The Rally Stays Unstoppable

Earn While You Learn! ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!]( Hello investor, The Rally Stays Unstoppable Guess what? Stocks just delivered their best week in 2024. The S&P 500 just hit its 50th record high this year. Since Donald Trump’s victory, about $20 billion has flowed into U.S. equity funds, according to Bank of America. But it could only be the beginning. Lots of investors have cash in money market funds and bonds that could be deployed into stocks. - “…there is still plenty of money sitting on the sidelines in money market funds and in bonds,” said Clark Geranen, CalBay Investments.” Clark Geranen at CalBay Investments (Photo: CalBay Investments) At the same time, Venu Krishna at Barclays warned that major indexes are hovering in the overbought territory, so there might be a pullback down the road. “Whether these moves are sustainable remains to be seen; momentum is extending lofty gains as ‘winners keep winning’, and the sharp post-Election Day moves have pushed major gauges near (or into, in the case of [Russell 2000]) technically overbought territory,” said Barclays strategist Venu Krishna. And of course, there are inflation risks. Investors view Trump’s administration as more favorable to economic growth through deregulation, more M&A activities, and tax cuts. However, it could reignite inflation. As a result, inflation is coming back into focus. The economy is heating up. Investors are watching carefully whether it leads to higher inflation and may affect the Federal Reserve’s rate decisions. The Fed, of course, just cut interest rates by 25 basis points last Thursday. All in all, the “wall of worry” is still here. The stock market keeps rallying, and investors don’t want to miss the ride. But they also wonder if there will be a “black swan” that will squash the rally. Until then, stocks look poised to keep going. - “When everything seems like it’s all working well, it’s like, ‘what’s going to hit us?’” Keith Lerner, co-chief investment officer at Truist Wealth. - “There’s probably something from left field. Sentiment’s getting a little bit stretched, maybe some choppiness after this round number. But all in all, we still think you want to stick with that primary uptrend,” he continued. Keith Lerner, co-chief investment officer at Truist Wealth (Photo: Yahoo Finance) The “McDonald’s of Wealth Advisers” Pays Out Fat Dividends Today’s Pick: Artisan Partners Asset Management Inc. (APAM) First things first: Artisan Partners pays a fantastic dividend yield of 6.84%. - Let’s take the worst case scenario. Their lowest quarterly dividend declared was $0.43 back in 2013. That’s still a 3.58% yield. So, you can be confident that you’ll get a generous yield in good and bad years. The past decade has been good to Artisan Partners. In addition to quarterly dividends, the company has also issued special dividends frequently to reward shareholders. (Source: Artisan Partners) A franchise business: Artisan Partners built a business by franchising wealth advisors. Everyone involved benefits nicely. The advisors get a larger pool of capital and clients. APAM gets a portion of the fees. And there’s never been a better era for a wealth management firm in pretty much any configuration. - The firm achieved an AUM CAGR of 15% over the past 12 years. They now manage over $160 billion while continuing to see organic inflows. The recent quarter increased its AUM by 23%. (Source: Artisan Partners) Revenues have increased accordingly versus the same quarter a year ago. The firm’s revenue grew 12% year over year as institutions and wealthy individuals look for ways to put their money to work. (Source: Artisan Partners) This stock is currently priced as a good value with its P/E being traded at 13. Bottom Line: If you like dividends, Artisan Partners Asset Management (APAM) provides fantastic dividends. Even their worst-ever dividend would be a 3.29% yield at their current share price. Their current dividend yield of 5.89% (not including special dividends they’ve paid every year) is far better than most fundamentally sound stocks paying them. [EARN WHILE YOU LEARN! 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