Hello again, Fools. I’m back to call your attention to three large cap stocks for your watch list — or, as I like to call them, my top “forever assets.” As a refresher, I do this because companies with a market cap of more than $10 billion: can keep your portfolio stable during periods of high volatility; and provide steady and healthy dividends year after year.
So if you’re retired (or nearing retirement) and are nervous about income, living off large-cap dividends can help ease your stress.
Let’s get to it.
Kicking things off is none other than banking gorilla Bank of Montreal (TSX:BMO)(NYSE:BMO), which currently sports a market cap of $64 billion.
BMO continues to see particularly strong growth south of the border. Just last month, in fact, the company said it has already surpassed its target of achieving one-third of its earnings from the U.S. The goal was achieved in six months instead of the 3-5 year timeframe management had targeted.
Ford waited until today to report its second-quarter new-vehicle deliveries in the US. So now we know what happened to total US auto sales in the second quarter and in the first half this year, and it wasn’t pretty. New-vehicle deliveries, fleet and retail combined, fell 1.5% in Q2 compared to Q2 last year, to 4.5 million vehicles; and in the first half fell by 2.4% to 8.4 million vehicles.
This puts new vehicle sales on track to fall below 17 million units for the year. This would be the worst level since 2014. According to my own estimates, new vehicle sales in 2019 will decline to 16.95 million units, roughly on par with 1999, in a horribly mature market, whose two-decade stagnation was interrupted by the excitement of a collapse and recovery back to stagnation levels…CLICK for complete article
Despite the fact that the American economy is going strong, with high GDP growth and the lowest level of employment in 40 years, a survey from Bankrate.com shows that nearly 40 percent of Americans believe the next recession is already here or awaits us in the next 12 months. So, why do experts says the economy is good, if not excellent, when the Average Joe has an entirely different sentiment?
Indeed, the BankRate survey noted that 88 percent of “experts” say the economy is “good,” and 11 percent even describe it as “excellent. The disconnect between the two groups is difficult to understand at a time when the U.S. economy has achieved its longest growth record without recession. In fact, we’re looking at a 10-year growth spurt. In other words, 121 months of straight growth….CLICK for complete article
While politicians push the politics of division amidst an avalanche of misleading statements and at times outright lies it’s easy to overlook the rest of Canada that’s on display daily in communities across the country.
They promote airport expansions and cruise ships yet somehow Vancouver (and Victoria’s) city council takes aim at oil producers without pointing a deserving finger at themselves.