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Opened HAS.
Bought back Puts: JKS 7 for 40% loss, held it too long, MO 20, PEP 5, SPOT 1, VICI 10 closed it.
If he wins the prisons will have an open gate.
Before committing money I read this one always and then look at other resources also. Wall Street's Most Accurate Analysts' Views
On 3 Risk Off Stocks With Over 3% Dividend Yields
BENZINGA 7:48 AM ET 5/7/2024
Symbol Last Price Change
CALM 56.92down 0 (0%)
MO 43.49up 0 (0%)
QUOTES AS OF 04:00:00 PM ET 05/06/2024
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
Cal-Maine Foods, Inc. (NASDAQ:CALM)
Dividend Yield: 3.30%
Stephens & Co. analyst Ben Beinvenu reiterated an Equal-Weight rating with a price target of $65 on April 3, 2024. This analyst has an accuracy rate of 75%.
Goldman Sachs analyst Adam Samuelson maintained a Sell rating and increased the price target from $42 to $47 on March 12, 2024. This analyst has an accuracy rate of 66%.
Recent News: On April 4, Cal-Maine Foods(CALM) said Jeff Hardin, Senior Vice President of Sales, is retiring from his position with the Company, effective July 23, 2024.
Altria Group, Inc. (NYSE:MO)
Dividend Yield: 9.01%
Stifel analyst Matthew Smithreiterated a Buy rating with a price target of $50 on March 25. This analyst has an accuracy rate of 64%.
Morgan Stanley analyst Pamela Kaufman reiterated an Equal-Weight rating with a price target of $45 on July 18, 2023. This analyst has an accuracy rate of 68%.
Recent News: On April 25, Altria Group(MO) reported a first-quarter FY24 sales decline of 2.5% year-on-year to $5.58 billion, beating the analyst consensus estimate of $4.71 billion.
Walgreens Boots Alliance, Inc. (NASDAQ:WBA)
Dividend Yield: 5.79%
UBS analyst Kevin Caliendomaintained a Neutral rating and cut the price target from $25 to $22 on April 3. This analyst has an accuracy rate of 74%.
Morgan Stanley analyst Erin Wright maintained an Underweight rating and lowered the price target from $21 to $20 on April 1. This analyst has an accuracy rate of 73%.
Recent News: On April 24, DoorDash and Walgreens announced a new collaboration to offer SNAP/EBT payment at nearly 7,800 Walgreens stores across the country.
Read More: Over $10M Bet On Sensata Technologies? Check Out These 4 Stocks Insiders Are Buying
They obviously do not follow the REAL news.
A good yield. I would be adding to it below 50.
54% of real estate O acquired this quarter was in Europe and the UK with an initial weighted average cash yield of 8.2%.
The 46% of acquisitions in the US have an initial weighted average cash yield of 7.33%.
A total of $598 million placed at an initial 7.8%, with $2 billion expected to be place by year end, funded in part by their $1.25 billion bond issuance in four months ago in January.
O also beats estimates.
SPG beats estimates and raises dividend 8.3%.
We closed significantly above the SPX 50day/ma with a 5180 close. The 50day/ma was at 51.31.
Sold Covered Calls: CVS 8, COP 7, SKYW 3.
Bought back a few Puts, some of them are: JPM 5 and PEP 5.
Out of FND.
Americans, seeming greatly disconnected from the real world, expect mortgage rates to rise to nearly 10% in the next three years, New York Fed housing survey finds
https://www.newyorkfed.org/microeconomics/sce/housing.html
Consumers on average said that over the next year, they expect the 30-year mortgage rate to rise to 8.7%, and in three years, to 9.7%
But households on average also believe there is a 61% chance that rates will fall over the next 12 months, the Fed said.
On this buy signal from PPO in EAT, did not add to it due to the volume weakening.
Added a little to EAT, another buy signal from PPO.
EAT gave me a nice heads up signal on PPO to buy.
We were just below the 50day/ma Friday at the close, we need to close above it, preferably with stronger than normal volume to chase the Bears away.
Morning Bid: Relief (mostly) everywhere
REUTERS 5:20 AM ET 5/6/2024
Symbol Last Price Change
AAPL 183.38up 0 (0%)
BRK/A 603000up 0 (0%)
TSN 62.02up 0 (0%)
L 76.4up 0 (0%)
MCHP 91.36down 0 (0%)
VRTX 401.08up 0 (0%)
O 55.26up 0 (0%)
SPG 142.93up 0 (0%)
IFF 86.64up 0 (0%)
PGR 208.72up 0 (0%)
QUOTES AS OF 04:15:00 PM ET 05/03/2024
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe.
The relief across world markets as signs of a softening in the U.S. jobs markets strengthens the case for Federal Reserve rate cuts to start later this year remains palpable.
Not only did U.S. 10-year Treasury yields end Friday down 17 basis points, in their biggest weekly drop of the year, but the S&P 500 stock index had its best day in over two months.
Investors in Asia picked up the buy-baton on Monday, sending MSCI's broadest index of Asia-Pacific shares outside Japan to its highest in over a year and government bond yields in Europe are lower again.
For sure, public holidays in Japan and Britain make for quieter trade, but there is little doubt the mood music in markets has changed after Friday's news that the U.S. economy created 175,000 new jobs in April, the lowest since October.
Money markets are back to pricing in roughly two 25 bps Federal Reserve rate cuts this year. Last week, traders came close to no longer fully pricing in one cut for the year as nervous markets started to position again for higher for longer rates.
Market attention now turns to the Fed's Senior Loan Officer Survey, a closely-watched indicator of credit conditions, expected later in the session.
The last survey, released in February, showed U.S. banks anticipated an increase in demand for loans as rates fall this year.
One key question is whether the improvement in bank lending conditions could be undermined by the rise in government borrowing costs this year, with two-year Treasury yields up 55 bps.
It is also notable that the relief felt across world markets after the latest U.S. jobs data did not last long for some. While dollar/yen fell sharply after those numbers on Friday as markets renewed Fed rate-cut nets, the currency par is 0.5% firmer in early European trade not far off 154.
That essentially means the Bank of Japan, which was suspected to have intervened in currency markets last week to shore up a weak yen, still has its work cut out.
Given that Japanese authorities picked last week's quiet periods to intervene in the currency market, traders will be on high alert through the day.
Elsewhere, China's yuan surged to a six-week high against the dollar, catching up on the first trading day after the long Labor Day holiday, as the central bank set a much strengthened midpoint fixing to track offshore movements.
Apple (AAPL) shares, meanwhile, could be in focus after news at the weekend that Berkshire Hathaway(BRK/A) significantly reduced its enormous stake in the iphone maker.
Key diary items that may provide direction to U.S. markets later on Monday:
* U.S. April employment trends, New York Fed's Global Supply Chain Pressure Index for April
* New York Federal Reserve President John Williams, Richmond Fed President Thomas Barkin speak. Swiss National Bank Chair Thomas Jordan speaks
* Chinese President Xi Jinping in France as part of week-long visit to Europe
* U.S. corporate earnings: Tyson Foods(TSN), Loews(L), Microchip Technology(MCHP), Axon, Vertex Pharmaceuticals(VRTX), Realty Income(O), Simon Property(SPG), FMC, International Flavors & Fragrances(IFF), Progressive Corp(PGR), Williams
* U.S. Treasury auctions 6-month bills
(Reporting by Dhara Ranasinghe; editing by Ed Osmond)
He would like to, anyone he does not agree with.
Trump's fraudulent auditor goes by the name of Ben Borgers in legal documents but also uses the name Dan Borgers in promoting his CPA firm.
SEC shuts down Trump Media auditor over ‘massive fraud’ - https://www.ft.com/content/16947980-2da2-49f3-980c-401c80cb36a9
BF Borgers had accumulated the eighth largest client list of all US audit firms over just eight years, operating out of a small one story building in Denver
With just 10 CPAs on staff, Ben Borgers ran a ‘sham audit mill’ whose work affects more than 1,500 corporate filings, US financial regulator says.
Dan Borgers
http://www.bfbcpa.us/about-us/
The SEC has barred Ben Borger and his CPA firm from the industry, with the Borgers firm agreed to pay a $12mn penalty and Ben Borgers to pay $2mn. The SEC described Borgers as, “one of the largest wholesale failures by gatekeepers in our financial markets”. The move leaves more than 170 publicly traded firms in the US looking for new auditors and likely needing to restate their prior results.
Canada’s audit regulator barred BF Borgers from operating in that country last year after conducting fraudulent audits of retirement funds.
Donald Trump has promised, "to defund the very crooked and dishonest SEC which has been destroying our nation and our way of life."
Reaching for the extremists to win an election.
Closing BLDR.
Increasing MO, VRT, NVDA, SPOT and DUOL.
Have a good weekend everyone!
Replaced them with ACEL and CPNG, as well as a few sold puts.
Miami-based Tech CEO Gets 6 Years in prison and must pay $100 million in restitution for selling Fake Cisco networking equipment
https://www.justice.gov/usao-nj/pr/ceo-dozens-companies-sentenced-78-months-prison-massive-scheme-traffic-fraudulent-and
Some of the networking equipment sold by 40-year-old Onur Aksoy 'ended up in US hospitals, schools, and highly sensitive military and other governmental systems,' the DOJ says.
To create the counterfeits, his business associates in China took older, lower-model products, some of which were previously discarded, and modified them to appear new, while loading pirated Cisco software on the hardware.
Another Florida resident, Donald Trump, has reiterated his promise "to defund the very crooked Justice Department."
House cleaning. Closed: VVI, AEYE, ADMA, ANVS, DVA, PBA, RMNI and WFC. Overall gain was about 15%.
Not as many trades as i expected to take place today. Sold a few puts and calls and bought back a few. Mostly bounced in and out of NVDA via sold and bought back puts. Always looking for additional trading systems that can work consistently of course that would mean that they work in Bull and Bear Markets. Today was an up day.
Since 1/3/23 there had been a much lower volume of trading volume in AAPL. It went up a little when it moved up, but than faded again. Less excitement or less concern about it?
Was experimenting with PPO indicated trades in NVDA on a minute by minute chart. It works very well in giving the clear buy and sell signals about 30 seconds ahead of the move, so you have time to make the trades.
I like PFE anywhere in this range for a long term hold. Dividend over 6% and it looks like they've either bottomed or are close.
Just as filing for bankruptcy is Donald Trump's super-power
The one thing Elon Musk has always excelled at is firing people, even people absolutely essential to his business he has to later apologize to and try to hire back.
It’s only been two weeks since Tesla began reducing its workforce by ten percent, a move that impacted at least 14,000 staffers. Now, even more pink slips are coming.
The company let go of two senior executives today and plans to lay off hundreds more employees, as reported by The Information.
https://www.theinformation.com/articles/musk-plans-more-layoffs-as-two-senior-tesla-executives-depart
These layoffs include the entire Supercharger team, including senior director Rebecca Tinucci and 500 staffers. Daniel Ho, head of the new vehicles program, was also laid off, along with his team. Tesla’s public policy team is also being dissolved, which was led by former executive Rohan Patel.
CEO Elon Musk sent out a company-wide email that seemed more like a threat than anything else. "Hopefully these actions are making it clear that we need to be absolutely hard core about headcount and cost reduction," Musk wrote. "While some on exec staff are taking this seriously, most are not yet doing so."
This could be just the beginning. Musk also said that any staffers working under executives who “don’t obviously pass the excellent, necessary and trustworthy test” would also get cut. When all of this is said and done, Tesla’s headcount could be reduced by as much as 20 percent, as recently suggested by Bloomberg. This adds up to more than 20,000 employees.
Just how “hard core” is Musk about reducing costs?
Well, a judge recently rejected his proposal for a pay package that would grant him $55.8 billion of Tesla’s money, which was referred to in court as “an unfathomable sum” that was unfair to shareholders. Chancellor Kathaleen St. Jude McCormick went on to call it “the largest potential compensation opportunity ever observed in public markets by multiple orders of magnitude.”
By comparison, these lay-offs all sound like kinda soft core cost-cutting to me.
Profit margins have sunk to a six-year low. The company’s most recent earnings report was abysmal, with profits falling by 55 percent. The Cybertruck continues to be something of a dangerous joke. Tesla’s Autopilot software was recently linked to 14 deaths. It has also reportedly given up on its budget-friendly EV in favor of a robotaxi, because why make a car everyone would want to buy instead of something only a few taxi start-up companies will buy? On the plus side, Tesla doesn’t really pay taxes, which is pretty hard core.
And car sharing start-ups have been so successful in China, less than 3,500 miles each, so there's that
We drove a Lexus ES300 4 cylinder hybrid (210hp) yesterday, as well as their ES350 6 cylinder (302hp). The hybrid with 43/44 mpg is impressive. Under $50k
Around town the hybrid acceleration feels comparable to my 5 series BMW, although it lags by 2 seconds on 0-60. But I'd need to access a freeway to experience that, and we only access freeways four times a year or less where we live in urban Los Angeles. To me the Lexus 6 cylinder has too much torque with this "benefit" largely lost by not having slip-differential.
Although the same size interior as a 2004 Lexus ES350, the interior feels "visually smaller" due to higher windows and the location of roof pillars. As with virtually all newer cars, two inches wider on the exterior to accommodate side airbags.
Wifi connected Android Auto or Apple Car Play is a big improvement over car built-in music or navigation.
It is not a point anyone can argue with.
Powell spoke more dovish than hawkish and said that the next policy move will not be a hike. However, now that he finished talking people will start to overthink what could happen later and the market probably will retreat,
It was a good market for nimble traders with several screens to make trades in and out, I was doing my fastest I could.
It will be difficult for another company to have a worse quarterly report.
There's another 10,000+ in warehouses in Europe. According to the WSJ they've got mold and other issues. So far BYD is not doing a great job. Also lots of mechanical issues with cars sold in China.
I think the worst would be for the markets if Powell says there may have to be rate hikes. Then we would tank, but I do not see that at all.
Selling NVDA, DUOL and ALL Put options.
Johnson & Johnson (JNJ) announced a proposed plan by its subsidiary, LLT Management, for the final resolution of all current and future claims tied to ovarian cancer stemming from cosmetic talc litigation against it and its affiliates in the US. The plan commits the company to pay ovarian claimants a present value of roughly $6.48 billion, to be paid over 25 years. Shares of the company were up 4.2% in midday trading.
Opened a few new positions: RYCEY, PROP, PACB and CEG.
Bought back 8 Covered Calls in CVS at 0.06 cents, were sold at 99 cents. This maybe the only profit for a while in CVS, lol.
Closed XOM after several years, were bought at 45.10.
I am looking forward to my technical indicators showing a nice turn today.
Dennis Falaschi, 77, the gregarious general manager of the Panoche Water District in Firebaugh CA, directed the theft of more than $25 million worth of water out of the federally owned Delta-Mendota Canal, already priced at a level heavily subsidized by taxpayers, over the course of two decades and selling it to farmers and other local water districts. - https://panochewd.specialdistrict.org/
The proceeds stolen from the canal benefited Falaschi, a former baseball coach, his water district and a small group of co-conspirators, much of it funneled into exorbitant salaries and lavish fringe benefits. The $25 million of water was already priced far below market, being heavily subsidized by federal taxpayers.
https://www.latimes.com/california/story/2024-04-28/san-joaquin-valley-official-accused-of-epic-california-water-heist
LOS BANOS, Calif. —
Robert Zavala was fresh out of the Marines and looking to escape dead-end work at a poultry plant in the early 1990s when his old baseball coach — now the head of a local water district — swooped to the rescue with a job offer.
Zavala was grateful for the job, which eventually paid more than $150,000 a year and included perks such as free housing and a new truck. Grateful enough, he later testified in state court, that when he learned the public agency he worked for was stealing water from the federal government he kept his mouth shut. For years.
And then one day in 2016, FBI agents showed up at his house.
“They told me they were investigating my boss for water theft, and they wanted to know if I wanted to go to federal prison with him,” Zavala said in his testimony.
We shall see by tomorrow this time.
Please disregard it was SWKS. Not SKYW.
Obviously in SKYW I made a blunder. Earnings were disappointing and were just now.
Just three rate hikes this year?
The market as usually, will overdo any move based on fear or greed. This time it is fear of what will Powell say tomorrow afternoon. I think tomorrow we could see a nice rebound if he is not as hawkish as the market is expecting.
I play the other side of emotion usually and I was betting today that we can see a rebound tomorrow.
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