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Category Archives: High P/B
U.S. Dividend Watch List Review
Posted in Dogs of the Dow, High P/B, High P/E, Low Yield, P/E ratio, Spectrum Analysis
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TSX 60 Year-To-Date: April 5, 2021
Below is a chart of the performance of the Dogs of the TSX 60 from December 31, 2020 to April 5, 2021 (intraday).
The Toronto Stock Exchange has increased approximately +11.65% year to date. As a group, the Low yield category is crushing the high yield category. The top 5 and top 3 in the low price/book has exceeded the Toronto Stock Exchange by a wide margin.
In our January 3, 2021 posting, we said the following:
“…our personal bias is still with the Low Yield stocks however their performance isn’t as proven as the High P/B stocks..”
The top ten in the high price-to-book has exceeded the Toronto Stock Exchange by nearly double. At the time, we said:
“We’re looking to the High P/B stocks to lead the TSX on the way up and down. This means, if the market structure breaks down, the High P/B will lose more. Conversely, if the compressed value component is recognized in the TSX 60 for 2021, then the High P/B stock will be worth your while.”
We don’t understand the underperformance of the top 5, top 3, and 2,3,4 grouping for High price-to-book.
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Posted in Dogs of the TSX, High P/B
2021 Dogs of the TSX 60
Below is the Dogs of the TSX 60 for 2021 with the breakdown of the other categories that we track. Continue reading
Posted in Dogs of the TSX, High P/B
Dogs of the Dow: Part 1
Based on the work of TradingTips.com, the following are the Dogs of the Dow (ten highest dividend yielding stocks) from November 4, 2016 and their performance as of November 15, 2017 (intraday):
| symbol | name | total return |
| PFE | Pfizer Inc. | 23.93% |
| CSCO | Cisco Systems, Inc. | 17.63% |
| KO | The Coca-Cola Company | 16.25% |
| VZ | Verizon Communications Inc. | -1.36% |
| MRK | Merck & Co., Inc. | -3.73% |
| XOM | Exxon Mobil Corporation | 2.01% |
| CAT | Caterpillar Inc. | 68.31% |
| CVX | Chevron Corporation | 15.81% |
| BA | The Boeing Company | 95.67% |
| IBM | IBM | 1.38% |
| Average % change | 23.59% |
TradingTips.com also published a subset of the above list called the Small Dogs. (five lowest priced of the above 10 stocks). Those stocks from November 4, 2016 to November 15, 2017 (intraday) have had the following performance:
| symbol | name | total return |
| PFE | Pfizer Inc. | 23.93% |
| CSCO | Cisco Systems, Inc. | 17.63% |
| KO | The Coca-Cola Company | 16.25% |
| VZ | Verizon Communications Inc. | -1.36% |
| MRK | Merck & Co., Inc. | -3.73% |
| Average % change | 10.54% |
Below, we have generated the average performance of the top 3 Dow Jones Industrial Average (DJIA) stocks in the listed categories From November 4, 2016 to November 15, 2017 (intraday). The results show a considerable contradiction to the conventional wisdom on this topic.