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Loving the Dogs
In 2018, the Dogs of the Dow beat the DJIA average–albeit not by much, 1.5%. The pros will tell you it would have been a lot more if only GE’s price had not fallen by 57% last year. But, so what? If only’s are the stuff of dreams.
So as last came to a close, the Dogs of the Dow beat the performances of both the DJIA and the S&P 500. Each ended the year down 6 and 6.2 percent respectively.
Given the concerns about our market and of those around the world—and our huge growing deficit— the 10 new 2019 Dogs look pretty attractive to me. Particularly, if dividend income is your thing. All 10 have yields considerably higher than that of money-market funds, and Treasury securities of all maturity dates.
So chow down people, if this is an investment strategy you’d go fetch for.
The 2019 Dogs of the Dow, (the list begins with the stock with the highest yield).
| 1. | IBM | International Business Machine | 5.5% |
| 2 | XOM | Exxon Mobil Corporation | 4.8% |
| 3 | VZ | Verizon Communications | 4.3% |
| 4 | CVX | Chevron Corporation | 4.1% |
| 5 | PFE | Pfizer | 3.3% |
| 6 | KO | Coca-Cola Company | 3.3% |
| 7 | JPM | JP Morgan Chase & Co. | 3.3% |
| 8 | PG | Procter & Gamble Company | 3.1% |
| 9 | CSCO | Cisco Systems | 3.0% |
| 10 | MRK | Merck & Co. | 2.9% |
Source: FactSet Get the data Created with Datawrapper
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Market Quick Glance
Thank heavens for new years. At least, this one.
Looking back over the last week, all three indices followed here have 1-week returns resting in positive territory. The biggest gains? Nasdaq with its 1.56% return.
Below are the weekly and 1-year index performance results for the four major indices—DJIA, S&P 500 and NASDAQ — including the dates each reached new highs. Data is according to CNBC.com and based on prices at the close of business on Friday, Jan. 4, 2019.
–DJIA 0.45% YTD up from the previous week’s -6.70%.
- 1 yr. Rtn -6.55% also up from the previous week -7.15%
Most recent DJIA a new ALL-TIME CLOSING HIGH was reached on Oct.3, 2018 of 26,951.81. The previous high was reached on Sept. 21, 2018 of 26,796.16.
-S&P 500 1.00% YTD up from last week’s -7.03%
- 1 yr. Rtn -7.05% up from last week’s -7.51%
The S&P 500 reached a BRAND NEW CLOSING ALL-TIME HIGH on Sept. 21, 2018 of 2,940.91. The previous closing high was reached on August 29, 2018 of 2,916.50.
-NASDAQ 1.56% YTD up from last week’s -4.62%
- 1yr Rtn -4.79% up from last week’s -5.26%
Nasdaq reached a BRAND NEW 52-week CLOSING HIGH on August 30, 2018 of 8,1333.30. The previous high was reached on August 24, 2018 of 7,949.71.
-Mutual funds
More to come at a later date.
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