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Zoom recently reported its earnings. On the surface, they look great. However, if you go into the details, the outlook is very gloomy. ZM is set to increase its revenues by only 6.8% next year and experience a 25% decline in non-GAAP EPS. With a forward P/E ratio of 150 times,...
2 out of 23 CEF sectors positive on price and 2 out of 23 sectors positive on NAV last week. MLPs lead, while Asia equity lags. Some Nuveen funds increase distributions due to adoption of a level distribution policy. For further details see: Weekly Closed-End Fund Roundu...
The US government is making moves to super-charge this recovery. Many high-yield sectors, primed to benefit from the recovery, still trade at very attractive valuations. Investing in widespread floating-rate debt instruments can pay off in massive returns. For further detail...
For the fourth month in a row, equity CEFs on average posted positive returns, rising 2.42% on an NAV basis for February. While for the first month in 11, fixed income CEFs witnessed losses (-0.52%). Nineteen percent of all CEFs traded at a premium to their NAV, with 18% of equity...
The Income Factory® philosophy has gained wide acceptance here on Seeking Alpha and elsewhere, but there was lots of resistance when I first introduced the concept about a decade ago. The idea that "income drives wealth" is one that goes back centuries in economics and literature...
Twenty-two out of 23 CEF sectors positive on price and 21 out of 23 sectors positive on NAV last week. MLPs lead while commodities lag. Limited duration is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: February 7, 2021
CLOs and Senior Secured Loan provide a great way to bank on a rebounding economy. We are highlighting XFLT, a compelling way to get solid income. This is a monthly-pay CEF with a 10.2% yield. Great outlook and high insider ownership. Buy for the income, enjoy the NAV run. ...
Many investors are suspicious of closed-end funds' apparently magical ability to buy assets whose "natural" yield is, for example, 6%, and pay distributions of, say, 9%. Is there some sort of alchemy at work here? Often when things seem "too good to be true," they are too good to be t...
For the third month in a row, equity CEFs on average posted positive returns, rising 0.84% on a NAV basis for January. While for the tenth month running, fixed income CEFs witnessed returns in the black (+1.13%). Eighteen percent of all CEFs traded at a premium to their NAV, with ...
Forgive my cheeky title, which applies to the author as much as to many readers. We're all on a learning curve here with more exotic asset classes like CLOs. Collateralized Loan Obligations (CLOs) can seem pretty complex, but stripped down to their essentials they are "virtual banks"....
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XAI Octagon Floating Rate & Alternative Income Term Trust of Beneficial Interest Company Name:
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CHICAGO, July 18, 2024 (GLOBE NEWSWIRE) -- XA Investments (XAI), an alternative investment management and consulting firm, announced the pending transaction, by which XAI will become investment adviser to the Madison Covered Call & Equity Strategy Fund (NYSE: MCN), a $146 million listed close...
2024-06-25 17:58:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-15 19:00:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...