With this bull market on the verge of year ten, even the most selling-averse investor needs to shift strategies, at least slightly. We have three easy steps, as well as a few Portfolio updates to share.
Third-quarter earnings season is in full swing. One of our favorite utility stocks earns a higher buy target, while our two master limited partnerships (MLP) continue to generate excess cash flow, enabling them to reduce their reliance on the equity market for fresh capital.
The near- to intermediate-term future looks bright for utility stocks and the sector’s prospects for earnings and dividend growth. However, with the Dow Jones Utility Average making new highs, investors must consider how much of this good news the market has priced in to sector favorites.
The first two Lifelong Income Portfolio stocks have announced third-quarter results. The common theme: Low investor expectations embodied in low valuations are a major advantage when the spotlight is on.
Over the next few weeks, Lifelong Income portfolio members will deliver quarterly results. It’s likely to be quiet quarter for most. But several companies face potentially key developments that merit close watch.
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