Firstenergy Corp. (FE)

[Daybull]

FE Ready to Explode

FE management has taken the appropriate steps to stabilize the business. "The stock has underperformed the UTY by 11.8% since we downgraded the stock in January. "Moody's concerns regarding FE competitive businesses have been resolved with the company raising $1.5 billion in proceeds from the Harrison asset transfer proceeding and the sale of hydro assets." More important, with FirstEnergy shares still off about 20% from their 52-week highs and boasting a juicy dividend yield of 6%, there might even be room to benefit from that derisking.
Dividend stocks can make you rich. It's as simple as that. While they don't garner the notoriety of high-flying growth stocks, they're also less likely to crash and burn. And over the long term, the compounding effect of the quarterly payouts, as well as their growth, adds up faster than most investors imagine.

Buy, Buy, Buy

Daybull