Succinct Summation of Week’s Events for 5.7.21 (plus High Dividend Yield Value Stocks to Buy)

Below is the weekly summation, the bad news of weak jobs data taken as a positive as supportive of more stimulus, the corresponding negative that payrolls came in below expectations and April unemployment came in at 6.1%, 0.1% higher than March. The bonus to conclude this weekend is a list of value stocks from this week's U.S. News Invested that pay high dividends, particularly useful during this recent trend of the market moving away from tech and towards value as the economy continues to improve. This is useful as the dividends give these value stocks the same advantage as growth.  Hope everyone enjoyed the weekend, wet and cold as it was. 

Succinct Summation of Week’s Events for 5.7.21

May 7, 2021 6:00pm by Barry Ritholtz

Succinct Summations for the week ending May 7th, 2021

Positives:

1. Weak Jobs data supportive of more fiscal stimulus.
2. Jobless claims fell 92k w/o/w from 590k to 498k.
3, Non-farm productivity rose 5.4% in Q1, above expectations.
4. PMI Manufacturing came in at 60.5 for April, above previous levels.
5. PMI Composite came in at 63.5 for April, above expectations.
6. Factory orders rose 1.1% m/o/m, above previous decrease.

Negatives:

1. Non-farm payrolls rose 266k m/o/m, below expectations of1m+
2. Unemployment rate came in at 6.1% for April, above the previous 6.0%.
3. Private payrolls rose 218k m/o/m, below expectations.
4, Home mortgage apps fell 3.0% w/o/w after the previous decrease of 5.0%.
5, ISM Services index came in at 62.7 for April, below the previous 64.2.
6, ISM Manufacturing index came in at 60.7 for April, below expectations.

 

7 High Dividend Yield Value Stocks to Buy

Income investors should look for stocks that have a firm foundation along with big payouts.

By Jeff Reeves  --  U.S. News Invested

5-6-21 7 High Dividend Yield Value Stocks to Buy | Stock Market News | US News

May 6, 2021, at 1:41 p.m.

7 High Dividend Yield Value Stocks to Buy

These value stocks come with reliable dividends.

Now that more than 100 million people in the U.S. have been vaccinated, some investors are starting to wonder if the biggest bump to the stock market is behind us – and that a return to growth is now priced in. It's also not very encouraging to growth-oriented investors that Treasury Secretary and former Federal Reserve Chair Janet Yellen mentioned earlier this week that higher interest rates may be necessary to keep the U.S. economy from overheating. In such an environment, value investments may be coming into focus as investors have less appetite for risk and want tried-and-true names with inherent value to their operations. The following seven stocks are large and entrenched value plays that may be worth a look right now both for their stability and dividend yields of 5% or more.

Annaly Capital Management (ticker: NLY)

Financial stocks tend to be popular value investments as these company's sit on a large amount of assets with tangible value. Annaly is a bit different in that it mainly finances residential and commercial real estate, and its assets are mostly mortgage-backed securities and related loans. The company is structured as a real estate investment trust, or REIT, but it doesn't actually operate these properties and instead just focuses on the loans. It's a unique business, but it's one with deep underlying value. NLY also has a strong history of generous dividends as it passes on a bit of these loan payments to shareholders via a 22-cent quarterly payday.

Current yield: 9.73%

Seven high-yield dividend value stocks to buy:

• Annaly Capital Management (NLY)
• AT&T (T)
• Energy Transfer (ET)
• GlaxoSmithKline (GSK)
• Iron Mountain (IRM)
• PPL Corp. (PPL)
• Rio Tinto (RIO)