There’s a joke going around that the S&P 500 isn’t the S&P 500 anymore. It’s now the “S&P 5.”
(Well, last Thursday, the five got punched in the face. With no meaningful dividends to cushion the fall, it was all “red on the screen.”)
I’m talking about the five mostly dividend-less stocks that have been driving the rebound since March—tech darlings and low/no yield wonders Apple (AAPL), Microsoft (MSFT), Amazon.com (AMZN), Alphabet (GOOGL) and Facebook (FB).
Rebound Leaves Dividend Investors Behind
If you’re not holding these big names, or if you only have a small position, well, the joke’s been on you (with the exception of last Thursday, of course!).… Read more