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

Lithuania

WEEKLY UPDATE 🔆 2024 WEEK 35, Aug 26 – Sept 1 Dear Investors, Followers and Copiers, Recent strong economic data and softening inflation calms investors. The market rally, started immediately after Aug 5 rout, is broadening and many financial, healthcare and consumer staple companies are at all-time highs. JPMorgan said that Q2 companies’ earnings can be up almost 11% over a year. IT and Communication services are expected to deliver another quarter of double – digit earnings growth and Health Care should bounce back. Industrial and Materials are expected to see earnings fall relative to last year. On Friday Chair Powell gave his remarks at Jackson Hole Economic Symposium. He indicated that interest rate cuts are on the table. Powell said that the time has come for policy to adjust, and the timing and pace of cuts will depend on incoming data. Important August jobs report is expected on Sept 6. Traders are pricing in 100% chance of a rate cut in September according to FedWatch tool. 🌍Macro view Economic growth is moderating. In the second half of 2023 the US economy’s growth was 4.1% and in the first half year of 2024 it is 2.1% which is still solid. At the same time the unemployment rate is on the rise and wage growth cools down. This makes investors nervous and sensitive to any piece of less favorable data. Add to that geopolitical tensions and the upcoming elections and you have high chances of elevated volatility ahead. However, the upcoming interest rate cuts are a tailwind at the market’s back and the rest of the year most probably please investors with returns. $DJ30 $SPX500 $NSDQ100 PORTFOLIO NEWS OF THE WEEK 🍰Ex – Dividend Dates This Week The following Ex -Dividend Dates are expected this week. 🍎Aug 30 $ADC (Agree Realty Corp) A monthly dividend of $0.25 per share (in line with previous) will be paid on Sept 16. The yield is 4.12%. 🍍Aug 30 $OBDC (Blue Owl Capital Corporation) A quarterly dividend of $0.37 per share (in line with previous) will be paid on Sept 13. The yield is 11.74%. 👉Portfolio’s Top Stock Movers Last week the following companies belonging to our portfolio had the biggest stock price changes. 🥇Winners: KRC +8%, EPRT +6.4%, NSA +6.2% ↘️Laggards: WBA -5.7%, BMY -2.5%, LGEN.L -1.6% 📈Performance Last week the main sectors within the portfolio performed as follows. REITs are up 4.3% Telecoms are up 0.73% Utilities are up 1.5%. The portfolio is up 1.22% for the week.

5 Mentioned

DJ30

SPX500

NSDQ100

ADC

Agree Realty Corp

OBDC

Blue Owl Capital Corporation