Eudividend @Eudividend: "WEEKLY UPDATE 🔆2024 WEEK 28, July..."

Lithuania

WEEKLY UPDATE 🔆2024 WEEK 28, July 15 - 21 Dear Investors, Followers and Copiers, So far this year, a small handful of AI – related stocks have dominated the market. The rest of the market has significantly lagged, including our interest rate - sensitive portfolio. However, it seems that last week market rotation started from favoring mega – cap stocks to smaller – cap stocks. On Tuesday Fed Chair Powell said that keeping interest rates at current highs for too long could risk further economic growth and employment. On Thursday CPI data was released. June CPI fell 0.1% from May and was 3% over year. Core CPI (excludes food and energy) was at 3.3%. Treasury yields fell following that data and our portfolio bounced on the news. The reason for this is that the decelerating inflation increases the probability of interest rate cuts. As a result, the portfolio’s capital-intensive high yield stocks become more attractive, REITs in particular. CME FedWatch Tool shows that traders expect two rate cuts this year with the first in September. PORTFOLIO NEWS OF THE WEEK 📆This Week’s Earnings Reports This week earnings are reported by the following companies: On July 17 $CCI (Crown Castle International), $PLD (Prologis Inc), $SLG (SL Green Realty Corp.) On July 18 $TEL.OL (Telenor) , $TELIA.ST (Telia Company AB) On July 19 $YAR.OL (Yara International) 👉Portfolio’s Top Stock Movers Last week the following companies belonging to our portfolio had the biggest stock price changes. Winners: KRC +12.87%, BXP +12.37%, SLG +12.22% Laggards: FORTUM.HE -2.5%, TELIA.ST -1.36%, BAS.DE -1% 📈Performance Last week the main sectors within the portfolio performed as follows. REITs are up 6.57% Telecoms are up 2% Utilities are up 3.04%. The portfolio is up 2% for the week.

6 Mentioned Show all

CCI

Crown Castle International

PLD

Prologis Inc

SLG

SL Green Realty Corp.

TEL.OL

Telenor

TELIA.ST

Telia Company AB

YAR.OL

Yara International