4 Technology REITs to Own During the Pandemic
It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.
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| |  Good morning. There are so many reasons to want to throw shade on the rally in the market. Economic data, a pandemic, riots and looting, companies selling significant shares of their own stock and on down the line. If you add all of them up, do you come up with $3 trillion. That's the amount the Fed's balance sheet has expanded since last September.
Now here's the rest of the news: | | | | | |
| | |  | DOW 25,475.02 | +91.91% | | | | S&P 3,055.73 | +11.42% | | | | NASDAQ 9,552.05 | +62.18% | | | | | *As of market close | | | • | Stocks rose yesterday, as REITs, energy, utilities and financials led with over 1% gains. | | | • | Oil rose 0.20%, as possible output cuts continue to support prices. | | | • | Gold fell 0.05%, as silver rises 1.74% on the session. | | | • | Cryptocurrencies traded higher, with Bitcoin finishing 3.12% higher closing at $9765. | | | | | |
| | | 4 Technology REITs to Own During the Pandemic | | | | Last week saw a resurgence in interest rate sensitive stocks as utilities and REITs began to bounce back and staged a breakout from their down-sloping channels. As the market continues to grind, the desire for investors to find value and income may begin to take hold. Real estate investment trusts (REITs) provide such an opportunity. However, the type of REIT being considered is important. One area to consider are REITs that are in "essential" areas of the economy.
» FULL STORY | | | | |
| | Option Bulls Look to Pick up this Ag Stock at a Discount | | | | On Monday, the options market began to take a closer look at Mosaic Co (NYSE: MOS). The price is still near down over 40% year-to-date and has been channeling sideways for two months. There's huge upside if the bullish interest returns but it may decide to test the March low again. The near-term risk is that the price retests the lows before heading higher. The option market seems to be seeing this as a likely scenario as 7,750 puts were sold in one print.
» FULL STORY | | | | |
| | Buffett Increases His Stake as 10% Owner in this Mobile and Satellite Broadcaster | | | | Since May 26, 2020 insiders of Liberty SiriusXM Group (LSXMK) purchased over 8.78 million shares at a value of nearly $303 million. Half the shares were acquired by Berkshire and the other half by Ted Weschler. Weschler is a portfolio manager at Berkshire and is rumored to be the future co-CIO of the company. This makes Warren Buffet the largest the largest holder of LSXMK.
» FULL STORY | | | | |
| | | | TOP | | | COTY | 20.937% | | | | ZM | 13.745% | | | | TRIP | 13.33% | | | | GPS | 11.124% | | | | NCLH | 10.409% | |
| | BOTTOM | | | PFE | 7.149% | | | | NLOK | 4.697% | | | | NTAP | 4.199% | |
| | JBHT | 3.434% | | | | GILD | 3.431% | | | | |
| | |  | | There are a whole host of companies that have been hugely impacted by COVID-19 and have had to recapitalize…Issuers that have seen their stock prices recover are now also taking the perspective that they don't want to miss this window in case this rebound is short-lived. | | - Santosh Sreenivasan, head of equity-linked capital markets at JPMorgan Chase & Co, quoted by Reuters | |
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