12 Companies That Pay Monthly Dividends...

For your bonus this Sunday evening, I am forwarding on an email from Pro Trader Strategies that invites you to download a free booklet about 12 specific stocks that pay monthly dividends, for those of you who are interested in investing for income.  I have received a lot of emails from Pro Trader Strategies in the past but cannot recall if I ever clicked on their free links before. 

7 Safe Stocks To Buy With High Quality Ratings

Courtesy of this week's issue of U.S. News Invested, here is another short list of winning stocks right now that should fit any portfolio.  As always, for more detail on any of these stocks, click on the link provided.  Enjoy the weekend. At tomorrow should be nice.  

Wall Street shakes off Amazon, Apple weakeness to end modestly higher

The indexes spent much of the day in the red due to very disappointing Q3 reports from Amazon and Apple, but thankfully offset by good news from Microsoft which not only bounced them back but even respectably in the black again. As today’s expert put it, “The takeaway is the resilience to the overall index despite 10% of the market cap in two companies and yet the market is flat” (actually up!)  

S&P, Nasdaq hit record closing highs on earnings bullishness

As has been the pattern for quite some time now, the market bounced back big time today as the concern over the flattening yield curve took a backseat to the gushing Q3 reports which has almost half of the S&P in with 82% beating estimates and the earnings growth forecast now raised to 38.6 percent. All three indexes got a big boost with the Dow gaining back almost as much as it lost yesterday.  One thing boosting confidence is the new consensus that Biden’s bill would not boost corporate taxes as much as feared.  Volume remains above average at just over 11 billion. 

Cyclicals drag S&P 500 lower; Microsoft, Alphabet keep Nasdaq flat

The combo of dropping oil prices and the flattening of the Treasury yield curve prompted investors to move money out of cyclicals and into the more reliable tech sector with the Nasdaq up over 120 points before crashing back down to break-even in the final hour of trading, and the Dow taking a hit of 266 points. Q3 reporting continues swimmingly with 192 companies reporting and 83% beating estimates, prompting the Q3 earnings forecast to once again be bumped up, today to 37.6 percent. Volume was again above average at 11.7 billion. 

Wall Street closes at record but Facebook weighs

It was a day of taking a breath as more Q3 reports come in with Facebook in particular being a disappointment, but then that’s something that everyone certainly saw coming.  And even though the indexes didn’t move much, there was still a very small upward motion that sent the Dow and S&P to still new records.  The good news is that consumer confidence rebounded and new home sales surged but this also pointed to too much good data that might impact the Fed’s policies.  So there was also some caution reflected in the defensive sectors. Volume was considerably above average at 12.3 billion.  

S&P 500, Dow close at new highs as Facebook starts heavy earnings week

As we enter one of the heaviest Q3 reporting weeks both the Dow and S&P reached new highs and another big boost into tech raised the Nasdaq just 1% away from its record. With 1/3 of the S&P now reporting and 83% topping forecasts, earnings estimates are now expected to grow by 34.8 percent. For the second day, volume is above the 4-week average at 10.9 billion.