Dividend investing at a time when the S&P 500 index is yielding a scant 1.2% is not easy. 1. What does the Vanguard High Dividend Yield ETF do? One of the main reasons to buy an ETF is for the instant portfolio diversification.
The benchmark S&P 500 is up more than 23% for 2024, even after a major stumble this week, and Wall Street has historically often enjoyed a strong annual close. Since 1969, the last five trading days of the year combined with the first two of the following year have yielded an average S&P 500 gain of 1.3%, a period known as the "Santa Claus Rally," according to the Stock Trader's Almanac. But this year, there are signs Santa Claus may disappoint.
(Reuters) -FedEx's decision to spin off its freight truckload segment will strengthen the business while allowing the parcel delivery giant to better tackle challenges in its core operations, analysts said on Friday. FedEx Freight, the largest U.S. provider of less-than-truckload (LTL) services, could be valued between $30 billion and $35 billion, as per an estimate from Citi. Analysts have long argued that Freight was undervalued within FedEx, which has been slashing expenses and consolidating its express and ground operations in recent quarters.
EPD is set to generate additional fee-based earnings with $6.9 billion worth of major capital projects either currently in service or under construction.
Novo Nordisk (NVO) is falling by over 20% in Friday's pre-market trading after its experimental weight-loss shot CagriSema was found to help recipients lose less weight than previously forecasted in its clinical trial. Yahoo Finance senior health reporter Anjalee Khemlani expands upon this story and compares Novo Nordisk's stock performance with that of GLP-1 drug competitor Eli Lilly (LLY). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
FedEx saw fiscal second-quarter earnings come in slightly above analyst expectations Thursday as the company also announced plans to spin off its freight business into a separate public company with the delivery heavyweight in cost-cutting mode. The company reported Thursday intentions to separate FedEx Freight, creating two publicly traded companies in about 18 months. Meanwhile, FedEx announced Q2 EPS jumped 1.5% to $4.05 while sales totaled $22 billion, declining around 1% compared to a year ago.