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Wall Street’s Best Dividend Stocks 309

We have a great variety of sectors and companies for your review this month, beginning with our Spotlight Stock, a Real Estate Investment Trust, paying a high yield, that operates in non-urban locales—a pretty rare find, indeed—as most REITs concentrate their holdings in large cities.

Wall Street’s Best Dividend Stocks 309

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Market Views

Further Gains Likely

Trading was quieter today as investors await the outcome of the Summit. Volatility could pick up as there are announcements this week by the Federal Reserve (FED) and the European Central Bank (ECB) regarding monetary policy where the Fed is likely to raise interest rates by 25 basis points. Investors are also waiting for information regarding ECB plans about when the bond purchasing program will end.

There was a short-term breakout to the upside last week. Further gains are likely, if the QQQ remains above support at 172.00. I continue to give the bulls the benefit of the doubt, unless the QQQ falls below the lower channel at 169.00
Dr. Marvin Appel and Gerald Appel, Systems and Forecasts, www.systemsandforecasts.com, 800-829-6229, June 11, 2018

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Cautious While Waiting on North Korea

Today’s trading has reflected an optimistic market so far as the summit draws nearer, but investors appear cautious. A botched deal in which the U.S. pushes for complete, verifiable, and irreversible denuclearization (CVID) but North Korea disobeys could cause a short-term fall in markets, as markets have recently been moving more on political and global events than on economic data. A great weight rests on Tuesday’s outcome, as investors await the fate of America’s gravest security threat and North Korea’s best chance of having its voice heard by the world.
Ron Rowland, All Star Investor, www.AllStarInvestor.com, 800-299-4223, June 11, 2018

Rising Rates will Hurt Earnings (and the market)

The current rally still has legs, led by huge stock buybacks and over-enthusiasm over the tax cuts. However, when the earnings comparisons are against prior years that already have had the benefit of the tax cuts, earnings won’t look as handsome. Moreover, many companies will have to pay higher interest on roughly $3.8 trillion of corporate loans that will need refinancing in each of the next several years. As icing on the cake, a recent Moody’s report stated that 37% of US non-financial corporate debt is below investment grade. That’s about $2.4 trillion. If these companies can get refinancing, they are going to pay significantly higher rates for it, and in many cases the interest will not be fully-tax deductible. Thus, earnings may be disappointing as early as Q2 of next year.
Jack Adamo, Jack Adamo’s Insiders Plus, www.jackadamo.com, June 10, 2018


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The next Wall Street’s Best Dividend Stocks issue will be published on July 11, 2018
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