and here.) Earlier this month, I shared a roundup of what 16 top strategists were forecasting for the S&P 500 in 2023, noting that this stuff has limited value for investors with long time horizons. In their reports, some strategists shared their thoughts on the longer-term outlook for the market. They included Brian Belski, chief investment strategist at BMO Capital Markets, who argues that the short-term, cyclical bear market we’re experiencing represents a hiccup in a much longer-term, secular bull market. “[W]e continue to believe that U.S. stocks are in the midst of a secular bull market,” he wrote in a Nov. 30 research note. “It is important to note that cyclical bears are not necessarily secular bull killers. In fact, there have been six cyclical bears during the previous two secular bull markets — four between 1948 and 1968 and two between 1982 and 2000 — and US stocks managed to continue their trek higher after each of these.” Belski has been calling this a secular bull market for over a decade, and years of higher prices suggest he’s been nailing it. Barring some big rallies in the coming years, 2022’s bear market seems likely to put a big dent in longer-term average returns. But by no means does this seem to spell doom for investors. “Although the S&P 500 10-year annualized return may have already peaked, it has taken roughly six years during the two prior secular bulls for 10-year returns to make definitive moves below the 6.5% historical average,” Belski added. “From our lens, we see normalized and moderate gains in the coming years as more likely than losses.“ Savita Subramanian, head of U.S. equity strategy at BofA, also sees positive, albeit modest, returns in the coming years. On a November 28 call with reporters, she offered a 10-year forecast of “+5% annualized price returns,” which would bring the S&P 500 north of 6,000. She pointed to the S&P 500’s P/E ratio, a metric that has little predictive power in the short-run but a better track record in the long-run. “The current normalized P/E of 22x implies 5.1%/yr annualized returns over the next 10 years based on the historical relationship,” she said. So, even while many are cautious about the short-term, at least some are confident the longer-term averages will look a lot better. (And who’s to say actual returns won’t blow away those expectations.) Everyone’s talking about a near-term sell-off. A contrarian signal? Last week, I wrote about how many market experts predicted earnings estimates would be slashed further and that many saw that as bearish for stocks in the early part of 2023. Barron’s new cover story, published Saturday, had this narrative right in its headline. (Source: <a href="https://www.barrons.com/articles/2023-market-economic-outlook-51671218519" rel="nofollow noopener" target="_blank" data-ylk="slk:Barrons" class="link rapid-noclick-resp">Barrons</a>) (Source: Barrons) Belski and Subramanian have been among the strategists that have been warning of near-term weakness. But in recent days, both acknowledged the problem of that becoming a consensus call. “I do think that we are going to go down and then up,” Subramanian said in a Dec. 7 interview with Bloomberg. “The problem is that is an increasingly consensus view. So I think the bigger risk heading into the first half is actually not being invested in equities.“ “We said coming into 2023 and in our year-ahead piece that the first part of the year would be weak and choppy,” Belski said to CNBC on Friday. “We seem to be pulling that a little bit forward. And so the pullback is already done in our view.“ “Everybody and their mother, brother, sister, cousin, and uncle is negative on the first half of the year,” he added. “ So we'll come out and be a little bit different. I think the weakness is probably not going to be as long as everybody thinks.“ The thing about certain risks is that the become less of a problem for markets the more market participants talk about them. That said, at TKer we like to emphasize the advantages of thinking long-term when you’re investing in the stock market. As 2022 has confirmed very clearly, the short-term can be very difficult to predict, even if you know where the fundamentals are headed. “Think about the long game, and don't sell everything,” Subramanian said to Bloomberg. “I don't think this is the time to be out of equities.“ A quick note about the ‘Santa Claus Rally’ 🎅🏻I know we just spent a bunch of time emphasizing the importance of thinking long term. But for fun’s sake, here are the stats for the “Santa Claus Rally,” the phenomenon where the S&P 500 tends to trend higher over the last five trading days of the year and the first two of the next. (Source: <a href="https://jeffhirsch.tumblr.com/post/703806290548457473/santa-claus-rally-mid-december-low-january" rel="nofollow noopener" target="_blank" data-ylk="slk:Almanac Trader" class="link rapid-noclick-resp">Almanac Trader</a>) (Source: Almanac Trader) “The S&P 500 posts an average gain of 1.3%,” Almanac Trader’s Jeff Hirsch writes. “Failure to rally tends to precede bear markets or times when stocks could be purchased at lower prices later in the year.” I wouldn’t bet my portfolio on this, but I’ll admit it makes for some short-term fun.__________ Live Long and Prosper.... |
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Post by xray on Dec 18, 2022 23:54:21 GMT
STOCK MARKET TODAY
Dow Jones Futures: After Stock Market Rally's Ugly Outside Week, Here's What To Do
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ED CARSON06:42 PM ET 12/18/2022
Dow Jones futures were little changed Sunday evening, along with S&P 500 futures and Nasdaq futures.
The stock market rally suffered heavy damage last week in the wake of a hawkish Fed outlook and weak economic data that raised concerns that the Federal Reserve will drive the economy into a recession. The Nasdaq and S&P 500 index closed the week below their 50-day moving averages. Megacap stocks remain a drag on the major indexes, especially Apple (AAPL) and Tesla (TSLA), with TSLA stock plunging to fresh bear market lows. Amazon.com (AMZN) and Google parent Alphabet (GOOGL) aren't too far away from their lows. Microsoft didn't lose too much for the week but fell back from the 200-day line. Nvidia (NVDA), which had been part of a chip rebound, reversed lower, back below key support. But the megacaps aren't hiding underlying strength. Most stocks that had flashed buy signals in recent days and weeks turned south. Leading sectors also suffered. Insulet (PODD), Commercial Metals (CMC), Elf Beauty (ELF), Peabody Energy (BTU) and Dow Jones giant Caterpillar (CAT) are holding up relatively well. None are actionable right now, however.
Investors should be wary of making any buys in the current market, but focused on trimming exposure and building up watchlists. Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.
Stock Market Rally
The stock market rally soared Tuesday morning, but then sold off hard, ending the week with sharp losses. The Dow Jones Industrial Average fell 1.7% in last week's stock market trading. The S&P 500 index shed 2.1%. The Nasdaq composite slumped 2.7%. The small-cap Russell 2000 gave up 2.4%. The 10-year Treasury yield fell 9 basis points to 3.48%. Despite the hawkish Fed talk, markets expect a quarter-point hike in February and in March, but with a growing chance that there will no move in March. U.S. crude oil futures rose nearly 5% to $74.29 a barrel last week.
ETFs
Among growth ETFs, the iShares Expanded Tech-Software Sector ETF (IGV) erased big early gains to finish the week off 0.5%, with MSFT stock a major holding. The VanEck Vectors Semiconductor ETF (SMH) staged its own outside, downside reversal week, losing 2.9%. Nvidia stock is a top SMH component. Reflecting more-speculative story stocks, ARK Innovation ETF (ARKK) skidded 4% last week, just above a five-year low. ARK Genomics ETF (ARKG) dipped 0.4%. Tesla stock remains a major holding across Ark Invest's ETFs. SPDR S&P Metals & Mining ETF (XME) sank 2.6% last week. The Global X U.S. Infrastructure Development ETF (PAVE) lost 2.6%. U.S. Global Jets ETF (JETS) descended 3.6%. SPDR S&P Homebuilders ETF (XHB) edged up 0.4%, but closed near weekly lows. The Energy Select SPDR ETF (XLE) rebounded 2% and the Financial Select SPDR ETF (XLF) gave up 2.5%. The Health Care Select Sector SPDR Fund (XLV) shed 1.8% after nearing record highs on Tuesday.
Dow Jones tech titan Apple stock sold off 5.4% for the week, to 134.51. AAPL undercut October-November lows, with the June bear market low of 129.04 up next. Fellow Dow component Microsoft dipped 0.3% to 244.69, but after retreating from 263.92 Tuesday morning as it ran into the 200-day line. Amazon stock fell just 1.4% to 87.66, but tumbled from weekly highs of 96.25 to close near the Nov. 9 bear market low of 85.87. Google stock slumped 2.8%, reversing lower from Tuesday's highs. Nvidia moved above its 50-day line early in the week, but ended up down 2.5%. Tesla stock was the big loser, plunging 16.1% to 150.23, the lowest since November 2020. It was the worst weekly decline since the Covid crash in March 2020. China demand concerns, Elon Musk's latest TSLA stock sales and Musk's Twitter focus are all weighing on shares. Tesla will build a new auto plant in northeastern Mexico, Bloomberg reported Friday night, with an announcement likely in the coming days. It's unclear what vehicles the factory may produce. A Mexico plant would offer relatively lower costs vs. Tesla's Fremont, Austin and Berlin factories, while still close to the U.S.
Market Rally Analysis
In a few days, the stock market rally abruptly shifted from moving above a trading range to tumbling below. The weekly percentage losses on the major indexes were large, but the damage was far worse. Soon after Tuesday's open, the major indexes all hit rally highs on a tame inflation report, with the S&P 500 back above its 200-day line and the Dow Jones at its best levels in nearly eight months. But the indexes slashed gains, with the S&P 500 closing below the 200-day. On Wednesday, the key indexes reversed lower as the Federal Reserve and Fed chief Jerome Powell signaled several more rate hikes ahead. On Thursday, the selling intensified amid weak economic data that fanned recession fears. The Nasdaq and Russell 2000 fell below their 50-day lines, while the S&P 500 and Dow Jones broke below their 21-day lines. All sank to their worst levels in over a month, undercutting weeks of sideways trading. On Friday, the S&P 500 tumbled below its 50-day line. The Dow is nearly there. It was a big, negative outside week for all the major indexes, with the highs and lows surpassing the range over the prior four weeks. Leading stocks have been pummeled, with few exceptions. Industrials, solar, medicals, travel and various chip and networking names are all coming under modest-to-intense pressure.
Megacap stocks remain clear laggards overall. Tesla stock continues to plunge to fresh two-year lows. Amazon stock is just above bear-market lows while Google is moving in that direction. AAPL stock tumbled to the lowest level in nearly six months, with bear lows in sight. Microsoft stock and Nvidia may not be laggards, but they aren't leading either. Both are below their 200-day lines. Perhaps this uptrend is a bear market rally that's run its course, with the indexes headed back toward their October lows. Perhaps the S&P 500 will rebound quickly or be rangebound for an extended period. The only thing that's clear is that the market is not acting well right now.
What To Do Now
Investors should be reducing exposure due to the deteriorating overall market and the performance of most individual stocks. While under pressure, it's still a market rally. A few good days could shore up confidence in the uptrend and bring more stocks back to buy areas. Of course, even in that scenario, investors should be wary of new buys, given the rally's pattern of pulling back and erasing solid gains. So stay engaged. Keep working on watchlists. Focus on stocks that are holding key moving averages and support levels and generally showing strong relative strength, such as Caterpillar, Insulet and ELF stock.
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Live Long and Prosper....
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Post by xray on Dec 24, 2022 20:27:33 GMT
Home Investing Stocks Mark Hulbert Mark Hulbert Big institutional investors are buying while retail investors are dumping stock funds and ETFs. That’s bullish for the market.Last Updated: Dec. 24, 2022 at 8:55 a.m. ET First Published: Dec. 23, 2022 at 7:18 a.m. ET By Mark HulbertFollow The behavior of retail investors is a good contrarian indicator The stock market’s longer-term prospects are looking up, according to flow data for U.S. equity mutual funds and ETFs. That’s because institutional investors over the past 12 months have poured significantly more money into U.S. equity funds than retail investors have taken out. Institutions have a longer-term investment horizon than the typical retail investor. So it’s encouraging that they on balance are not only buying the shares which retail investors are unloading, but investing even more. The chart (not currently shown) above summarizes the data, courtesy of EPFR-TrimTabs. Over the 12 months through the end of November 2022, during which the Vanguard Total Stock Market ETF VTI, +0.55% lost 11.3% and the Nasdaq Composite Index COMP, +0.45% lost 26.2%, institutional investors poured a net $408.6 billion into U.S. equity funds. Meanwhile, net outflows from retail investors, in contrast, totaled $310.1 billion. Winston Chua, an analyst at EPFR-Trim Tabs, said in an email that “it is a longer-term positive” that institutions are exhibiting confidence in equities.
It’s worth noting that these 12-month totals are not being skewed by extreme readings from just a couple of months. Institutions have been the source of net inflows in 10 of the past 12 months, according to EPFR-TrimTabs. And retail investors have been the source of net outflows in each of the past 12 months.Retail investors have a much shorter investment horizon than institutional investors, and are far more reactive. They tend to sell after the market has begun to decline, just as they tend to chase a bull market higher. This is why the behavior of retail investors is such a good contrarian indicator: They will be maximally bearish at market bottoms and maximally bullish at market tops. So not only is the net inflow from institutional investors a bullish omen in its own right, so also is the large net outflow from retail investors over the past year. The contrasting behavior of retail and institutional investors is the source of Warren Buffett’s famous line that “the stock market is a device to transfer money from the impatient to the patient.” We should worry about the stock market’s longer-term prospects only when patient investors themselves lose patience. Fortunately, that is not happening right now. ---------- Comment: If we study the analysts comments (negative markets vs positive markets), many of us (yours truly also) tend to become confused as to what we are supposed to currently do?  Real world, with patience and some thorough analysis, we should be able to define the differences between "GOOD INVESTMENTS vs BAD INVESTMENTS". Example: GLP/CAPL/HGLB/KYN vs GLO/GLQ/GLV/EDF/EDI "currently". No matter how we do our individual analysis, we should be able to see the differences IMHO. Add to this, We are "NOT" investing into the security itself but in the " MANAGEMENT" (CEO-CFO/CEF Managers).... Good Investing.... Live Long and Prosper.... |
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Post by xray on Dec 28, 2022 23:19:23 GMT
uncleharley, steelpony10, rumi, richardsok, Are Oils-Energy Stocks Lagging Global Partners (GLP) This Year? Zacks Equity Research Wed, December 28, 2022, 9:40 AM EST The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Global Partners LP (GLP) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Global Partners LP is a member of the Oils-Energy sector. This group includes 247 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Global Partners LP is currently sporting a Zacks Rank of #1 (Strong Buy). Within the past quarter, the Zacks Consensus Estimate for GLP's full-year earnings has moved 55.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. Our latest available data shows that GLP has returned about 53% since the start of the calendar year. Meanwhile, the Oils-Energy sector has returned an average of 41.9% on a year-to-date basis. As we can see, Global Partners LP is performing better than its sector in the calendar year.
Looking more specifically, Global Partners LP belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, a group that includes 7 individual stocks and currently sits at #95 in the Zacks Industry Rank. Stocks in this group have gained about 20.4% so far this year, so GLP is performing better this group in terms of year-to-date returns. Helmerich & Payne (HP) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 107.2%. In Helmerich & Payne's case, the consensus EPS estimate for the current year increased 36% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). Helmerich & Payne, however, belongs to the Oil and Gas - Drilling industry. Currently, this 7-stock industry is ranked #10. The industry has moved +67.7% so far this year. Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Global Partners LP and Helmerich & Payne as they could maintain their solid performance. ---------- Comment: Many investors are "copying" the current market performance/decline by keeping some cash (50% roughly currently) with their current CapGain performers. Add to this that the same investors are selling some securities for current CapGains (and using % of SB* methodology) to continue to maintain the 50% cash numb3r.... *SB= "S"ell some or all shares of current security getting the CapGain and "immediately" "B"uying back some or all of the shares previously sold (for the lower MktPrc and reducing the previous "HIGHER" MktPrc).... Live Long and Prosper....
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Post by xray on Dec 31, 2022 20:00:50 GMT
MarketWatch
S&P 500's energy sector set to finish 2022 with record gains as U.S. stock market tanks
Christine Idzelis
Fri, December 30, 2022, 3:27 PM EST
The S&P 500's energy sector is set to end the year with record gains, even as the U.S. stock market heads for its worst performance since 2008, according to Dow Jones Market Data. While the S 500 index is on pace to drop around 20% in 2022, its energy sector has soared more than 58% this year, according to FactSet data, at last check. This would be the first time ever that energy finished as the lone winner of the SP 500 for a calendar year, according to Dow Jones Market data.
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Live Long and Prosper....
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Deleted Member
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Post by Deleted on Jan 1, 2023 2:33:59 GMT
xray, X - thank YOU very much for all your great informational posts this year. I have appreciated them and found much useful information. Have a lovely 2023!
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Post by xray on Jan 11, 2023 21:09:42 GMT
uncleharley, steelpony10, rumi, richardsok,@slooow, Something for CEF "DISTRIBUTION" income oriented investors to look at currently (IF ONE IS TO BELIEVE THAT THE MARKET WILL assuredly END "UP" BY 12/31/23): GLO (10%), GLQ (10%), GLV (10%), and OPP (12.5%) have issued their "NEW REDUCED" distribution policies for the year (based on 12/31 NAV data). The distributions are "FIXED" for 2023 until (again) 12/31/23 when they will again change. Any "extended" increase/decrease in the NAV during the 2023 year will not affect the fixed distribution policy. In any " RISING" markets, distributions are very good investments for the longer term.... Currently, -GLO has a NAV of 5.78 with a MktPrc of 5.09 with a "NEW" announced current distribution announcement of $.0483/month (5.796/Yr) -GLQ has a NAV of 7.19 with a MktPrc of 6.50 with a "NEW" announced current distribution announcement of $.0599/month (7.188/Yr) -GLV has a NAV of 7.23 with a MktPrc of 6.55 with a "NEW" announced current distribution announcement of $.0597/month (7.164/Yr) Keep in mind that "dividends" are not normally affected by monthly changes in the NAV. Dividend changes to the upside are highly unusual in any cup markets.... We should take notice that the current investors in the above CEF's are currently (or have been) bailing out and driving the MktPrc's lower.... Live Long and Prosper....
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Post by xray on Jan 11, 2023 21:19:16 GMT
Here is the data for OPP:
Currently,
-OPP has a NAV of 9.96 with a MktPrc of 9.10 with a "NEW" announced current distribution announcement of $0.1021/month (1.225/Yr)
Live Long and Prosper....
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Post by richardsok on Jan 12, 2023 0:07:37 GMT
x---
Those newly announced distys in all three are sharply reduced from previous. None of those CEFs have been earning anything like their distributions.
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Post by xray on Jan 15, 2023 22:23:48 GMT
InvestorPlace
3 Cannabis Stocks to Watch in 2023
Ian Cooper
Wed, January 11, 2023, 8:31 PM EST
In this article:
AFCG
+0.97%
IIPR
+1.25%
According to a Pew Research poll, 88% of U.S. adults support the legalization of marijuana for medical and recreational purposes. Only 10% oppose it. Therefore, it’s likely only a matter of time before cannabis is federally legalized. So, investors should have some top cannabis stocks to watch on their radar.
Late last year, a bipartisan group of Congress members sent a letter to President Joe Biden asking that he back federal legalization. “While we do not always agree on specific measures, we recognize across the aisle that continued federal prohibition and criminalization of marijuana does not reflect the will of the broader American electorate,” the letter said. “It is time that your administration’s agenda fully reflect this reality as well.”
Many states have already passed laws legalizing cannabis, while the Biden administration is reviewing cannabis scheduling. When federal legalization comes to pass, the sector is likely to explode higher. In the meantime, why not get paid to wait with dividend-paying cannabis stocks?
AFCG
AFC Gamma
$15.89
NLCP
NewLake Capital Partners
$16.10
IIPR
Innovative Industrial Properties
$102.68
AFC Gamma (AFCG)
First up on the list of cannabis stocks to watch is AFC Gamma (NASDAQ:AFCG), a commercial mortgage real estate investment trust that provides financing to the cannabis industry in the form of loans.
Shares have struggled over the past year, falling 31%. However, they are up close to 4% so far in 2023. With more U.S. states and countries throughout Europe looking to legalize cannabis for recreational and medicinal purposes, bullish momentum could continue in the sector this year.
Due to current federal laws, cannabis companies can’t get regular financing from banks. Companies like AFC Gamma have an important role to play in providing things like mortgage and construction loans. One might think, then, that legalization would not be a positive for AFC Gamma, as it would increase competition from banks. However, the benefits of legalization, which is likely to lead to a big spike in demand and dollars flowing to the sector, should far exceed the drawbacks of increased competition.
In its most recent quarter, the company posted net income of $11.5 million, up 45% year over year. Moreover, AFC Gamma paid a quarterly dividend of 56 cents per common share, which was 30% higher than the year-ago payout. Shares currently throw off a yield of more than 14%.
As a high-yielding REIT, AFC Gamma represents a great way to trade the sector’s potential.
NewLake Capital Partners (NLCP)
A close-up shot of a marijuana growhouse.
A close-up shot of a marijuana growhouse.
Source: Shutterstock
The next of the dividend-paying cannabis stocks to watch is NewLake Capital Partners (OTCMKTS:NLCP), which provides real estate capital to state-licensed cannabis operators. NewLake has “a portfolio of 32 cultivation facilities and dispensaries that are leased to single tenants on a triple-net basis,” which means tenants are responsible for paying monthly base rent, as well as insurance, maintenance, taxes and utilities associated with leased properties.
NLCP is down 40% over the past year. However, shares have rallied 30% since hitting a 52-week low in late September.
NewLake released its third-quarter results in early November. Revenue increased 50% year over year to $12.1 million. Net income attributable to common stockholders and participating securities jumped 71% from a year ago to $6.5 million, while diluted funds from operations were up 56% to $10.3 million.
Following this strong quarter, the company announced a $10 million share buyback program, which is a positive sign. And, of course, it’s also rewarding shareholders through dividends, paying out 37 cents per share in the most recent quarter for a forward annual yield of 9.6%.
Innovative Industrial Properties (IIPR)
A close-up shot of hands holding a grinder with cannabis buds in the background representing aurora stock.
A close-up shot of hands holding a grinder with cannabis buds in the background representing aurora stock.
Source: Shutterstock
Last up on today’s list of cannabis stocks to watch is Innovative Industrial Properties (NYSE:IIPR), a real estate investment trust with 111 properties and approximately 8.7 million rentable square feet that it leases to state-licensed cannabis operators.
The company reported better-than-expected Q3 results in November. Revenue rose 32% year over year to $70.9 million, while net income of $37.3 million was up 25%. Adjusted funds from earnings rose 34% from a year ago to $60.1 million.
Shares are down 50% over the past year. More recently, they fell from a high above $125 in early December to a low of $95.50 on Jan. 5. At its current level around $106, IIPR appears technically attractive. Shares have just started to pivot higher and could retest $110 again shortly.
Longer term, I expect to see IIPR trade back up to $122.50, which is 15% above today’s price. Roth Capital analysts are even more bullish. They see shares going to $170, implying upside of 60%.
While investors wait, they can collect a hefty dividend yield of 7.2%.
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Comment: Current analysis data shows AFCG in a "STABLE" positive environment and currently 7star (in my world of analysis) and is my (sole opinion) choice of the three shown above for Income oriented investors while investors wait the longer term. Current dividend is shown as 13.45% currently (COB Friday). Considering any initial investment, investors IMHO should not exceed the normal 2% of portfolio considering the current market and the volatility off it in the shorter term....
Live Long and Prosper....
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Post by xray on Jan 15, 2023 22:39:04 GMT
richardsok, Your: x--- Those newly announced distys in all three are sharply reduced from previous. None of those CEFs have been earning anything like their distributions.... --------- If you look back in my much earlier 2022 posts, you will take note that I " STRONGLY RECOMMENDED" that investor sell these particular CEF's. I believe GLO,GLQ and GLV was on a much earlier message string this past year. I, like you, took note that they were paying the (12/31/2021) distribution at the expense of the collapsing "NAV" and warned income investors that the "DISTRIBUTION" (not a dividend) could not be maintained.... Currently, if we "expect" the end of this year (2023 / 12/31/2022) to be substantially up from the 12/31/2022 drop in the distribution (where the NAV will "FAR OUTGO the announced "predetermined" distribution amount, we will know that the income investors (starting) in January 2024 and forward (all of 2024) will be receiving a "EOY" payout even if not formally announced as such (forward thinking). If we believe the NAV and the market will not improve by 12/31/2023, then we should pass. All of my current data is, as you have basically already stated, is extremely negative but that should be changing.... Currently, all are performing very well in ("NAV"/2023 / COB Friday) in the current market environment (using NAV's of 12/31/2022) IMHO.... Live Long and Prosper....
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Post by xray on Jan 15, 2023 22:41:28 GMT
Aug 15, 2021 at 2:15pm ReplyQuote Edit like Post Options
Post by xray on Aug 15, 2021 at 2:15pm
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Transferable Rights Offering
Fri, August 13, 2021, 4:30 PM
CHICAGO, August 13, 2021--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the "Fund") (NYSE: OPP) announces that its Board of Directors (the "Board") has authorized and set the terms of an offering to the Fund’s stockholders of rights to purchase additional shares of common stock of the Fund.
In this offering, the Fund will issue transferable subscription rights ("Rights") to its stockholders of record as of September 7, 2021 (the "Record Date" and such stockholders "Record Date Stockholders") allowing the holder to subscribe for new shares of common stock of the Fund (the "Primary Subscription"). Record Date Stockholders will receive one Right for each share of common stock held on the Record Date. For every three Rights held, a holder of Rights may buy one new share of common stock of the Fund. The Rights are expected to be listed and tradable on the New York Stock Exchange ("NYSE") under the ticker: OPP.RT.
Record Date Stockholders who fully exercise all Rights initially issued to them in the Primary Subscription will be entitled to buy those shares of common stock that are not purchased by other Record Date Stockholders. The shares of common stock issued as a result of the rights offering will not be record date shares for the Fund’s monthly distributions to be paid in August or September 2021 and therefore will not be entitled to those distributions.
The subscription price per share of common stock will be determined based upon a formula that will be no less than equal to 95% of the market price per share of common stock or 97.5% of the reported net asset value, whichever is higher on the Expiration Date (as defined below). Market price per share of common stock will be determined based on the average of the last reported sales price of a share of common stock on the NYSE for the five trading days preceding (and not including) the Expiration Date. The subscription period will expire on October 1, 2021, unless extended by the Board (the "Expiration Date").
The rights offering will be made pursuant to the Fund’s currently effective shelf registration statement on file with the Securities and Exchange Commission ("SEC") and only by means of a prospectus supplement and accompanying prospectus. A final prospectus supplement and accompanying prospectus will be filed with the SEC but has not been filed as of the date of this release. The Company expects to mail subscription certificates evidencing the subscription rights and a copy of the prospectus supplement and accompanying prospectus for the rights offering shortly following the Record Date. These securities described in this release may not be sold nor may offers to purchase be accepted prior to the time the prospectus supplement and accompanying prospectus are filed with the SEC.
This press release shall not constitute an offer to sell or constitute a solicitation of an offer to buy.
The investment objective of the Fund is current income and overall total return. The Fund had approximately $316 million of total managed assets1 and 15.4 million shares of common stock outstanding as of July 31, 2021.
The Fund is a closed-end fund and does not continuously issue stock for sale as open-end mutual funds do. The Fund now trades in the secondary market. Investors wishing to buy or sell stock need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market value.
Risk is inherent in all investing. Investing in any investment company security involves risk, including the risk that you may receive little or no return on your investment or even that you may lose part or all of your investment. Therefore, before investing in the shares of common stock, you should consider the risks as well as the other information in the prospectus.
Past performance is no guarantee of future results.
Investors should consider the Fund's investment objective, risks, charges and expenses carefully before investing. The prospectus should be read carefully before investing. For more information, please read the prospectus, call your financial professional or call 844.569.4750.
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OPP overview [COB Friday]
MktPrc 16.24
Best MktPrc for current Buy: 16.13
Last Insider trade: 11/19/20 1,000sh @ 14.10
NAV: 15.13
Change in NAV last week: -0.13 [fail need >+0.14]
Total NAV Change to date -0.08 [fail need >+1.60]
Report card Grade 53 [failing]
Power Level: 68 [failing]
Weekly analysis performance last week: 223 [fail need >300]
Star Rating: 5star [neutral]
13Wk Star Rating: 5.33stars [neutral]
Current Dividend: 11.72%
Discount Premium Status: "PREMIUM" @ -0.93 [fail need >+1.02]
NAV trend looking forward: -0.49 [fail need >+3.44]
MTB: 0.99 [fail need >+1.02]
Comment: Many of us will "PASS" on this RO because of current non-performance. However, always however's, if numb3rs were to change to the positive on any market correction, we will revisit our current position on OPP....
Disclosure: Some of us currently have "no position" in OPP. Sold our position in the 2nd Qtr for CapGain when numb3rs started to go negative. Remains on our watch list...
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Post by xray on Jan 15, 2023 22:53:59 GMT
uncleharley, steelpony10, rumi, richardsok,@slooow, My: Post Options Post by xray on Dec 16, 2022 at 1:22pm Add to this that "INSIDER" trading also plays a "MAJOR" role in helping us confirm our analysis on any security we might currently have in our portfolio.... From my "Selling Begins" October 26th posting: One of the ways that some income oriented investors can find some interesting securities for their portfolio's is to always look at "increases in distributions or dividends" (for the past 12 months). That is always a signal that their NAV's or book values should be increasing. If/when their MktPrc's appear stable (both up/down markets) it is something to analyze for one's portfolio. With that said.... Examples: Some of us have had GLP in our portfolio's for quite a while now and remains one of our favorites. GLP again raised their dividend to $0.605/Qtr from $0.5250/Qtr. GPP raised their dividend to $0.45/Qtr from $0.445/Qtr. HGLB raised their distribution to $0.81 from $0.71. CAPL is also very stable but they have been buying our other companies and they have had to keep their dividend stable until their buying stops. All of these securities above have been discussed on these message boards for quite a while now. Buying any security at the right MktPrc is always the problem in both up/down markets. Keep in mind that the above examples works well when held "continuously" and we are monitoring over many years (or when we find them in our searches).... Also, watch the insiders and what they are doing currently "BEFORE" any buying/selling activity. Referencing the above: -CAPL had insider Buy activity for 13,000 shares @ 18.45 (always compare to current MktPrc's) ... NOW 21.91 in early morning trading -GLP had insider Buy activity for 1,000 shares @ 28.45 (always compare to current MktPrc's) ... NOW 34.01 in early morning trading -GPP had insider had "initial statements for ownership" activity ... NOW 12.04 in early morning trading -RVT had insider Buy activity for 1,600 shares @ 13.42 (on watch list) ... NOW 13.53 in early morning trading Holding securities over "TIME" and going forward is difficult in a ever-changing market. Maintaining our "investments" can be more difficult... ---------- UPDATE: 1/14/2023 COB Friday, watch the insiders and what they are doing currently "BEFORE" any buying/selling activity. Referencing the above: -CAPL had insider Buy activity for 13,000 shares @ 18.45 (always compare to current MktPrc's) ... NOW 21.91 in early morning trading. Currently 20.96-GLP had insider Buy activity for 1,000 shares @ 28.45 (always compare to current MktPrc's) ... NOW 34.01 in early morning trading. Currently 33.58-GPP had insider had "initial statements for ownership" activity ... NOW 12.04 in early morning trading. Currently 13.32-RVT had insider Buy activity for 1,600 shares @ 13.42 (on watch list) ... NOW 13.53 in early morning trading. Currently 14.32Market is generally higher in 2023 currently.... Live Long and Prosper....
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Post by xray on Jan 22, 2023 19:46:31 GMT
Bloomberg
JPMorgan Model Shows Recession Odds Fall Sharply Across Markets
Denitsa Tsekova
Sat, January 21, 2023, 8:10 AM EST
^GSPC
+1.89%
(Bloomberg) -- In a week marked by fresh recession angst from Wall Street to Davos, JPMorgan Chase & Co. finds the odds of an economic downturn priced into financial markets have actually fallen sharply from their 2022 highs. According to the firm’s trading model, seven of nine asset classes from high-grade bonds to European stocks now show less than a 50% chance of a recession. That’s a big reversal from October when a contraction was effectively seen as a done deal across markets.
Global money managers are far from bullish on the economic trajectory with the S&P 500 still assigning a 73% probability that a recession will ensue. But that’s down from as high as 98% last year and it’s consistent with an uptick in wagers on a soft landing that sparked an earlier new year rally.
And after Wall Street’s worst year since the financial crisis, bank executives at the World Economic Forum’s annual gathering found reasons to be hopeful in cooling inflation and the reopening of China.
“Most asset classes have been steadily pricing out recession risks helped by China reopening, the collapse in gas prices in Europe and larger than expected inflation downshifting in the US,” said JPMorgan strategist Nikolaos Panigirtzoglou. “The market expects a much lower chance of recession than it did back in October.”
Panigirtzoglou’s own colleague, Marko Kolanovic, warns investors may be underpricing the potential pressure on stocks from a growth slowdown in the months ahead. At the same time bears can find fresh ammo in weaker factory output and retail sales as well as a bond rally, while Federal Reserve officials warned rates would remain in restrictive territory.
But thanks to a slow-burn rally of late, US high-yield credit has seen some of the sharpest repricing, with recession odds dropping to 18% from 33%. European markets have also suddenly danced to a bullish beat. The EuroStoxx index reflects just a 26% probability — down from 93%. JPMorgan calculates the metrics by comparing the pre-recession peaks of various classes and their troughs during the economic contraction.
Economists are not so upbeat. Their consensus forecast has jumped to 65% from 50% in October.
Meanwhile the bond market’s favorite recession signal, the Treasury yield curve, continues to flash a warning. For example, three-month bills yield more than their 10-year equivalents, suggesting investors are betting on a slowing growth trajectory.
Even so, some are betting that central bankers will be able to engineer a soft landing after all, driving a bounce in recent weeks across riskier assets from emerging markets and junk bonds to meme stocks.
“It’s not that I’m saying growth is going to go through the roof, the only thing I’m going to say is that it’s not going be a Rocky Horror Show,” HSBC Bank Plc strategist Max Kettner said in an interview with Bloomberg TV. “There’s simply a lack of downside catalysts, a lack of downside surprises, and therefore, the only way is up.”
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Live Long and Prosper....
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Post by xray on Jan 29, 2023 19:53:12 GMT
uncleharley, steelpony10, rumi, richardsok, Business Wire Global Partners Declares Fourth-Quarter 2022 Cash Distribution of $1.5725 on Common Units, Comprising the Quarterly Distribution and a One-Time Special Distribution
Wed, January 25, 2023, 8:30 AM ESTWALTHAM, Mass., January 25, 2023--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $1.5725 per unit on all of its outstanding common units from October 1, 2022 through December 31, 2022, consisting of a quarterly distribution of $0.6350 per unit, or $2.54 per unit on an annualized basis, and a one-time special distribution of $0.9375 per common unit. The distribution will be paid on February 14, 2023 to unitholders of record as of the close of business on February 8, 2023. Global GP LLC has agreed to waive its incentive distribution rights with respect to the one-time special distribution.Non-U.S. Withholding Information Concurrent with this announcement we are providing qualified notice to brokers and nominees that hold Global Partners LP units on behalf of non-U.S. investors under Treasury Regulation Section 1.1446-4(b) and (d) and Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). Brokers and nominees should treat one hundred percent (100%) of Global Partners LP’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. In addition, brokers and nominees should treat one hundred percent (100%) of the distributions as being in excess of cumulative net income for purposes of determining the amount to withhold. Accordingly, Global Partners LP’s distributions to non-U.S. investors are subject to federal income tax withholding at a rate equal to the highest applicable effective tax rate plus ten percent (10%). Nominees, and not Global Partners LP, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of non-U.S. investors. About Global Partners LP With approximately 1,700 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol "GLP." For additional information, visit www.globalp.com. ---------- Comment: GLP has come a long way since our initial buy at the "18s" numb3rs. Hit a new high this past week.... Live Long and Prosper....
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Post by xray on Feb 3, 2023 19:35:00 GMT
uncleharley, steelpony10, rumi, richardsok, GLP continues to reach new high's with their increased dividend announcement. Dividend yield (dependent on what market price we have bought it at) is well beyond our expectations. Currently, @ 38.27 in today market. Appears most investors are peaking out on this single investment in their portfolio's (6%) even though currently heavily overpriced (for any initial portfolio MktBuys) going forward (IMHO) if a current income oriented investor.... Live long and Prosper....
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Real world, with patience and some thorough analysis, we should be able to define the differences between "GOOD INVESTMENTS vs BAD INVESTMENTS". Example: GLP/CAPL/HGLB/KYN vs GLO/GLQ/GLV/EDF/EDI "currently". No matter how we do our individual analysis, we should be able to see the differences IMHO. Add to this, We are "NOT" investing into the security itself but in the "MANAGEMENT" (CEO-CFO/CEF Managers)....