Hi Everyone
By now you have probably noticed that in spite of fake news, the economy and the market are improving. When President Trump makes comments about tariffs and negotiations, the news media continues to decry them, but the market now ignores them, and seeing positive results, stocks are up. In fact NVDA is at its all time high which could bode really well for this week’s NVDY (and maybe DIPS) dividends. They are still cheap so yields could be high. It might be smart not to wait until tomorrow to own these.
From our previous reports, PLTR was another victim of fake news. But it has been moving up since mid April and is now at its all time high. Consequently, tomorrows PLTY declaration could also be good. However, PLTY is nowhere near its high of $95. It has been holding in a flat band between $60 and $70 since mid April. Thus today might be a good time to get into this one as well.
Gold has been high since mid April but after the April peak, our GDXY dropped maybe because the dividends were only good – not wonderful.
MRNA (a so far not yet profitable vaccine company) has been holding its bottom since mid April as has our MRNY, yet, we have been collecting good dividends off of this cheap stock. Now might be an absolute bargain time to get in as the vaccine season starts in September and what you might pay now will be offset by Friday’s dividend.
The recent market could also provide us improved yields on our weekly payers – CHPY, LFGY and ULTY. ULTY (a mix of YieldMax funds) has been paying well. It doesn’t make sense that it is so cheap.
Until tomorrow,
Clint