Portfolio Clean-Up
Continued market strength makes dips an opportunity to buy on the long side. However, sector and company specific developments lead us to sell a couple Wealth Builders Portfolio members and add one.
A Changing of the Guard in Midstream MLPs
We understand investors’ pessimism toward MLPs. Including distributions, the Alerian MLP Index has performed poorly this year. Although sentiment toward midstream MLPs remains weak, the doom and gloom gives savvy investors an opportunity to lock in above-average yields on high-quality names that stand to benefit as US onshore oil and gas production takes market share over time.
The Long View: Economics Favor Stacked Energy Plays
Although our outlook for oil prices and the US energy patch favors an overweight position in core midstream holdings, nimble investors can generate alpha in upstream names by buying when oil prices retreat to the low end of their range and taking some profits off the table when they recover.
One Upgrade, One Downgrade
Energy stocks have lagged the rally in oil prices, suggesting that the sector could be due to play catch-up. We upgrade one pick and downgrade another.
The Discipline of Steel
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.
10/13/17: Slowing But Still Growing
Enterprise Products Partners LP's decision to slow its rate of distribution growth comes from a position of strength.
Macro Income Talk
What could take utility stocks down a peg? At the end of the day, a rotation out of dividend-paying stocks could pose the biggest risk. These realities mean that active investors should stay disciplined and be nimble; volatility creates pain—and opportunities.
Reviewing Midstream Energy IPOs
In an environment where energy prices remain lower for longer and short-cycle US onshore plays take market share, midstream MLPs with the best growth prospects remain some of our favorite picks. Do recent IPOs represent good investment opportunities?
Ordering from the Value Menu
We look at which Lifelong Portfolio holdings offer the best value.
Catalysts for Growth, Part 2
Last issue, we looked at catalysts for the 11 current Conservative Portfolio Holdings. This time around, we do the same for the seven Aggressive Holdings.