Energy Transfer LP (NYSE:ET) used to have an outsized yield. It had been paying a 30.5 cents quarterly dividend ever since the first quarter of 2018, giving Energy Transfer stock a whopping 19.7% dividend yield. But on Oct. 27 management announced a 50% cut in the quarterly dividend to 15.25 cents. Source: Casimiro PT / Shutterstock.com
Month: November 2020
Whether you’re just entering the market or are a stock market veteran, investing in stocks comes down to making your invested cash worth more over time. And this comes not just by an S&P 500 Index that maybe moves up, but by making the time and effort to invest in companies that are growing their
BP (NYSE:BP) has released a litany of bad news, including dividend cuts, massive operating losses, and a controversial change in its business strategy going forward. The oil and gas giant recently reached its lowest point in more than 25 years. Investors in BP stock have gotten drilled. Source: AVM Images / Shutterstock.com With all that in
Stocks that deliver monthly income aren’t that common. Many energy master limited partnerships (MLPs) were monthly dividend payers, but those days are over. And even the best of them aren’t a very good pick right now. That makes finding the best monthly dividend stocks a challenge. But some stocks still do deliver monthly income that
Exxon Mobil Corp (NYSE:XOM) has made it very clear that it is committed to paying its existing dividend. As a result, XOM stock now has a very high dividend yield of 10.67% that offers great value to shareholders. Source: Jonathan Weiss / Shutterstock.com On Oct. 28, Exxon declared a quarterly dividend of 87 cents payable
Sportswriters like to talk about having personal Mount Rushmores. The four best basketball players ever, the best baseball players to suit up for the Pittsburgh Pirates, etc. Here in Georgia, I keep a personal Stone Mountain of bad business leaders, people who have destroyed value through bad decisions, such as Randall Stephenson of AT&T (NYSE:T)
Comcast (NASDAQ:CMCSA), the cable giant that also owns NBCUniversal, was feeling a lot like its viewers Election Day. Worried, but hopeful about the future. People who hold Comcast stock may feel the same way. Source: Ken Wolter / Shutterstock.com Comcast shares are trading at $44, about 2% below where they started the year. They fell
Heading into the 2020 election, incumbent President Donald Trump and former Vice President Joe Biden came in with very different policy plans when it came to energy. And that disparity has had companies like BP (NYSE:BP) awaiting the results with bated breath. As a vertically integrated organization operating in every area of the oil and
I like the enthusiasm and I like the story of the electric vehicle mounting an assault against internal combustion engines. ICE cars are still the norm but thanks to Tesla (NASDAQ:TSLA), the battle is on. Nio (NYSE:NIO) is a smaller soldier in it and it’s doing its part. TSLA has the early mover advantage and
Are we reaching a “buy the dip” moment for Hyliion (NYSE:HYLN)? Not so fast. Sure, after tumbling massively in recent weeks, we may be reaching a bottom in Hyliion stock. Source: Shutterstock But, shares offer exposure to the EV megatrend, there’s no guarantee this particular play is going to crush it in the coming years.
Although Kaixin (NASDAQ:KXIN), which has operated used-car dealerships in China, has some potential positive macro catalysts, KXIN stock is extremely puzzling and difficult to analyze at this point. Source: lumen-digital / Shutterstock.com In addition to operating dealerships, Kaixin has sold vehicles online and provided financing for auto purchases. The shares surged about 1,400% in five
The story of Eastman Kodak Co. (NYSE:KODK) reads like a poor imitation of a Stephen King novel. In this case, though, the tale is non-fiction, and man is it a dud. Under the company’s leadership, KODK stock has become a penny-stock tenant. Source: Katherine Welles / Shutterstock.com That’s not a good place to be. Traders
When publicly traded companies get in big trouble, the problems don’t necessarily blow over once there’s a changing of the guard. Witness Wells Fargo (NYSE:WFC), which still hasn’t reclaimed investor confidence following the 2016 account fraud scandal that took out CEO John Stumpf and community banking head Carrie Tolstedt. Fast forward to 2020 and even
Kaixin Auto Holdings (NASDAQ:KXIN) announced Nov. 5 that it’s merging with Haitaoche, a Chinese company that operates an e-commerce platform for imported automobiles. Very few details were given other than Haitaoche shareholders will end up owning 51% of KXIN stock. Source: lumen-digital / Shutterstock.com As I write this, Kaixin’s stock is up 35% in mid-day
Investors with a strong love of adventure often aren’t adventurous with their money. But, if you enjoy playing with your money, then you’d likely be comfortable with betting on the shares of Virgin Galactic (NYSE:SPCE). For everyone else, there are better investments than SPCE stock. Source: Tun Pichitanon / Shutterstock.com I know that’s resisting the
Although the new normal created some amazing trades this year, you can’t defy fundamental realities forever. That’s really the defining takeaway when you look at Hertz Global (OTCMKTS:HTZGQ). Source: aureliefrance / Shutterstock.com Even before the pandemic, Hertz stock has been a frustrating investment at best over the past few years. Now, with so much geopolitical
Just hours before Halloween, hapless investors in Hertz (OTCMKTS:HTZGQ) got the rudest of awakenings, not that it was a shocker. On Oct. 30, the New York Stock Exchange delisted Hertz stock, which had traded there since 1954. And the once mighty rental car colossus — which fetched more than $100 per share as recently as
The U.S. stock market is not off to a good fall season. The S&P 500 Index is currently down by 7.6% since Sept. 2 to date, and that includes the bit of recovery in the earlier days of October. Source: S&P 500 Index Total Return — Source: Bloomberg In the October issue of Profitable Investing,
It’s Election Day 2020. Naturally, the question on the top of everyone’s mind is: Who is going to win? President Donald Trump, or former Vice President Joe Biden? But, as investors, we are asking a slightly different question: Who is going to be better for the stock market? Trump or Biden? Source: chrisdorney / Shutterstock.com
Crude oil probes under its support level Inventories have risen significantly since the beginning of 2020 The global pandemic weighs on the price of the energy commodity- The election creates uncertainty The first four months of 2020 was a volatile period for the crude oil market. While it seems like years ago, in January, a