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SUGAR LAND--November 19, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Point Beach Nuclear Station (Two Rivers, Wisconsin), which is owned by NextEra Energy Resources (Juno Beach, Florida), a subsidiary of FPL Group, Incorporated (NYSE:FPL), was brought offline on October 15, when the plant's 514-megawatt (MW) unit 02 was scheduled for a refuel outage. The plant confirmed that it experienced a problem that will extend the unit's outage by two weeks. The unit is now projected for December 2, if there are no other delays.
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It's time to give thanks for dividends. Next week is Thanksgiving week, and surprisingly there are a lot of stocks going ex dividend during those days. There is a stock trading technique called 'Buying Dividends', which is becoming more and more popular. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only in bull markets.
When you buy dividends, there are many stocks in many different sectors to choose from. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can't sell the stock until after the ex date. The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork has compiled a free downloadable and sortable Excel list of the stocks going ex dividend during the next week or two. WSNN.com came up with many companies all with market caps over $500 million. Here are a couple examples showing the stock symbol, the ex-dividend date, the market capitalization, and the yield.
FPL Group, Inc. FPL ex div date: 11/24/2009 market cap: $21.4B yield: 3.6%
Northrop Grumman Corporation NOC ex div date: 11/25/2009 market cap: $15.9B yield: 3.5%
The Empire District Electric Company EDE ex div date: 11/27/2009 market cap: $626.7M yield: 7.0%
The rest of the ex-dividend stocks can be found at wsnn.com. (If you have been to the website before, and the latest link doesn't show up, you may have to empty your cache.) If you like dividend stocks, you should check out the high yield utility stocks and the Monthly Dividend Stocks at WallStreetNewsNetwork.com or WSNN.com. For more details on dividend definitions, check out definitions of dividend dates. Don't forget to reconfirm the ex-dividend date with the company before implementing this technique.
The Dividend Aristocrats index measures the performance of S&P 500 index members that have followed a policy of consistently increasing dividends every year for at least 25 consecutive years.[More...]
Citigroup gave the Electric Utilities industry some bad news as it announced a downgrade on one of its stocks.
Allegheny Energy Inc. (AYE) [Chart - News - Analysis] was downgraded from Buy » Hold on 11/11/2009---a negative sign for the stock that investors will have to endure. FYI, Citigroup uses the following rating scale when analyzing stocks: Buy, Hold, Sell.
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Allegheny Energy Inc. has an average analyst recommendation score of 2.2 and competes for investment dollars with Southern Company (SO) [Chart - News - Analysis] and FPL Group Inc. (FPL) [Chart - News - Analysis]---two other stocks in the Electric Utilities industry that have average analyst recommendation scores of 2.6 and 2.5 respectively.
Analyst recommendations are averaged and scored using the following rating scale:
- 1.0 = Strong Buy
- 2.0 = Buy
- 3.0 = Hold
- 4.0 = Sell
- 5.0 = Strong Sell
Why are Upgrades and Initiations Good and Downgrades Bad?
One event that is almost certain to get a reaction from Wall Street is an analyst upgrade or downgrade. Everyone is looking for an edge in the stock market, and quite often, traders turn to stock analysts to get that edge.
Upgrades and coverage initiations are typically good for stocks because they show that analysts either believe that the stock is going to perform better in the future or that the stock is worth covering and providing analysis on.
Downgrades are typically bad for stocks because they show that analysts believe that the stock is going to perform worse in the future.
A stock analysts is a person---typically employed by a large bank, investment firm or analysis company---who devotes his/her life to learning and making predictions about a company and its future performance.
Stock analysts sift through company reports and filings, talk to company management, probe customers and competitors and basically do whatever they can to find out if a company is healthy and growing or sick and shrinking. Because this is incredibly demanding work, stock analysts typically only monitor one or two companies at a time.
With all of the hot air we’ve seen expended over the last 2+ years, mostly in that non-state wedged between Virginia and Maryland, I for one have wondered if there was a way to harness that energy and possibly end this whole “dependence on foreign” oil ...[More...]
BloggingStocks: Analyst upgrades:
Citigroup upgraded FPL Group (FPL) to buy from hold on valuation and recommends buying the stock into the staff recommendation. The firm raised its target on shares to $58 from $55.
Deutsche Bank upgraded Smithfield Foods ... Read more
Companies featured in this segment: Dominion Energy (NYSE:D), FPL Group Incorporated (NYSE:FPL), General Electric Company (NYSE:GE), Dow Chemical Company (NYSE:DOW), The Shaw Group Incorporated (NYSE:SHAW), ABB Limited (NYSE:ABB), Mitsui & Company Limited (NASDAQ:MITSY), Siemens AG (NYSE:SI), Canadian Solar Incorporated (NASDAQ:CSIQ), GDF Suez SA (EPA:GSZ), Eni SpA (NYSE:E), Energie Baden-Wuerttemberg AG (ETR:EBK), E.ON AG (OTC:EONGY), Marubeni Corporation (OTC:MARUY), SNC-Lavalin Group Incorporated (TSX:SNC)
Companies featured in this segment: Plains Exploration & Production Company (NYSE:PXP), FPL Group Incorporated (NYSE:FPL), Scottish and Southern Energy plc (OTC:SSEZY), Drax Group plc (LSE:DRX), Electricite de France SA (EPA:EDF), E.ON AG (OTC:EONGY), U.K. Coal plc (LSE:UKC), Petronet LNG Limited (BSE:532522), Hero Honda Motors Limited (BSE:500182)
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