Fluctuations in the US dollar's value relative to major international currencies can influence crude-oil prices. But many more important factors are also at play. Right now, elevated oil inventories, resilient US production and the prospect of refinery turnarounds set the stage for seasonal downside in the price of West Texas Intermediate.
The recent pullback in dividend-paying stocks means that two of our favorites at attractive valuations. Both could experience more downside in the near term because of concerns about rising interest rates, but remain solid holdings for the long haul.
We attended the National Association of Publicly Traded Partnerships' MLP Investor Conference and lived to tell the tale. Here are some of our key takeaways from the most important event of the year for MLP investors.
Investors have sold utility stocks en masse, using concerns that rising interest rates will erode the value of future dividends as an excuse to take profits after last year’s rally. This is the pullback we’ve been waiting for, but there could be more downside in store. We highlight two high-quality names to buy now.
Key technical indicators suggest that US equities could be due for a 5 percent to 10 percent pullback. We take advantage of recent weakness in one of the names on our watch list and add the stock to the Wealth Builders Portfolio.
Telecom’s biggest players continue to pull away from the competition, making these high-yielding stocks the only names in the sector worth owning. Meanwhile, yield moths eyeing closed-end bond funds need to understand the risks and be selective to avoid getting burned.
The S&P 500’s flat performance this year belies a number of major market and economic trends that investors can ride to profits. These key themes will inform our investment strategy as we continue to assemble our shopping list for a potential pullback in the stock market.
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