Published Mon, 04 Feb 2019 14:38:27 -0500 on Seeking Alpha
2019 officially started with bang! While, technically, the volatility that the market has been experiencing over the past few months is entirely normal, the timing of the latest rally almost perfectly coincided with the turn of the calendar…so it is certainly nice to have the first monthly print of the year be so positive. In fact, January 2019’s 7.9% gain in the S&P 500 was its best January performance since 1987 (over 30 years!).
Furthermore, the gains were not just limited to the U.S. (as they seemingly have been in recent years) and everyone made money (unless you got scared out of the market by Q4 2018’s troubles).
Source: The Capital Spectator
In my opinion, it is a little too soon to declare total victory as plenty of the 1-year returns are still negative…but I do love to look at my portfolio after a sharp rally. However, I am a bit disappointed that many of the screaming buys have been re-priced into more modest buys (I’m a professed discount shopper). Personally, I expect that volatility will continue to whip stocks around (2019 might be the year that stock pickers finally produce meaningful alpha).
However, nothing fundamental has happened in the past month (or quarter or year) to change the fundamentals of the U.S. and world economy (growing slow but steady). The only thing that has changed are the relative valuations of stocks (from quite pricey in mid-2018 to more reasonably priced today). If you have... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|NEW RESIDENTIAL INVESTMENT||16.87||5.9||2.86||2.00||12.03|
|SABRA HEALTHCARE REIT||19.34||12.8||1.51||1.80||9.56|
|OMEGA HEALTHCARE INVESTORS||36.11||25.8||1.40||2.64||7.47|
|TANGER FACTORY OUTLET CENTERS||18.91||43.0||0.44||1.42||7.36|
|BLACKSTONE MORTGAGE TRUST||35.59||13.9||2.56||2.48||7.16|
|SPDR S&P INTERNATIONAL DIVIDEND ETF||38.77||0.0||0.00||0.00||2.17|
|BANK OF AMERICA||30.02||11.2||2.69||0.60||2.00|
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