AVA - John's May 2024 Retirement Income Update: Adding Avista On The Pullback

2024-07-06 09:00:00 ET

Summary

• Avista stock price jumped from under $36/share to over $38/share in 10 days after the recent earnings report.
• Avista underperformed the Utilities Select Sector SPDR ETF but offers a higher dividend yield of 5.61% compared to XLU's 3.19%.
• The common theme in the John and Jane series is rotating capital when it makes sense to do so.
• Portfolio adjustments are made to improve the quality of investments by finding undervalued opportunities that pay dividends and offer upside potential.
• Traditional IRA and Roth IRA income has increased by 12.2% and 10.3% per year since inception back in 2018.

Avista ( AVA ) recently reported earnings on May 1 where the stock price jumped from under $36/share to over $38/share over the course of 10 days. At the end of January I wrote the article My Top Four Utility Picks For 2024 where I selected Avista as one of the top four utility picks on my radar. If we look at how Avista performed during this timeframe we can see that it very closely aligned with The Utilities Select Sector SPDR ETF ( XLU ) but still underperformed this diversified ETF from a price perspective.

Since May 9, we can also see that AVA's underperformance of XLU has become even more pronounced....

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