Week 35 - $581.52
Stocks continued their upward climb for most of the week until a major selloff on Thursday wiped out much of the gains made in the past few weeks.
Total Report (Since October 11th, 2019)
Positive Performing Sectors
1. Materials (+3.35%)
2. Healthcare (+2.79%)
3. Consumer Staples (+0.25%)
Negative Performing Sectors
4. Industrials (-1.26%)
5. Information Technology (-1.77%)
6. Consumer Discretionary (-2.20%)
7. Financials (-7.68%)
8. Real Estate (-11.49%)
9. Energy (-11.67%)
10. Utilities (-13.05%)
11. Communication Services (-14.77%)
1. Materials (+3.35%)
2. Healthcare (+2.79%)
3. Consumer Staples (+0.25%)
Negative Performing Sectors
4. Industrials (-1.26%)
5. Information Technology (-1.77%)
6. Consumer Discretionary (-2.20%)
7. Financials (-7.68%)
8. Real Estate (-11.49%)
9. Energy (-11.67%)
10. Utilities (-13.05%)
11. Communication Services (-14.77%)
Weekly Report (June 12th, 2020)
Positive Performing Sectors
None
Negative Performing Sectors
1. Utilities (-1.91%)
2. Consumer Staples (-3.74%)
3. Healthcare (-4.30%)
4. Real Estate (-5.44%)
5. Communication Services (-6.85%)
6. Consumer Discretionary (-6.90%)
7. Information Technology (-6.98%)
8. Financials (-7.73%)
9. Industrials (-8.12%)
10. Materials (-8.47%)
11. Energy (-9.65%)
None
Negative Performing Sectors
1. Utilities (-1.91%)
2. Consumer Staples (-3.74%)
3. Healthcare (-4.30%)
4. Real Estate (-5.44%)
5. Communication Services (-6.85%)
6. Consumer Discretionary (-6.90%)
7. Information Technology (-6.98%)
8. Financials (-7.73%)
9. Industrials (-8.12%)
10. Materials (-8.47%)
11. Energy (-9.65%)
GICS Sector Performance Ratio - Balanced: From 11:0 (100.00%) to 0:11 (0.00%)
Review
After a three-week long streak, stocks finally tumbled in one of the deepest selloffs since the bear market began in late February. Sparked by concerning news from the Federal Reserve on a prolonged recession, even with aggressive monetary and fiscal policy and the slow reopening of U.S. businesses, many sectors' stock values plummeted down to nearly double digits this week. This kind of selloff was expected at some point, as the economy has yet to recover but stock prices assumed levels similar to that of the pre-COVID-19 crisis before any major shutdowns occurred.
Despite all this, the Dividend Aristocrats continue to stand strong even against insurmountable financial odds. Many still continue to maintain their dividends throughout the crisis, and although some have opted to suspend their dividends as in the case of Lowe's (LOW) a few weeks ago, it is likely that many will continue to operate as usual particularly with the ease of cash flow in the system. As the portfolio continues to expand its stock positions among the various companies, dividends will continue to flow through at faster rates than the current stock valuations for the moment.
Despite all this, the Dividend Aristocrats continue to stand strong even against insurmountable financial odds. Many still continue to maintain their dividends throughout the crisis, and although some have opted to suspend their dividends as in the case of Lowe's (LOW) a few weeks ago, it is likely that many will continue to operate as usual particularly with the ease of cash flow in the system. As the portfolio continues to expand its stock positions among the various companies, dividends will continue to flow through at faster rates than the current stock valuations for the moment.
Last Week's Update (June 5th, 2020)
M1 Finance Platform Referral Link: https://m1.finance/UIl_N9XNA_CO
M1 Finance Dividend Aristocrats 2020 Pie: https://m1.finance/quB1JH2k6
M1 Finance Platform Referral Link: https://m1.finance/UIl_N9XNA_CO
M1 Finance Dividend Aristocrats 2020 Pie: https://m1.finance/quB1JH2k6
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