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☆ Here are investor Jenny Harrington's top income plays — and they all yield around 6% or higher
▼ + stars: | 2024-03-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

When income investor Jenny Harrington looks for top dividend stocks, names like Whirlpool come to mind. The home appliance manufacturer not only has a 6% dividend yield, but it has also gotten very cheap, Harrington said. She buys names that have a "reasonably high dividend yield" for her portfolio, which typically generates a 5% dividend yield or better. "We specifically focus on dividend income rather than dividend growth, because the objective of our portfolio is to generate a strong and sustainable income stream for our clients," Harrington said. WHR 1Y mountain Whirlpool's one-year performance She would also like to see the potential for earnings growth in the names she buys.

Persons: Jenny Harrington, Harrington, Jay Brown, Anthony Melone, Ted Miller, William Brown, cyclically Organizations: Whirlpool, Asset Management, Dow Jones U.S, SEC, Investment Management, Crown Castle, Clearway Energy, Clearway, L3Harris Technologies

☆ A potential warning signal is triggered for the market
▼ + stars: | 2023-06-29 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

The stock market's hot streak to start 2023 may be due for a cooling off, based on a warning signal that was recently triggered. "The last two times [the low-beta index] hit this level; it was the top for the S & P 500." Low-beta stocks are less volatile than the broader market, making them attractive during times of market uncertainty. The S & P 500 is up 14% year to date, on track for its biggest first-half performance since 2021. Thematic Market Neutral Low Beta Index is down 15% year to date — signals investors may be taking too much risk at the moment.

Persons: Eric Johnston, Cantor's, Johnston Organizations: Dow Jones U.S

Blackstone has been exercising its right to block investor withdrawals from BREIT since November last year after requests exceeded a preset 5% of the net asset value of the fund. BREIT fulfilled withdrawal requests of $666 million in March, representing only 15% of the $4.5 billion in total redemption requests for the month, the firm said in a letter to investors. Total redemption requests for March were 15% higher than the approximately $3.9 billion demanded by investors in February but 16% lower than the $5.3 billion Blackstone received in January. The level of withdrawal requests is expected to normalize over time as Blackstone works through its backlog, Blackstone President Jonathan Gray said during an analyst earnings call in January. Blackstone shares were down 3.7% to $84.6 per share, in line with the broader market, which was also trading lower.

☆ Factbox: Redemption wave hits private REITs amid valuation jitters
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Jan 24 (Reuters) - Investors looking to cash out of non-traded U.S. real estate income trusts (REITs) have pushed redemptions to an all-time high, forcing private equity firms to impose curbs to block withdrawals. The spike in redemptions comes as the returns of private REITs and their publicly-listed counterparts have diverged in recent months. REITs managed by Blackstone, Starwood and KKR reported returns of 8.4%, 6.3%, and 8.32% as of the end of December. Select REIT Total Return Index (.DWRTFT) fell 25.96% over the same period. Reuters Graphics Reuters GraphicsReporting by Chibuike Oguh in New York; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ KKR blocks REIT withdrawals in latest redemption wave
▼ + stars: | 2023-01-19 | by ( Chibuike Oguh | ) www.reuters.com time to read: +1 min

KKR is the latest manager of private REITS to limit investor withdrawals following similar curbs at REITs managed by Blackstone Inc (BX.N) and Starwood Capital. As a result, KKR allowed investors to redeem just $79.3 million, which is equivalent to approximately 62% of the total investors' repurchase requests of about $128 million. Investors are increasingly looking to cash out of private REITs amid a growing disparity in their returns and those generated by public REITS. KKR reported that its REIT generated an 8.32% return as of the end of December compared with the publicly traded Dow Jones U.S. Select REIT Total Return Index (.DWRTFT), which fell 25.96% over the same period.

☆ Charts are ‘screaming’ that it’s not too late to buy homebuilder stocks, Jim Cramer says
▼ + stars: | 2023-01-10 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

CNBC's Jim Cramer on Tuesday said that investors still have a chance to buy homebuilder stocks before a possible run-up. "The charts, as interpreted by Dan Fitzpatrick, suggest that we're looking at a truly counterintuitive bull market in the homebuilders, and even though that's not supposed to happen at this point in the business cycle, the bulls keep running anyway," he said. The Federal Reserve has raised interest rates over the last year to tamp down inflation, hammering stocks of every industry from tech to retail to financials. However, the action in homebuilder stocks from recent months suggests that they're going against the tide, according to Cramer. To explain Fitzpatrick's analysis, he examined the daily chart of the Dow Jones U.S. Home Construction index.

☆ China funds with energy bets stand out in a bleak year
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +3 min

SHANGHAI, Dec 30 (Reuters) - Chinese fund managers who made big bets on energy companies are celebrating a year that was brutal for many of their peers. Huang Hai, who manages three funds for Wanjia Asset Management, far outperformed the market by wagering on energy stocks such as CNOOC , China Shenhua Energy (601088.SS) and Shaanxi Coal (601225.SS). Energy companies including Shaanxi Coal, Shanxi Lu'an Environmental Energy (601699.SS), Guanghui Energy (600256.SS) and Shenhua Energy are among her fund's top 10 holdings. A Chinese index fund that tracks the Dow Jones U.S. The Lion Oil and Gas Energy Equity Fund, which invests in global energy funds under China's outbound QDII scheme, delivered a return of 53% for domestic investors.

☆ EV stocks face another turbulent year, but some names are set for big gains, analysts say
▼ + stars: | 2022-12-24 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Electric vehicles remain hot Meanwhile, electric vehicles have a tailwind from new legislation. Meanwhile, Cantor Fitzgerald began coverage of Rivian on Dec. 20 with a $30 price target, which marks nearly 57% upside from Friday's close. The average analyst has a target price of $44.88 on the stock, reflecting potential upside of 134%, according to FactSet. Legacy automakers try to catch up Ford and General Motors are trying to gain ground within electric vehicle production. Goldman Sachs' Delaney said the firm currently prefers GM to Ford given its "head start" on electric vehicles.

☆ Blackstone CEO says financially distressed investors driving REIT redemptions
▼ + stars: | 2022-12-07 | by ( Chibuike Oguh | ) www.reuters.com time to read: +3 min

Blackstone relies on the REIT for about 17% of its earnings. Large redemptions have been seen at other such funds, with investment firm Starwood Capital informing investors last week that its $14.6 billion non-traded REIT also had raised the gates. There has also been a wave of redemptions at other non-traded Blackstone funds marketed to high net-worth investors. He added the redemptions did not mean the investors were not happy with the REIT and its profits. Blackstone has reported a 9.3% year-to-date return for its REIT, net of fees, a contrast to the publicly traded Dow Jones U.S.

Blackstone (BX.N) limited withdrawals from its $69 billion unlisted REIT on Thursday after redemption requests hit pre-set limits amid investor concerns it was slow to adjust valuations as interest rate surged, a source close to the fund said. The development is yet another reminder of the risks facing not just sectors that are sensitive to higher interest rates but also broader financial markets, which have rallied sharply on hopes that interest rate hikes will slow. "REITS had a fantastic performance for a couple of months but when you have that outperformance, investors don't react to traditional fundamental signals such as rising rates," she said. But in recent weeks expectations have risen that the Fed will "pivot" from aggressive tightening, prompting investors to price in lower peak interest rates. Blackstone has reported a 9.3% year-to-date net return for the REIT, while the publicly traded Dow Jones U.S.

Nonetheless, they fueled investor concerns about the future of the REIT, which makes up about 17% of Blackstone's earnings. "People are taking profits at the value Blackstone says their REIT shares are at," said Snyder. As a result, the REIT allowed investors in November to redeem $1.3 billion, equivalent to approximately 43% of investors' repurchase requests. Some analysts said Blackstone's REIT runs the risk of getting caught in a spiral of selling assets to meet redemptions if it cannot regain the trust of its investors. On Blackstone's third-quarter earnings call in October, Gray blamed REIT redemptions on market volatility, which he said had driven away individual investors from active equity and fixed income funds.

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