Take a look at the following image that I snagged off the WSJ Markets page:
As you can see, the DJIA has made up about half of its opening loss. Sounds good until you realize it’s still down 432 points.
It’s going to be a long day.
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The nearly 2,000 point drop in the Dow Jones Industrial Average from its high has wreaked havoc on a lot of stocks. Below is a list of stocks in the S&P 500 Index that currently have dividend yields of 4% or greater. Now, it is IMPORTANT to note that when times get tough, many companies have to reduce or eliminate their dividend altogether, so it’s critical to take that into consideration before investing in any of these stocks. That said, this list could provide a decent starting place when looking for yield.
|Frontier Communications Corp||FTR||5.15||0.42||8.16%|
|Iron Mountain Inc||IRM||29.24||1.90||6.50%|
|Kinder Morgan Inc||KMI||31.79||1.96||6.17%|
|Marathon Oil Corp||MRO||15.73||0.84||5.34%|
|Spectra Energy Corp||SE||27.72||1.48||5.34%|
|Centerpoint Energy Inc||CNP||19.31||0.99||5.13%|
|Chesapeake Energy Corp||CHK||6.87||0.35||5.09%|
|Helmerich & Payne Inc||HP||54.75||2.75||5.02%|
|National Oilwell Varco Inc||NOV||37.21||1.84||4.94%|
|Philip Morris International||PM||80.98||4.00||4.94%|
|General Motors Company||GM||29.60||1.44||4.86%|
|Health Care REIT Inc||HCN||68.42||3.30||4.82%|
|Realty Income Corp||O||47.62||2.28||4.79%|
|Murphy Oil Corp||MUR||29.27||1.40||4.78%|
|Verizon Communications Inc||VZ||46.10||2.20||4.77%|
|The Williams Companies Inc||WMB||49.65||2.36||4.75%|
|Host Hotels & Resorts Inc||HST||18.29||0.80||4.37%|
|Ford Motor Co||F||13.86||0.60||4.33%|
|Plum Creek Timber Co||PCL||40.77||1.76||4.32%|
|Duke Energy Corp||DUK||76.71||3.30||4.30%|
|People’s United Financial Inc||PBCT||15.77||0.67||4.25%|
|TECO Energy Inc||TE||21.68||0.90||4.15%|
|Exxon Mobil Corp||XOM||72.13||2.92||4.05%|
|Viacom Inc B||VIAB||39.87||1.60||4.01%|
|Pepco Holdings Inc||POM||27.03||1.08||4.00%|
I find it interesting that we now have an oil glut when just a year or so ago, people were predicting $150 per barrel oil would be the new norm.
How is that possible?
How did no one see it coming?
Oh, and now “they” are saying that there is no end in sight for this oil glut. You have to love these “experts.”
In other news…the market’s beating is putting lots of stocks on sale. Perfect for those of us who are still saving for retirement.
As you can tell from the following chart, the S&P 500 Index has not had a very good 2015. Through yesterday’s close, the S&P 500 Total Return Index (includes dividends) is up 1.95% YTD.
The trendline is not very steep.
It will be interesting to see what the rest of 2015 has in store. I’m not expecting much. At this point, I don’t really care. We’re still saving for retirement and up markets at this point, don’t help us much.