Rising rates are shaking the market to its core as bond yields held at their highest level in seven years, but an unexpected group of winners is emerging.
Bond proxies, often victim to rising rates, have held up surprisingly well. Sectors like consumer staples, utilities and real estate have been outperforming the broader market. And the biggest blue chip high-dividend stocks like Verizon, IBM, Exxon Mobil and Procter & Gamble are all in the green over the past three months.
One of those names looks primed for a breakout, said JC O'Hara, chief market technician at MKM Partners.
"One of our favorite charts is the chart of Verizon," O'Hara said Tuesday on CNBC's "Trading Nation." "If we look at the recent price performance, we saw a bearish-to-bullish reversal here and to us that shows us that the bulls are back engaged in the stock."
Hot Blue Chip Stocks To Own Right Now: MainStay DefinedTerm Municipal Opportunities Fund(MMD)
Advisors' Opinion:- [By Ethan Ryder]
Stifel Financial Corp raised its holdings in shares of Mainstay Definedterm Municipal Opptys Fd (NYSE:MMD) by 134.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,234 shares of the closed-end fund’s stock after acquiring an additional 20,765 shares during the period. Stifel Financial Corp’s holdings in Mainstay Definedterm Municipal Opptys Fd were worth $682,000 at the end of the most recent quarter.
Hot Blue Chip Stocks To Own Right Now: Chatham Lodging Trust (REIT)(CLDT)
Advisors' Opinion:- [By Joseph Griffin]
ValuEngine upgraded shares of Chatham Lodging Trust (NYSE:CLDT) from a sell rating to a hold rating in a research note released on Tuesday.
Several other research firms have also recently weighed in on CLDT. Zacks Investment Research cut Chatham Lodging Trust from a hold rating to a sell rating in a research report on Friday, August 3rd. B. Riley increased their price objective on Chatham Lodging Trust from $20.00 to $21.00 and gave the stock a neutral rating in a research report on Thursday, August 2nd. TheStreet upgraded Chatham Lodging Trust from a c+ rating to a b- rating in a research report on Thursday, July 12th. Finally, Stifel Nicolaus reiterated a hold rating and set a $20.00 price objective on shares of Chatham Lodging Trust in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $21.20.
- [By Shane Hupp]
Get a free copy of the Zacks research report on Chatham Lodging Trust (CLDT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
TheStreet cut shares of Chatham Lodging Trust (NYSE:CLDT) from a b rating to a c+ rating in a research report report published on Thursday morning.
- [By Shane Hupp]
Chatham Lodging (NYSE:CLDT) announced a monthly dividend on Thursday, May 10th, Zacks reports. Shareholders of record on Thursday, May 31st will be paid a dividend of 0.11 per share by the real estate investment trust on Friday, June 29th. This represents a $1.32 annualized dividend and a yield of 6.38%. The ex-dividend date of this dividend is Wednesday, May 30th.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Chatham Lodging Trust (CLDT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Hot Blue Chip Stocks To Own Right Now: United Natural Foods, Inc.(UNFI)
Advisors' Opinion:- [By Chris Hill]
Hill: [laughs] United Natural Foods (NASDAQ:UNFI) is the largest supplier to Whole Foods. Fourth quarter results came in lower than expected and shares of United Natural Foods down more than 12% on Friday, Jason.
- [By Joseph Griffin]
United Natural Foods (NASDAQ:UNFI) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.18-3.23 for the period, compared to the Thomson Reuters consensus estimate of $3.10. The company issued revenue guidance of $10.2-10.3 billion, compared to the consensus revenue estimate of $10.10 billion.
- [By Steve Symington]
As for individual stocks, fresh earnings news left shares of Five Below (NASDAQ:FIVE) and United Natural Foods (NASDAQ:UNFI) moving in opposite directions.
- [By Max Byerly]
United Natural Foods Inc (NASDAQ:UNFI)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $27.68 and last traded at $27.61, with a volume of 40599 shares. The stock had previously closed at $28.44.
- [By Steve Symington]
Shares of SUPERVALU Inc. (NYSE:SVU) soared 57.5% in the month of July, according to data from S&P Global Market Intelligence, after the supermarket chain agreed to be acquired by United Natural Foods (NASDAQ:UNFI).
Hot Blue Chip Stocks To Own Right Now: Digital Ally Inc.(DGLY)
Advisors' Opinion:- [By Max Byerly]
Digital Ally (NASDAQ:DGLY) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.
- [By Max Byerly]
Press coverage about Digital Ally (NASDAQ:DGLY) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Digital Ally earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned news coverage about the scientific and technical instruments company an impact score of 45.1932077082068 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
- [By Logan Wallace]
Digital Ally (NASDAQ:DGLY)‘s stock had its “buy” rating reiterated by equities research analysts at Westpark Capital in a research note issued on Wednesday. They currently have a $5.00 target price on the scientific and technical instruments company’s stock. Westpark Capital’s price objective indicates a potential upside of 17.65% from the company’s current price.
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