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☆ These dividend-growing stocks are ripe for the picking in 2024, Morgan Stanley says
▼ + stars: | 2024-01-10 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Dividend-growing stocks offer investors the ultimate of benefits: the prospect of rising income and stock price appreciation, Morgan Stanley found. Tech isn't usually associated with dividend income, but some semiconductor-related stocks made it to Morgan Stanley's list. Broadcom , an artificial intelligence beneficiary whose shares are up 88% in the past year, was also highlighted on Morgan Stanley's list of dividend ideas. Finally, Mondelez International , maker of Sour Patch Kids candy and Oreo cookies, made it to Morgan Stanley's list of dividend growers. Other names that made Morgan Stanley's list of companies that have raised their dividends include Accenture , Microsoft , Marathon Petroleum and D.R.

Persons: Morgan Stanley, Todd Castagno, Castagno, Morgan Stanley's, Lam, Atif Malik, Morgan, Goldman Sachs, Morgan Stanley's Pamela Kaufman, Mondelez Organizations: Federal Reserve, Equity, Tech, Lam Research, FactSet, Citi, Broadcom, Mondelez, Accenture, Microsoft, Marathon Petroleum Locations: U.S, Horton

☆ Investors poured cash into these fixed income ETFs in 2023
▼ + stars: | 2024-01-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

The Federal Reserve's monetary policy set the tone for the fixed income world in 2023 – right down to which exchange traded funds investors picked to take advantage of higher interest rates. Bond yields have an inverse relationship to their prices, so that when prices decline, yields rise and vice versa. The Vanguard Long-Term Treasury ETF (VGLT) was another favorite of investors, with about $7.3 billion in net flows in 2023. Indeed, those strategies proved popular with investors in 2023, as the Vanguard Total Bond Market ETF (BND) and iShares Core U.S. Aggregate Bond ETF (AGG) were ETFs with the second and third highest net flows, per Morningstar.

Persons: It's, Paul Olmsted, Matthew Bartolini, Olmsted, Morningstar, –, it's, BND, AGG Organizations: Investors, Bloomberg Finance, State Street Global Advisors, Morningstar, SPDR, SPDR Americas Research, Street Global Advisors, State, Treasury Bond ETF, Bloomberg, SGOV, SEC, Treasury, Fed, Vanguard, Bond Market, Core, Aggregate Bond Locations: SPDR Americas, Central

☆ These factors could lift dividend-paying stocks in the first half of 2024, Barclays says
▼ + stars: | 2024-01-04 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

The utilities sector suffered so much in 2023, that it's due for a snapback in the new year, according to Barclays. They also made the stocks' dividend payments less attractive compared to the risk-free yields on Treasurys. But now these stocks are priced to move, according to Barclays analyst Nicholas Campanella. "We still like the stock," Barclays said, pointing to upside to consensus earnings per share as one of the factors behind its call. Duke offers a dividend yield of 4.2%, but 12 out of the 20 analysts following the stock rate it a hold, per LSEG.

Persons: Nicholas Campanella, XLU, Campanella, Evergy, — CNBC's Michael Bloom Organizations: Barclays . Utilities, Barclays, SPDR, Fed, Electric Power, Dominion Energy, E Corporation, Duke Energy, Duke Locations: Kansas, Kansas City

☆ This income-paying asset could be poised to rise in 2024 as interest rates cool
▼ + stars: | 2024-01-02 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

With interest rates expected to come down in 2024, real estate — a sector beloved for its steady income payments — could see upside in the new year. "When rates are low, a lot of income-oriented investors see that REIT dividend as very attractive, and they are willing to take the risks associated with equity investment to have this dividend payment." Jefferies is neutral on the office REIT sector but has raised its rating on Boston Properties to buy from hold. The senior housing occupancy rate was 84.4% in the third quarter of 2023, according to the National Investment Center for Seniors Housing & Care . That's up more than 6 percentage points from the pandemic low of 77.8%, but it's still off from the pre-pandemic occupancy rate of 87.1%.

Persons: REITs, Kevin Brown, Jefferies, Peter Abramowitz, Morningstar's Brown, it's, Brown, JPMorgan's Anthony Paolone, Ventas, — CNBC's Michael Bloom, Chris Hayes Organizations: Federal Reserve, Treasury, Boston Properties, Boston, National Investment Center, Seniors Housing & Care, Realty Locations: U.S, Boston, Friday's

☆ Dividend-paying stocks could rise in 2024. Investors like these plays for the new year
▼ + stars: | 2023-12-28 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Dividend-paying stocks took a backseat to this year's tech-driven market rally, but 2024 could be the year that they come back in vogue. A couple of catalysts could swing the pendulum back in favor of dividend payers in 2024, including the Fed's forecast for three rate cuts in the new year. "Not only do you get the dividend yield and dividend growth, but you get some capital appreciation perhaps – that's where it gets interesting," he added. Special dividend payers Kim Abmeyer, certified financial planner and founder of Abmeyer Wealth Management in Dallas, sees dividend-paying stocks coming into focus for 2024. The energy company in November announced that it raised its regular dividend by 10% and it declared a $1.50 per share special dividend.

Persons: gangbuster, Charlie Gaffney, Eaton Vance, Gaffney, bode, Bernstein, it's, Nelson, Piper Sandler, Paul Newsome, Kim Abmeyer, Abmeyer, Stocks, Roth MKM's Leo Mariani Organizations: Big Tech, Nasdaq, Morgan Stanley Investment Management, Broadcom, VMware, Evercore ISI, Disney, Allstate, Abmeyer Wealth Management, Costco Wholesale, Costco Locations: Dallas

☆ These bonds offering tax-free income will still be a good deal in 2024
▼ + stars: | 2023-12-27 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Municipal bonds, favored for their tax-free income, are looking at a solid year in 2024 and could be a compelling purchase for investors hoping to lock in attractive yields. "We will likely see positive total returns," said Cooper Howard, fixed income strategist at the Schwab Center for Financial Research. "Munis are one of the best things going in the fixed income space," he said. It provides all the attributes of fixed income, and it serves as ballast to an overall diversified portfolio." Naturally, rates are on the minds of fixed income investors and strategists, as well as recession risk.

Persons: Cooper Howard, who've, Peter Higgins, Ben Barber, Schwab's Howard, Paul Malloy, It's, Beth Foos, Malloy, Howard, you've Organizations: Schwab Center, Financial Research, Morningstar U.S, Municipal, Shelton Capital Management, York Life Investments, Franklin, AAA, Vanguard, Bond, Morningstar Locations: New York , New Jersey, California

☆ Bond yields will come down from their fever pitch in 2024. How to prepare your portfolio
▼ + stars: | 2023-12-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Expect to work a little harder for those fixed income returns in the new year. As a result, it may be time to start unwinding those big cash positions and adopt a longer-term mentality for fixed income investments. A runup in bond yields is accompanied by a decline in prices, and the two move inversely to one another. The sector "remains well positioned to maintain its high credit quality, driven by solid state credit quality and strong state financial support, despite soft enrollment trends," analyst Kathleen McNamara wrote last week. Consider dollar cost averaging into those longer-dated positions, incrementally building up exposure to intermediate duration bonds.

Persons: Jerome Powell, it's, Kathy Jones, Shannon Saccocia, Jones, Nicholos Venditti, Kathleen McNamara, Schwab's Jones, Barry McAlinden, Michael Bloom Organizations: Schwab Center, Financial Research, Bond, SEC, Muni Bond ETF, Allspring Global Investments, UBS

☆ November’s rally has set the 60/40 portfolio on track for its best month since 2020
▼ + stars: | 2023-11-30 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Investors who held a balanced portfolio and just let it ride through November are about to be handsomely rewarded: The 60/40 portfolio is cruising to its best month in three years. That's just short of the 7.5% advance in November 2020, when progress on Covid vaccines heralded an economic reopening. AOR YTD line YTD performance for iShares Core Growth Allocation ETF (AOR) First, bond yields cooled substantially in November. Bond yields decline when bond prices rise, so cooling rates have lifted prices for fixed income allocations. A recovery in both asset classes has since lifted the AOR to a total return of 10.8% for 2023, showing that staying the course can pay off.

Persons: That's, Henry Allen, they've, — CNBC's Michael Bloom Organizations: Federal Reserve, Deutsche Bank, Fed, ECB Locations: Wednesday's

☆ Stocks making the biggest moves midday: Foot Locker, General Motors, Phillips 66 and more
▼ + stars: | 2023-11-29 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Late Tuesday, the company reported fourth-quarter earnings of 2 cents per share, topping the FactSet consensus estimate of a loss of 7 cents per share. Foot Locker — The footwear retailer gained 17% after Foot Locker topped analysts' expectations in its third quarter. The company also issued third-quarter earnings guidance and a full-year forecast that came ahead of what the Street anticipated. Workday — The enterprise cloud stock popped 12% after Workday reported third-quarter results that exceeded expectations. Phillips 66 — Phillips 66 gained 3.6% after Elliott Investment Management on Wednesday said it took a $1 billion stake in the company.

Persons: Locker, CrowdStrike, General Motors, Vestis, Phillips, — Phillips, CNBC's David Faber, Jabil, Hormel, LSEG, —, Alex Harring, Darla Mercado Organizations: Rover, Blackstone, Fluence Energy, Revenue, LSEG, General, GM, United Auto Workers, Hewlett Packard Enterprise, Elliott Investment Management, Petco, Wellness, Hormel

☆ How giving away some winning stocks can help cut taxes and balance your portfolio
▼ + stars: | 2023-11-29 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

But rather than just selling out of those stocks to help dilute those holdings, consider donating a few shares to charity. But giving some away duts the size of the position in a portfolio and skirts capital gains taxes. Those stocks are up more than 200% and 62%, respectively, this year, and are good candidates for some charitable giving, she said. Investors are encouraged to get to know the charitable giving deduction. Investors can also simplify their charitable giving by making direct gifts of appreciated assets to a donor-advised fund.

Persons: you've, Barry Glassman, Glassman, Brenna McLoughlin, Eli Lilly, McLoughlin, you'd, Cash, Tim Steffen, Steffen Organizations: Nasdaq, Nvidia, Tesla, Wealth Services, Wealthstream Advisors, Meta, Apple, Microsoft, Investors, Baird Locations: North Bethesda , Maryland, New York, Milwaukee

☆ Stocks making the biggest moves after hours: NetApp, Workday, Leslie's, Las Vegas Sands and more
▼ + stars: | 2023-11-28 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Workday notched adjusted earnings of $1.53 per share on $1.87 billion in revenue, while analysts surveyed by LSEG, formerly known as Refinitiv, expected $1.41 in earnings per share and $1.85 billion in revenue. Leslie's is calling for an adjusted loss of 21 cents to 20 cents per share, compared to analysts' expectations for a loss of 16 cents per share, according to FactSet. Fourth-quarter adjusted earnings were also below expectations. Las Vegas Sands — The casino operator slipped 3.5% after it announced that Miriam Adelson would sell $2 billion in shares. Daily Journal — Shares of the Daily Journal are expected to be active.

Persons: NetApp, FactSet, Jabil, Miriam Adelson, Adelson, Charlie Munger, Berkshire Hathaway, — CNBC's Contessa Brewer, Darla Mercado Organizations: Wall, LSEG, Vegas Sands, Las Vegas Sands, Daily, Daily Journal, Berkshire Locations: Pleasanton , California, Vegas, Las Vegas

☆ Watch CNBC's lookback at Charlie Munger's life and relationship with Warren Buffett
▼ + stars: | 2023-11-28 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: 1 min

Charlie Munger wasn't just the vice chairman of Berkshire Hathaway : His partnership with billionaire Warren Buffett made him half of an iconic duo in the investing world. Watch the special lookback at Munger's life by CNBC's Becky Quick above. "I would say that every time I'm with Charlie, I've got at least some new slant on an idea that causes me to rethink certain things," Buffett once told Quick in an interview. "And we've had absolutely… so much fun with the partnership over the years." See CNBC's full obituary of Charlie Munger here.

Persons: Charlie Munger wasn't, Berkshire Hathaway, Warren Buffett, CNBC's Becky Quick, Charlie, I've, Buffett, we've, Munger, Charlie Munger Organizations: Berkshire

☆ Stocks making the biggest moves midday: Foot Locker, Okta, Carnival, Shopify and more
▼ + stars: | 2023-11-27 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Carnival — Shares added 1% after being upgraded to buy from hold by Melius Research . Crown Castle — The telecommunications stock jumped nearly 4% following an activist push for change at Crown Castle. Shares of Crown Castle are down 20% this year. Okta — Shares of the software company dropped 3% Monday after JMP Securities downgraded Okta to market perform. Teva Pharmaceuticals — U.S.-traded shares jumped 3% after an upgrade from UBS to buy from neutral.

Persons: Locker, Josh Weinstein, Melius, Okta, JMP, Albemarle —, Etsy, TD Cowen, —, Alex Harring, Hakyung Kim, Sarah Min, Michelle Fox, Jesse Pound, Darla Mercado Organizations: Citi, Melius Research, Crown, Elliott Investment Management, Sunday, JMP Securities, Albemarle, Battery Tech, U.S, Teva Pharmaceuticals —, UBS, Xenon Pharmaceuticals, —, Adobe Analytics Locations: Crown, Albemarle

☆ Rates may have hit their peak. How to get the biggest bang out of cash heading into 2024
▼ + stars: | 2023-11-27 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

"It's important to keep sharing this idea to do something with your cash; these rates won't be here forever." Municipal money market funds Rather than tying up money in CDs or T-bills, Sachs prefers municipal money market funds for investors in the highest income tax brackets. Vanguard's Municipal Money Market Fund (VMSXX) has a 7-day SEC yield of 3.53% and carries an expense ratio of 0.15%. Residents in high-tax locales may also want to consider state-specific muni market funds, which have the additional benefit of providing income that's free of state taxes. For instance, there's the Vanguard California Municipal Money Market Fund (VCTXX) and the Fidelity New York Municipal Money Market Fund (FSNXX) .

Persons: –, Catherine Valega, Sallie Mae, Jeremy Keil, Keil, There's, Charles Sachs, Kaufman, Sachs, Michael Bloom Organizations: Federal, Green Bee, Synchrony, Financial, Keil Financial Partners, Federal Deposit Insurance Corp, FDIC, ., CFP, Money Market Fund, SEC, Residents, Vanguard, Fidelity New York Municipal Money Market Fund Locations: Winchester , Massachusetts, New Berlin , Wisconsin, Miami, Vanguard California

☆ Turn to this high-quality income play for the new year, Wells Fargo Investment Institute says
▼ + stars: | 2023-11-23 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Investors who hope to generate portfolio income while recession fears ramp higher can seek some safety in municipal bonds. Wells Fargo Investment Institute recently issued its fixed income guidance for 2024, forecasting "higher for longer" rates across the yield curve as the Federal Reserve remains vigilant to bring down inflation. Municipal bonds offer a combination of characteristics that appeal to investors: General obligation bonds are backed by the revenue of the municipality issuing them. "Going into a slowdown, you anticipate rates to fall," said Brian Rehling, head of global fixed income strategy at Wells Fargo Investment Institute. The top marginal income tax rate is 13.3% in California and well over 10% in New York and New Jersey.

Persons: Brian Rehling, Jennifer Johnston, Franklin Templeton, Johnston Organizations: Wells, Wells Fargo Investment Institute, Federal Reserve, Fargo Investment Institute, AAA, Muni Bond ETF, Vanguard, Bond, Fed, New York Life Investments, Investors, York State, Metropolitan Transportation Authority Locations: Wells Fargo, Fargo, New, California, New York, New Jersey, York

☆ Stocks making the biggest moves midday: Deere, Nvidia, Autodesk, Nordstrom and more
▼ + stars: | 2023-11-22 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Deere , Caterpillar — Deere shares dropped nearly 4% after the agricultural equipment maker issued disappointing guidance for fiscal 2024. Deere said it expects net income between $7.75 billion and $8.25 billion, short of the $9.31 billion expected from analysts polled by StreetAccount. Autodesk — Autodesk fell more than 5% a day after the software company issued lower-than-expected fiscal fourth-quarter earnings guidance. The company now expects earnings per share of between $1.91 and $1.97, below estimates of $2.01 per share, according to LSEG. Nvidia posted adjusted earnings of $4.02 per share on $18.12 billion in revenue, while analysts polled by LSEG expected earnings of $3.37 per share and $16.18 billion in revenue.

Persons: Deere, StreetAccount, Piper Sandler, LSEG, — CNBC's Michelle Fox, Alex Harring, Jesse Pound, Darla Mercado Organizations: JPMorgan, Capybara, Deere, Caterpillar — Deere, Caterpillar, Nordstrom, LSEG, HP —, HP, Autodesk — Autodesk, Autodesk, Nvidia —, Nvidia, Airlines, West Texas Intermediate, American Airlines and United Airlines, Norwegian Cruise Line Locations: LSEG, China

☆ These bond funds are among the top performers in 2023 – Here’s what investors should do next
▼ + stars: | 2023-11-21 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Risk-taking investors also fared well in high-yield bonds, as the fund category generated a 2023 total return of 6.98% through Friday. Big performers in that category include the Pacific Income Advisors High Yield (MACS) Fund (PIAMX) for investors with managed accounts. The BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) was also among the strongest performers in the fund category. See below for a list of top performing high yield bond funds, according to Morningstar Direct. "I think these historically high yields have offered attractive entry points for high quality," said Murphy.

Persons: It's, Morningstar, it's, Thomas Murphy, Rowe, Murphy Organizations: Treasury, U.S, Morningstar, Morningstar . Bank, SEC, Pacific Income, PIAMX, Morningstar Direct Locations: U.S

Investors like dividend stocks for their yields, but the equities' returns have been pretty dismal so far this year. "That's what is putting pressure on these [dividend] stocks, or maybe just keeping them from lifting." IPDP YTD line Dividend Performers ETF (IPDP) performance year to date When it comes to specific stocks, Gilreath likes two under-the-radar plays: Brady Corporation and ABM Industries . Brady, which manufacturers identification and health-care products, has a 1.7% dividend yield. Diversification in light of recession risk When it comes to dividends, investors should look for quality rather than quantity.

Persons: That's, Bond, Andrew Graham, Dave Sheaff Gilreath, Gilreath, Morningstar . Brady, Capital's Graham, Graham, Dow, Laura Mattia, Morningstar, George Gagliardi, You'd, I'm Organizations: Investment, Jackson, Capital, Federal Reserve, Brady Corporation, ABM Industries, Dow Inc, Dow, LyondellBasell, Shell, Coromandel Wealth Management, U.S Locations: San Francisco, Indianapolis, Sarasota , Florida, Lexington , Massachusetts

☆ Jim Chanos, the short seller who called Enron's fall, is converting hedge fund to a family office
▼ + stars: | 2023-11-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

Renown short seller Jim Chanos will be converting his hedge fund Chanos & Co., to a family office and advisory business, CNBC has learned. Chanos is moving to the family office model as the stock market has rallied in 2023. As recently as January of this year, he also had short bets on Tesla, pointing to rising competition in the electric vehicle market. You have [Chinese automaker] BYD and others just taking massive market share," Chanos said. Still, Tesla shares have rallied 90% this year as investors crowded into the so-called Magnificent 7 tech stocks.

Persons: Jim Chanos, Chanos, CNBC's Scott Wapner, Tesla Organizations: Renown, CNBC, Enron, Chanos, Wall Street Locations: China, U.S

☆ UBS likes these income plays as Treasury yields come down from recent highs
▼ + stars: | 2023-11-16 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Treasury yields have retreated, and that's good news for one kind of income asset – preferred securities, according to UBS. US10Y YTD line U.S. 10-year Treasury yield in 2023 This month has offered some relief as the 10-year Treasury yield slipped back below 4.5%. "Indeed, a dramatic rate pullback in the early days of November has already sparked a sharp rebound in preferreds," Sileo said. "Callable in July 2028, this fixed-for-life perpetual pays a high 7.375% fixed coupon and offers an attractive [yield to call/current yield]." Investors can receive an attractive yield on a high-quality crossover credit, recently upgraded by S & P following the acquisition by Brookfield [Infrastructure]."

Persons: preferreds, Frank Sileo, US10Y, Sileo, Callable, Michael Bloom Organizations: UBS, Americas, Treasury, Moody's Investors Service, Allstate, Triton International, Triton, Brookfield Locations: preferreds, Infrastructure

☆ Cut your tax bill and revamp income-generating investments with this move
▼ + stars: | 2023-11-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Tax loss harvesting is a staple of year-end planning. Bonds are ripe for tax loss harvesting in the wake of the Federal Reserve's rate-hiking cycle. Consider that the longer-dated iShares 20+ Year Treasury Bond ETF (TLT) has a year-to-date total return of about -7.3%, while the shorter-term iShares Core US Aggregate Bond ETF (AGG) has a total return of roughly 0.7% in 2023, according to Morningstar. "Tax loss harvesting is a silver lining for some of the pain they've been feeling the last couple of years." Bonds and the wash sale rule To benefit from tax loss harvesting, investors must avoid violating the wash sale rule .

Persons: Bonds, Morningstar, Kristy Akullian, Jeffrey Levine, St . Louis, Levine, Jordan Naffa, Naffa, VGSH, Lisa, Kirchenbauer Organizations: Treasury Bond ETF, Bond, BlackRock, Internal, Strategic Wealth, Arista Wealth Management, Treasury, SEC, VGIT, Omega Wealth Management Locations: St ., Las Vegas, Arlington , Va

☆ Stocks making the biggest moves midday: Home Depot, Fisker, SolarEdge and more
▼ + stars: | 2023-11-14 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Azenta — The life science stock jumped 13% on Tuesday, a day after the company delivered its fiscal fourth-quarter report. Home Depot — Shares of the home improvement retailer jumped 6% after the company posted third-quarter earnings and revenue that beat expectations. Enphase Energy , Solar Edge , First Solar – The solar power stocks surged on Tuesday, with Enphase adding nearly 14%. Solar companies and tech stocks are sensitive to interest rates, and fare well when bond yields decline. Adobe — The software stock climbed nearly 2% in midday trading.

Persons: FactSet, Matthew Shattock, Fisker, — CNBC's Pia Singh, Alex Harring, Michelle Fox, John Rosevear, Darla Mercado Organizations: Enphase, Solar, V.F, Corp, Amazon Web Services, Therapeutics, Federal, Deutsche Bank, EV, Adobe

The White House is seen at dusk on September 30, 2023 in Washington, DC. Moody's Investors Service on Friday lowered its ratings outlook on the United States' government to negative from stable, pointing to rising risks to the nation's fiscal strength. The ratings agency has affirmed the long-term issuer and senior unsecured ratings of the U.S. at Aaa. Moody's move to cut its outlook arrives as Congress faces the looming threat of a government shutdown once more. "Moody's decision to change the U.S. outlook is yet another consequence of Congressional Republican extremism and dysfunction," White House press secretary Karine Jean-Pierre said in a statement.

Persons: Moody's, Wally Adeyemo, Mike Johnson, Karine Jean, Pierre, Fitch Organizations: Moody's, Aaa, United States, Republican, White, Democratic, AAA Locations: Washington ,, United States, Washington, United, American, Jan, U.S

☆ These losing stocks could surge as the year winds down, Bank of America says
▼ + stars: | 2023-11-10 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

One investor's portfolio loser could be another's winning stock as 2023 draws to a close, according to Bank of America. Buy rated and cheap Bank of America screened for buy-rated stocks that fell at least 10% in 2023 through the end of October that were also overweight by long-only funds as of September. However, Bank of America still rates both names as buys – and others on Wall Street spot potential. Retailer Target is another name that made the cut, garnering a buy rating from Bank of America. Other stocks in Bank of America's list include agriculture play Mosaic , life insurer MetLife , defense giant Northrop Grumman , as well as gas and electric utility CenterPoint Energy .

Persons: Savita Subramanian, Dexcom, Insulet, –, Piper Sandler's Matt O'Brien, — CNBC's Michael Bloom Organizations: Bank of America, Internal Revenue, Bank of, Target, MetLife, Northrop, CenterPoint Energy Locations: Bank of America, Bank

☆ Closed-end funds can generate income – and they’re cheap. Here’s how they might fit in your portfolio
▼ + stars: | 2023-11-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Closed-end funds offer a fixed number of shares, but they also trade publicly on exchanges. Right now, a confluence of events is resulting in some sharp discounts for closed-end funds, especially for those that hold bonds. Investors in closed-end funds have shed some of those holdings and that's resulting in sharper discounts to net asset value. Closed-end fund plays Financial advisors have called out closed-end funds holding municipal bonds as a way to add duration on the cheap. Closed-end funds offer other ways to pick up income: Paul Winter, CFP and portfolio manager at Five Seasons Financial Planning, likes funds that use buy-write strategies.

Persons: Dave Lamb, Lamb, Jeffrey Gundlach, Robert Finley, Paul Winter, BOE, Nuveen's Lamb Organizations: Treasury, Western Asset, Muni Fund, Asset Management, Five, Virtus, Strategy, BlackRock Locations: New York, York

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