Dividend Aristocrats Handily Outperforming Main Indexes in 2008
August 31, 2008
David I. Templeton submits:
- Nasdaq YTD= -10.70%
- S&P 500 Index YTD = -12.60%
- Dow Jones Industrial Average YTD = -13.00%
- Dividend Aristocrats YTD = -4.70%
Dividend Aristocrats Handily Outperforming Main Indexes in 2008
Top Foreign Dividend Stocks Traded in New York
August 31, 2008
David Hunkar submits:
Following our earlier analysis of Top Canadian Dividend Stocks,Top Banks of the World and Top 10 European Utilities in this post lets review the top dividend paying foreign stocks(ADRs) trading in the New York Stock Exchange (NYSE).
The total market cap. of all stocks listed in the NYSE is about $27.1 Trillion as of Dec 31,2007. Out of this, 421 foreign company stocks account for $11.4 Trillion in market cap [Source: NYSE]. That’s about 42% of all the stocks listed in the NYSE.
Top Foreign Dividend Stocks Traded in New York
‘The Pie’s Getting Larger’ - What Warren Buffett Means
August 31, 2008
Diane Lim Rogers submits:
Having combed through Warren Buffett’s post-I.O.U.S.A.-movie words on how the growing “economic pie” means we don’t really have to worry about our economy’s inability to handle the fiscal challenges ahead of us, I promised I’d try to quantify his point. So today’s first attempt comes entirely from the Congressional Budget Office [CBO] and their long-term macroeconomic and budgetary projections.
Faithful EconomistMom.com reader “Brooks” had pointed out to me that CBO’s long-term budget projections don’t account for the macroeconomic feedback effects associated with the different fiscal scenarios, and that’s indeed true. CBO assumes a path of real economic [GDP] growth that derives from their longer-term macroeconomic projections but is independent of the potential economic effects associated with the different tax and spending policies that are implicit in the different fiscal scenarios they consider. So in considering different fiscal scenarios, the budgetary projections CBO presents are based on the same assumed path of real GDP, which you can find here in these CBO data sheets (see the “real GDP” last tab).
‘The Pie’s Getting Larger’ - What Warren Buffett Means
Stimulus Tracker: Fall in Spending
August 31, 2008
Zubin Jelveh submits:
Friday morning’s consumer spending data showed that the effect of the stimulus package is waning. But as perhaps a silver-lining, the drop-off is similar to the 2001 experience, which has been considered successful in preventing a deeper downturn during the last recession.
The government reported on Friday that consumer spending rose 0.2 percent in July, but when inflation is factored in, spending fell 0.4 percent compared with June.
Stimulus Tracker: Fall in Spending
Real Disposable Income Up by 11.4% in Q2
August 31, 2008
Mark J. Perry submits:
According to yesterday’s BEA report (Table 10), real disposable personal income increased in July by 1.2% compared to July last year, following a 3.4% annual increase in June and 6.3% increase in May (see chart above). Both growth rates (May and June) were above the 2.6% average growth in real disposable income since 2001, following 7 months (October 2007 to April 2008) of below-average growth (see chart above). On a monthly basis, the July growth in real personal disposable income was negative at -1.7% (from June).
Real Disposable Income Up by 11.4% in Q2
Questioning Obamanomics
August 31, 2008
James Hamilton submits:
Barack Obama gave a fine speech at the Democratic National Convention on Thursday. But I’m troubled by what I see as its underlying economic philosophy.
As I listened to the speech by Barack Obama accepting the nomination of the Democratic Party for the U.S. presidency, I felt I was listening to a very gifted orator. I also thought I heard a cash register go ca-ching every time he finished a sentence:
United Kingdom is weak (EWU, rated SELL)
August 31, 2008
The United Kingdom’s economy is so weak and the British Pound has lost big against the USD. The BoE is dealing with high inflation as in the US and UK is feeling the credit tightening. Companies in the need for capital have to do it at a higher price due to the BoE rates at 5% and the premium that loaners ask for capital in this kind of crisis. The UK unemployment is rising and the stock is down 12% since the year started. I don’t see me explaining being bullish on this one.
United Kingdom is weak (EWU, rated SELL)
Yingli building a better infrastructure than FSLR (YGE, rated BUY)
August 31, 2008
If you asked me the number one solar company to throw your money into, it would most definitely be YGE. Their numbers are great:
- Mkt. Cap of only 2B - tons and tons of room to grow in the energy sector!
- Operating Margin of just under 20%
- ROE is 13.6%, solid for companies in Solar Energy.
Obviously the major concern is their free cashflow. Things have been tight lately due to the high cost of silicon for manufacturing. But the technical and fundamental side of silicon itself says it’s time for a bear run (Another position I’m interested to take up), so that will result in a higher level of free capital and profit for YGE.
But the biggest reason I like them right now is the fact they are building a solar power plant in China, embedding themselves in the infrastructure and positioning themselves for decades of solid cashflow. Even better, the net asset value of ownership will actually increase over time and add some padding to a potential buyout in the next few years. I am taking a long position in YGE for a 1+ year hold as I see great potential for a 75% - 100% price gain and also the possibility of a buyout once the market has repositioned itself and capital infusion levels are back to previous levels.
Yingli building a better infrastructure than FSLR (YGE, rated BUY)
Emerging Markets: The Have’s and Have Not’s
August 31, 2008
Larry MacDonald submits:
“Despite their fantastic recent growth record, investors need to be very cautious about emerging markets,” says chief investment officer Eric Bushell in CI Funds’ latest Perspective Online. Their growth momentum is posed to decelerate due to high commodity prices and slippage in export growth as developed economies slow down.
Emerging Markets: The Have’s and Have Not’s
Stocks Slip as Traders Limped into the Holiday Weekend
August 30, 2008
After a dismal report out of DELL Thursday night technology stocks took the que and sold off. AAPL and GOOG both slid dragging down the NASDAQ 100 with them. Once again crude oil continue to fail to hold onto its day high. As crude pulled back from its highs it eased the pain for stocks and assisted them off the lows of the session. Both stocks and crude oil are acting bearishly, most notably crude oil over the past few … [visit site to read more]
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