Stock Investing Pulse Daily Digest

Head of US Equity and Quant Strategy at BoA Sees Too Many Red Flags in Stock Markets

Savita Subramanian, Bank of America Securities head of U.S. equity and quantitative strategy, is warning about parallels between markets now and in Feb 2020. Energy is outperforming and has positive momentum and upward earnings revisions Tech and communications are hot but with expensive valuations Consumer staples rank dead last in returns The last one is particularly notable because she says that a setup like this historically has led to big outperformance in staples, including by 73% during the 2000-2002 tech bust. On CNBC last week she said "I like stocks, I just don't like the index" and today she reiterated a year-end target of 7100 despite the index trading at 7383 now. The S&P 500, she says, is the most-crowded ticker in the world. The prior worry is that new issuance is a red flag and a secondary one is that the capex surge is eating into free cash flow — which has gutted the buybacks that did so much of the index's heavy lifting previously. So she's selective: long financials, energy, materials and staples; steering clear of discretionary and utilities. Her target is -6% from here. h/t @MikeZaccardi This article was written by Adam Button at investinglive.com.

investingLive – Asia-Pacific News Wrap

EnGene Therapeutics: The Selloff Creates An Opportunity

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Forget SCHD: DGRO’s Looser Quality Filter Has Quietly Delivered Higher Total Returns Over the Last Decade

For a 59-year-old pre-retiree sitting on a six-figure dividend core, the choice between iShares Core Dividend Growth ETF (NYSEARCA:DGRO) and Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) usually gets framed as a yield contest. SCHD pays more today. The quieter story is that DGRO has delivered 250% over the past ten years versus SCHD’s 233%, and ... Forget SCHD: DGRO’s Looser Quality Filter Has Quietly Delivered Higher Total Returns Over the Last Decade

Yahoo Finance – Top Financial News

Innovative Industrial Properties: The 13% Yield Just Got De-Risked, Yet The Market Is Asleep

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Parsons Corporation (PSN): A Debt-Free IT Stock Backed by $99 Million Air Force Contract

Parsons Corporation (NYSE:PSN) is one of the best debt-free IT stocks to buy now. On June 6, Parsons Corporation (NYSE:PSN) inked a $99 million task order from the US Air Force Research Laboratory. The task order paves the way for the company to provide research, development, engineering, and demonstration of command-and-control technologies. The award also […]

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