Eudividend @Eudividend: "WEEKLY UPDATE 🔆2024 WEEK 33, Aug..."

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WEEKLY UPDATE 🔆2024 WEEK 33, Aug 12 - 18 Dear Investors, Followers and Copiers, Over last week the stock market experienced high volatility after the unemployment rate rose to 4.3%. On Monday S&P500 was down 3%. On Thursday the labor market data was strong - the initial jobless claims came in 233K, less than expected. But continuing claims edged up to 1.875M, the highest since 2021. Encouraging labor market data and companies’ earnings reports improved the mood of investors later in the week. They started to buy the deep after Monday’s violent move down and S&P500 rebounded strongly over the rest of the week, finishing the week flat. In the US Consumer Spending remains strong, but credit card debt also is steadily rising. According to the Fed of New York, credit card debt reached $1.1T in Q2, up 5.8% over a year. Goldman Sachs increased the chance of recession from 15% to 25%, but still thinks that economic expansion is more likely than a recession. It sees continuing healthy GDP growth of 2% – 2.5% in coming quarters. 🌍Macro view The economic environment remains favorable for stocks, but volatility could stay elevated. $DJ30 $SPX500 $NSDQ100 PORTFOLIO NEWS OF THE WEEK 💵Earnings Last Week (Aug 5 -11) The following companies within our portfolio reported the second quarter earnings last week. 🔹Aug 5 $O (Realty Income Corp) Retail REIT Realty Income reported Revenue of $1.34B, the increase of 31% over a year, and FFO of $1.07, both beating expectations of analysts. 🔹Aug 5 $NSA (National Storage Affiliates Trust) Self – Storage REIT National Storage Affiliates reported Revenue of $190M, almost 12% lower over a year, and FFO of $0.62, both missing expectations. The company sold 71 properties over the last several months resulting in better portfolio concentration. The proceeds are partly used for repayment of floating rate debt. Also it bought back over 18M common shares since 2022. 🔹Aug 7 $LGEN.L (Legal & General) For the first half of the year British insurer Legal & General reported higher Core Operating Profit over a year and Core EPS of GBP0.1058 (in 2023 it was GBP0.1052 per share). Solvency ratio is strong at 223%. 🔹Aug 7 $OBDC (Blue Owl Capital Corporation) BDC Blue Owl Capital reported Net Investment Income of $0.48 per share, in line with expectations and the same as in Q2 last year. The company has 97% of its debt floating rate and 73% of the portfolio is 1st Lien Senior Secured debt. Blue Owl Capital pays a generous dividend yielding 11.5%. 🔹Aug 7 $UGI (UGI Corp) Utility UGI posted Revenue of $257M, 7.6% less than a year ago due to warmer weather across its footprint and lower LPG volumes. Adjusted EPS was $0.06 (a year ago it was $0). 🔹Aug 9 $AQN (Algonquin Power & Utilities Corp) Algonquin Power & Utilities reported Revenue of $599M, 4.7% lower than a year ago and Adjusted EPS of $0.09, 13% higher over a year. 📆This Week’s Earnings Report This week earnings are reported by $FORTUM.HE (Fortum Oyj) on Aug 15. 🍰Ex – Dividend Dates This Week The following Ex -Dividend Dates are expected this week. 🍓Aug 12 HR A quarterly dividend of $0.31 per share (in line with previous) will be paid on Aug 28. The yield is 6.9%. 🍇Aug 15 ENB A quarterly dividend of $0.66 per share will be paid on Sept 1. The yield is 6.85%. 👉Portfolio’s Top Stock Movers Last week the following companies belonging to our portfolio had the biggest stock price changes. 🥇Winners: CWEN +2.9%, HIW 2.8%, BXP +2.5% ↘️Laggards: AQN -12.2%, NEP -8%, WBA -7%. 📈Performance Last week the main sectors within the portfolio performed as follows. REITs are up 0.1% Telecoms are down 0.36% Utilities are down 3.5%. The portfolio is down 1.2% for the week.

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