Below is the performance of the individual Dow Jones Industrial Average constituents from December 29, 2017 to February 21, 2018.
The latest update on the performance of the respective categories demonstrates, in part, the quality of analysis that we provided on the Dogs of the Dow investment theory.
In all of our postings on interest rates, we have made the claim that the Federal Reserve follows the markets when it comes to setting policy.
Recently there has been a low rumbling that rates might need to be increased faster than expected. In a USA Today posting on February 19, 2018, it was suggested that faster hikes might be needed.
In a Reuters posting dated February 20, 2018, the Bank of Korea Governor Lee Ju-yeol said that “If (the Fed moves) faster than expected, it will immediately impact international financial markets and also domestic markets as well, so we’re prepared to respond to such a scenario.”
If you’re wondering why there is any discussion of rapid rate increases then the story is all in the data that we’ve been tracking below.
On Monday February 12, 2018, we kicked off the Coppock Curve series with one of the largest oil field service company, Halliburton. Today, we continued on that oil sector review with a drilling company, Helmerich & Payne (HP).
One aspect that we like about Helmerich & Payne is its long history. Because of that, we are able to extract the data going back as far as 1982. The chart below displays HP's Coppock Curve from 1982 until now. Such a long history allows us to study the effectiveness of this strategy. Continue reading
Below is the total return performance of the Canadian Dividend Watch List from February 27, 2017 to February 16, 2018.
||Accord Financial Corp.
||The Jean Coutu Group
||Dream Office REIT
At the time, we thought that The Jean Coutu Group (PJC-A.TO) was likely to do better than an investment in REITs. While PJC-A.TO did generate the highest total return, the REIT stocks did much better than we anticipated.
Below we have ranked the performance by selecting the top three stocks from the respective fundamental categories.
The Toronto Stock Exchange was relatively unchanged over the last year while the entire watch list averaged +6.10%.