Published Mon, 12 Aug 2019 15:09:46 -0400 on Seeking Alpha
August is starting off on a pretty rough note even after the market received its expected rate cut from the Federal Reserve. With this, there have been suggestions that the S&P 500 could be headed south as major support somewhere lies somewhere between 2600 and 2800.
This means that I expect to see some interesting value propositions across a number of sectors. It has been a while since I looked at the VIX index (there isn't much need to look at it when the markets are acting normally) and I offer an explanation of the VIX index in my article The VIX To Rule Them All - And The 3 Value Stocks We Added In The Volatility. The key item to remember about the VIX index is that it serves as an "investor fear gauge" by tracking the calls and puts of the S&P 500.
Data by YCharts
What is most helpful about the VIX index is that a dramatic rise almost always correlates to a steep drop in the values of the greater market. Decreases in the VIX end up resulting in prosperous periods of time where the market steadily rises. Let's consider the following two images for evidence of what I'm referring to.
Data by YCharts Data by YCharts
As I mentioned before, the more intense the spike in the VIX index is the more pronounced the fall in the Dow Jones industrial average and S&P 500 is likely to be. The most recent spike is the largest we have seen YTD-2019 but is nowhere near the levels that we saw at the end of 2018 (at least not yet).
During times like... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|NEW RESIDENTIAL INVESTMENT||14.98||18.0||0.83||2.00||13.28|
|ARBOR REALTY TRUST||12.77||9.1||1.40||1.16||9.21|
|WESTLAKE CHEMICAL PARTNERS LP||21.72||13.6||1.60||1.83||8.44|
|TANGER FACTORY OUTLET CENTERS||16.50||21.4||0.77||1.42||8.35|
|HELMERICH & PAYNE||40.76||0.0||-0.68||2.84||6.74|
|SIMON PROPERTY GROUP||155.27||20.8||7.48||8.40||5.21|
|WP CAREY & CO||88.72||31.4||2.83||4.14||4.73|
|WASHINGTON TRUST BANCORP||50.06||12.6||3.98||2.04||4.22|
|OLD REPUBLIC INTERNATIONAL||22.80||9.2||2.48||0.80||3.57|
|JOHNSON CONTROLS INTERNATIONAL||44.30||6.7||6.57||1.04||2.42|
|AIR PRODUCTS & CHEMICALS||220.67||28.6||7.72||4.64||2.17|
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