Good morning. It's Tuesday, April. 23 and we're covering 3 dividend stocks for consistent cash flow, secrets for success, what the NAR settlement means for home buyers and sellers, and much more. | First time reading? Sign up here. | Stock Market Update | | | | | Market Performance: April 22, 2024. | US stocks rebounded on Monday, with the S&P 500 snapping a six-day losing streak as investors braced for a rush of Big Tech earnings. The S&P 500 (^GSPC) rose 0.9% to climb back above 5,000 after closing below the key level on Friday for the first time since February. The Dow Jones Industrial Average (^DJI) added 0.7%, or more than 200 points. The tech-heavy Nasdaq Composite (^IXIC) also gained 1.1% as AI darling Nvidia (NVDA) rebounded by adding than 4%.
Hopes are now resting on Big Tech earnings this week to reassure and reignite the market. On deck are quarterly reports from Meta (META), Microsoft (MSFT), and Alphabet (GOOG).
The focus Monday was on Tesla (TSLA) as the EV maker cut prices in the US, China, and several other countries. Tesla will report quarterly results on Tuesday after the market close. The Elon Musk-led company has already unsettled some investors with its robotaxi push and decision to have shareholders vote again on Musk's rejected pay package. Tesla shares lost 3.4%. |
| |
| | |
| | Financial Maverick Insights | | | | | Monthly Money Makers: 3 Dividend Stocks for Consistent Cash Flow | Dividend investors look for promising investment opportunities that provide steady cash flow. Some corporations offer quarterly dividend distributions for their investors and raise them yearly.
Reinvesting dividends can help you compound your dividend income even more. While you can construct a portfolio with monthly payments in mind, some dividend stocks simplify matters with monthly cash flow. You will receive monthly cash flow if you buy shares of any of the stocks listed below.
Main Street Capital (MAIN)
Main Street Capital (NYSE:MAIN) has a 6% yield and distributes monthly dividends. The stock has been up by 20% over the past year and has more than $7 billion in investment capital under management. The firm lends money to lower-middle market companies. This distinct market offers less correlation to broader stock market performance. This stock can remain flat while stocks are enduring sharp corrections.
Stag Industrial (STAG)
Stag Industrial (NYSE:STAG) is an industrial real estate investment trust that prioritizes warehouses and storage facilities. The company has more than 500 buildings in 41 states, encompassing 112.3 million square feet. The stock isn't the type to outperform the market, and that's a common theme among companies that offer monthly dividends. Stag Industrial has been up 27% over the past five years and has a 4% dividend yield.
Realty Income (O)
Realty Income (NYSE:O) is another real estate investment trust that delivers monthly dividends and steady cash flow for its investors. The company recently increased its dividend for the 124th time. It also marks its 645th consecutive monthly dividend throughout its 55-year operating history. Realty Income makes its money from many tenants. Casino giants, grocery chains, convenience stores and fast food restaurants are some of the company's clients. The stock has been a bumpy ride for investors as shares are down by 23% over the past five years. However, a 5.82% dividend yield and monthly cash distributions have helped investors break even. |
| |
| | |
| | | | | | 3 Small Business Owners Share Their Secrets for Success | Building a small business from the ground up is not an easy feat, and entrepreneurs need to navigate several variables, including creating a business model, picking a location or coverage area, securing funding, hiring staff, and handling sales and marketing endeavors.
Winning strategies for small business success include the entrepreneur's work ethic, the goods or services provided and other intangible variables.
We asked three small business owners to share their professional wisdom and share tips on how to compete successfully in today's economy.
Find Something You Love to Do and Create a Business Around That
In 1906, two brothers-in-law opened a plumbing company and in 2024, that tradition is continued by the fifth generation of ownership at Petri Plumbing, Heating, Cooling & Drain Cleaning in New York. "We love working in our trade and the special feeling we get every day by allowing our customers to live in greater safety and comfort," co-owner Chris Petri, said in an email. Petri attributes the longevity of his company to the values of safety, integrity, a "WOW" service commitment and a team of service experts that's dedicated to their company, their community and quality of their work.
When You Do a Great Job in Your Industry, You Get Noticed and Your Business Grows
Gladys' Cleaning Service is a professional cleaning service with 20+ years of experience in the cleaning industry. It offers post construction cleaning, deep cleaning service, window cleaning, awning cleaning, barricade cover cleaning, power washing, carpet shampoo and janitorial services serving five counties in New Jersey. CEO Gladys Vonglahn said the secret to success for her business has been the company reputation for high-quality cleaning and her team of employees. That foundation of trust has launched the company to new heights.
Put People Before Profit
Sonoran Technology and Professional Services, based in Goodyear, Arizona, is a service-disabled, veteran-owned small business that primarily provides pilot and aircrew training support services for the U.S. Air Force. "We also specialize in courseware development; program management; logistics support; flight scheduling; command, control, intelligence, surveillance and reconnaissance (C2ISR) subject matter expertise; and other support services required by the Department of Defense, Small Business Administration and previously the Department of Justice," owner Paul A. Smiley said in an email. |
| |
| | |
| Real Estate News |  | What the NAR settlement means for home buyers and sellers | Learn how the new rules ushered in by the $418 million National Association of Realtors settlement could change the process of buying and selling a home. |
|
|
|  | How To Become A Real Estate Agent | Quicken Loans | Becoming a real estate agent can be a pathway to a lucrative career. Interested? Learn about how to become a licensed real estate agent with our how-to guide. |
|
|
|  | The outlook for home prices has changed drastically in just the past month as Fed rate cuts look more and more distant | Freddie Mac said home prices will increase 0.5% in 2024 and 2025, after saying last month they will rise 2.5% in 2024 and 2.1% 2025. |
|
|
| | Personal Finance Tips |  | High-Yield Checking vs. High-Yield Savings Accounts: Which Is Best for You? | Discover whether a high-yield checking or savings account is a better fit. We highlight the differences between the two accounts to help you decide the best option. |
|
|
|  | How Much Income Should You Spend on Rent? - NerdWallet | How much should you pay for rent? One rule is to spend 30% of your gross income. You can also use a budgeting approach like 50/30/20, where 50% of your take-home pay covers necessities including housing. |
|
|
|  | Infographic: Where Do People Save the Most Money? | This chart shows the household savings rate in selected OECD countries in 2022. |
|
|
| | Alternative Investing |  | Should Investors Buy This Forgotten, Beaten-Down AI Stock? | As the surging popularity of AI stocks has lifted many of them to pricey valuations, some investors have begun looking at Chinese tech stocks to find bargains in this space. |
|
|
|  | 3 Crypto Stocks That Can Still Take Off After the Bitcoin Halving | The Bitcoin halving has happened, but could a Bitcoin price melt-up be next? |
|
|
|  | Pros and cons of owning Big Tech | Saving and investing beyond a million dollar portfolio includes owning tech stocks. |
|
|
|
|
| | How Much Income Should You Spend on Rent? | | | Reach Over 100,000 Financial Mavericks | Advertise with Financial Maverick to get your brand in front of the Financial Gurus in the world. The Mavericks are high-income and highly knowledge people who are always looking for an interesting product or tool. | | | Share Financial Maverick | Calling all Financial Mavericks! To help out a family and friend in need by sharing this newsletter. Tell you what if you ever wanted to be a Hero, Financial Guru, or a Nice Person this is your time! | | | DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. | |
|
No comments:
Post a Comment