Eudividend @Eudividend: "WEEKLY UPDATE 🔆2024 WEEK 25, ..."

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WEEKLY UPDATE 🔆2024 WEEK 25, June 24 - 30 Dear Investors, Followers and Copiers, As Q1 earnings season is closing, JPMorgan says that operating EPS of S&P500 companies is up 4.5% year on year and 1.9% quarter on quarter. Revenues, supported by a resilient economy and solid inflation, were the largest contributor to earnings growth. Goldman chief economist said that GDP has slowed from 4.1% in 2023 second half to an estimated 1.7% in 2024 first half and expects moderate pick up in 2024 second half. The US Retail Sales, reported last week, were weak. They rose 0.1% over the month and 2.3% over the year, adding to signs of a slowing economy. Piper Sandler’s Nancy Lazar said on CNBC that a soft landing is off the table, consumers are pulling back on spending as unemployment rises. She says that Retail Sales have been flat all year. On Wednesday the UK’s Office for National Statistics said that May’s inflation fell to 2%, the Bank of England’s (BoE) target. In April it was 2.3%. Falling food prices contributed the most to the decline. The UK Prime Minister said that inflation is back to normal. BoE’s base rates are at 5.25%. Annual inflation in the EU is 2.7% according to Eurostat. On Thursday Switzerland made interest rate cut by 0.25% to 1.25%, second this year. In May its inflation was 1.4%. The Swiss bank predicts 1% GDP growth this year and 1.5% in 2025. Next week’s important data include the US Personal Consumption Expenditure (PCE) for May and GDP data of Spain and Italy. So, what we have for now is slowing economies, sticky but slowing inflation in the US and continuing AI related rally in stock market. PORTFOLIO NEWS OF THE WEEK 💵This Week’s Earnings Reports This week earnings are reported by $WBA (Walgreens Boots Alliance Inc) on June 27. 🍰 Ex – Dividend Dates This Week On June 27 the following companies go Ex – Dividend: 🍏 $ELE.MC (Endesa) A semiannual dividend of EUR0.5 per share is to be paid on July 1. The yield is 5.3%. 🍓 $RED.MC (Red Electrica Corp) A semiannual dividend of EUR0.73 per share is to be paid on July 1. The yield is 5.8%. June 28 is the Ex - Divdend date for the following companies: 🍊 $ADC (Agree Realty Corp) A monthly dividend of $0.25 per share will be paid on July 15. The yield is 4.9%. 🫐 $AQN (Algonquin Power & Utilities Corp) A quarterly dividend of $0.11 per share will be paid on July 15. The yield is 7.5%. 🍒 $BNL (Broadstone Net Lease Inc) A quarterly dividend of $0.29 per share will be paid on July 15. The yield is 7.4%. 🍍 $BXP (Boston Properties Inc) A quarterly dividend of $0.98 per share will be paid on July 31. The yield is 6.4%. 🍇 $EPRT (Essential Properties Realty Trust Inc) A quarterly dividend of $0.29 per share will be paid on July 12. The yield is 4.3%. 🍎KRC A quarterly dividend of $0.54 per share will be paid on July 10. The yield is 6.8%. 🥝 $OBDC (Blue Owl Capital Corporation) A quarterly dividend of $0.37 per share will be paid on July 15. The yield is 8.8%. 🍅 $SLG (SL Green Realty Corp.) A quarterly dividend of $0.25 per share will be paid on July 15. The yield is 5.4%. 👉 Portfolio’s Top Stock Movers Last week the following companies belonging to our portfolio had the biggest stock price changes. Winners: T +4.3%, ORA.PA +3.7%, VOD.L +3.67% Laggards: SLG -3%, NEP -2.97%, CWEN -2.74% 📈 Performance Last week Telecoms have been a clear winner after suffering losses over the previous week. REITs are down 0.56% Telecoms are up 2.2% Utilities are up 0.5%. The portfolio is up 0.52% for the week.

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