Eq: Large Cap
There has been a lot going on in the SPAC world, and high yield bonds have been very active lately given the rate environment too. But from a casual glance it would be hard to see that the two have much impact on one another. Yet, as it happens, SPACs are helping strengthen the high-yield bond market. According to the Wall Street Journal, “The wave of cash raised by special-purpose acquisition companies is rolling into the junk debt market, aiding distressed companies and rewarding investors who own their bonds and loans … SPACs, also known as blank-check companies, have issued roughly $100 billion of stock this year, a record, to buy private companies and take them public. Some SPACs are targeting companies with below-investment-grade credit ratings, hoping to use their cash piles to pay down debt and grow the businesses”.
FINSUM: When there is that much money in search of targets, it makes perfect sense that the search would extend into the high yield market.
Q1 Earnings are starting to roll in for many companies and this presents an opportunity…see the full story on our partner Magnifi’s site
65 Stocks make up the dividend aristocrats in the S&P 500, known for their consistency, however some…see the full story on our partner Magnifi’s site
The recovery has boosted the junk bond market as investors saw investment-grade bonds and government debt perform…see the full story on our partner Magnifi’s site
It is no secret that oil and gas stocks have great dividends. What makes the sector special right now is that the sector is also looking like a good investment for capital appreciation because of the rise of the “commodities super cycle”. With all that in mind, check out these three names for good income: Marathon Petroleum (MPC) or its MLP, MLPX, Energy Transfer (ET), and Antero Resources (AR). All three opportunities currently offer double digit yields.
FINSUM: Oil is definitely in recovery mode, so the combination of value and income is compelling.
Consumers spent more at online stores last year than the previous year by a staggering $900 billion…see the full story on our partner Magnifi’s site