Prior Year Watch List Review (May 24, 2019)
The best performing strategy from last year was high P/B which came in virtually flat for the year. This was driven by a rise of +40% for Jack Henry & Associates (JKHY). However, that gain was offset by a loss of -53% from Nordstrom (JWN). Chasing high yield companies was detrimental with Alliance Resource Partners (ARLP), which at the time yield 12.30%, as it lost -82% in a year. Occidental Petroleum (OXY) with yield of 5.80% lost -74%.
| May 24, 2019 | ||
| Strategy | High | Low |
| Yield | -58.8% | -7.9% |
| P/E | -11.2% | -34.4% |
| Payout Ratio | -28.5% | -18.0% |
| P/B | -0.4% | -39.4% |
| Closest to Low | -18.4% | |
| S&P 500 | -4.4% | |
| Dow Jones Ind | -4.4% | |
| Top 5 companies except for Index | ||
U.S. Dividend Watch List May 22, 2020
Since the low in March 2020, the market appears to be consolidating between 2,800 and 3,000. Interestingly, the Nasdaq is only 5.50% from the high and is in the black YTD. Obviously tech appears to be the winner during this interesting period and we are seeing some companies making new highs. Below are companies that are still trading near the low. Continue reading
