90.77 0.00 (0.00%)
After hours: 5:15PM EDT
|Bid||90.86 x 1200|
|Ask||90.70 x 1000|
|Day's Range||90.08 - 91.05|
|52 Week Range||68.92 - 91.99|
|Beta (3Y Monthly)||0.17|
|PE Ratio (TTM)||22.69|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||2.68 (2.96%)|
|1y Target Est||92.30|
Spot power prices in Texas almost tripled to a record high for Friday as the state's grid operator took emergency measures for a second time this week to keep the lights on as consumers cranked up their air conditioners to escape a heat wave. The Electric Reliability Council of Texas (ERCOT), grid operator for much of the state, called on consumers to conserve energy and issued energy emergency alerts on Tuesday and Thursday after the shutdown of some generation and curtailment of some power lines caused reserves to fall. Next-day power prices at the ERCOT North hub soared from $265 per megawatt hour (MWh) for Thursday to $751 for Friday, their highest on record, according to Refinitiv data going back to 2010.
Could American Electric Power Company, Inc. (NYSE:AEP) be an attractive dividend share to own for the long haul...
Spot power prices in Texas for Wednesday almost tripled after electricity demand hit record highs earlier this week and real-time prices briefly soared to $9,000 per megawatt hour as consumers cranked up air conditioners to escape a brutal heat wave. With less heat expected, the Electric Reliability Council of Texas (ERCOT), grid operator for much of the state, projected demand would only reach around 71,800 megawatts (MW) Wednesday.
Demand for electricity in Texas on Tuesday will break a record high that was hit on Monday as consumers keep their air conditioners cranked up to escape a heat wave baking much of the U.S. Southeast, according to the state's power grid operator. The Electric Reliability Council of Texas (ERCOT), grid operator for much of the state, projected demand will rise over 75,100 megawatts (MW) on Tuesday, topping Monday's preliminary peak of 74,531 MW. One megawatt can power about 1,000 U.S. homes on average, but as few as 200 during periods of peak demand.
Demand for electricity in Texas hit a record on Monday as consumers cranked up their air conditioners to escape a heat wave that is currently baking much of the Southeastern United States, according to the state's power grid operator. The U.S. National Weather Service issued heat advisories for much of the Southeast. The Electric Reliability Council of Texas (ERCOT), grid operator for much of the state, reported demand hit 74,531 megawatts (MW) at 5 p.m. CDT (2200 GMT) on Monday and could approach 75,000 MW on Tuesday.
Demand for electricity in Texas will reach record levels on Monday and Tuesday as consumers crank up their air conditioners to escape a heat wave baking much of the U.S. Southeast, according to projections by the state's power grid operator. High temperatures in Houston, Texas' biggest city, will hit 100 degrees Fahrenheit (38 Celsius) on Monday and Tuesday, according to AccuWeather forecasts. The normal high in Houston at this time of year is 96 F (36 C).
PG&E Corporation (PCG) incurs operating losses of $3,638 million in the second quarter of 2019 compared with operating losses of $1,465 million in the year-ago quarter.
The U.S.-China trade war is on and that makes finding good, safe stocks to buy much more difficult than before.Over the past few months there was a semantics debate over what exactly the trade tensions between the U.S. and China should be labeled as. Is it a full blown trade war? Or is it just a trade dispute, or trade skirmish?Today, that question seems fully answered. U.S. President Donald Trump upped the ante in early August by promising to introduce a 10% tariff on $300 billion worth of Chinese goods by September. China responded in force, suspending the purchase of new U.S. agricultural products and devaluing its own currency to decade lows against the U.S. Dollar.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs such, there's no question about it. With both sides upping the ante to much more serious levels than before, the U.S.-China trade war is fully here.Stocks dropped in response. Big time. In just a few trading days, the S&P 500 dropped more than 5%. As of this writing, it looks likely that the market's decline will run into 10%-plus territory within the next few trading days. Thus, in a matter of a few trading days, stocks have gone from making new all-time highs, to being in correction territory.That is the definition of volatility. And when volatility comes roaring back into markets, investors flock to safety. Common financial safe havens included Treasuries (which have been rally in mode) and gold (which just made a six year high).Another financial safe haven is the class of high quality, high moat, big dividend stocks that won't be hit hard by this trade war drama. As such, I fully expect those "safe stocks" to out-perform so long as trade war drama hangs around. * 10 Internet Stocks Getting Hammered Which stocks fall into the safety stocks category? Let's take a closer look at four safe stocks to buy amid the recent trade war turbulence. Safe Stocks to Buy Amid Trade Turbulence: AT&T (T)Source: Shutterstock The first safety stock on this list is a telecom giant with a big yield, stable operations, minimal trade war exposure and huge forthcoming catalysts on the horizon.AT&T (NYSE:T) is one of America's largest telecom companies. As a U.S. telecom giant, AT&T's operations won't be disrupted by a trade war. Consumers will still need internet service and mobile coverage, and will be willing to pay up for it so long as labor conditions remain favorable (which they do). Furthermore, T stock has a 6% yield which: 1) is pretty much higher than every other blue-chip yield in the market, and 2) looks really attractive next to a 10-Year Treasury yield that is below 2%.Also of note, AT&T has huge catalysts on the horizon that could breathe life back into this sluggish stock. First, AT&T is set to launch HBO Max soon, and this streaming service has enough content firepower from the Time Warner acquisition to make noise in the streaming landscape. If so, AT&T could pivot its negative cord-cutting narrative, into a positive streaming sub growth narrative. That will put upward pressure on AT&T stock.Second, 5G smartphones are coming soon, and when they finally go mainstream in 2020, that will provide a huge tailwind for the entire wireless industry, telecom providers like AT&T included.With those two big catalysts on the horizon -- and with AT&T's core fundamentals intact -- T stock looks like a solid and safe stock to pick up with trade tensions heating up. American Electric Power (AEP)Source: Shutterstock The second safety stock on this list is a utility company with a core business almost entirely unrelated to the trade war, a big yield that looks even better with interest rates so low and a history of operational and financial stability that bodes well for this stock during turbulent times.U.S. utility giant American Electric Power (NYSE:AEP) stock thrives in the overlap of stability and yield. On the stability side, American Electric Power provides electricity services in the U.S., so they basically provide a secular demand service in the world's strongest and biggest economy. That positioning lends AEP stock to unprecedented stability. That's exactly what you get with American Electric Power. Over the past decade, this company has a done nothing but report consistent and healthy revenue, profit and cash flow growth.On the yield side, AEP stock has a big yield (3%), which has been impressive for a long time (it has been above 3% for over 30 years) because of consistent dividend hikes (the dividend has gone from ~40 cents at the beginning of the decade, to nearly 70 cents today). * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Broadly, then, AEP stock thrives in the overlap of stability and yield. That overlap is exactly where investors will flee if things get uglier in the stock market. As such, AEP stock looks like one of the safer stocks to buy if trade turbulence persists. Disney (DIS)Source: Shutterstock The third safety stock on this list is a media giant that, while possessing some trade war exposure, is mostly a company with enduring strengths that will withstand and outlast the trade war. It's also just months away from its biggest upward catalyst in recent memory.Disney (NYSE:DIS) stock isn't exempt from the trade war. The company has a big parks business. That parks business is somewhat dependent on good trade relations, both because tourism drives a big chunk of revenue for domestic parks and because the company has a ton of international parks, too. There's also the big studio business, which similarly has considerable international exposure.But, it's tough to see DIS stock really getting hit hard in this trade war. Currency headwinds will hurt, but outside of that, Disney has strong enough brand equity and strong enough global consumer demand to withstand and outlast trade war drama. Chinese consumers won't quit going to Disney parks in China. Tourism might take a hit in the U.S., but domestic traffic trends should remain favorable. Also, nobody in the world is going to stop going to the movies because of this trade war.As such, Disney's secular growth drivers are strong enough to "beat" the trade war. Plus, DIS stock is heading into its biggest catalyst in recent memory with the launch of Disney+ in late 2019. That catalyst will make or break DIS stock -- regardless of the trade war. I think it is quite likely to make DIS stock, as Disney+ has enough content firepower, has been hyped up enough and is cheap enough to immediately gain significant traction.If so, DIS stock will only head higher over the next 12 months. Tyson Foods (TSN)Source: Shutterstock While searching for safe stocks to buy, investors might consider this next pick a prime target. It's a food giant that will largely keep doing "business as usual" amid trade war drama. It's a stock that has a big yield and the company looks ready for a breakout to the upside.Much like Disney, food giant Tyson (NYSE:TSN) isn't exempt from the trade war. On the contrary, this is a global business with sizable trade exposure. The company sells products in America, Canada, China and the rest of the world. That means demand could be adversely impacted tariffs. It also means that a strong dollar could really take a bite out of the financials.But, let's zoom out. What does Tyson sell? Food. Will people stop eating because of the trade war? No. Thus, whatever demand headwinds do arise here, will be very small for TSN stock. * 10 Stocks to Buy on the Trade War Dip At the same time, Tyson just announced a portfolio of next-generation protein products that will hit shelves over the next few months, including Raised & Rooted plant-based chicken nuggets. These next-gen protein products will both improve the underlying financial trends as well as provide a lift to investor sentiment. That combination should ultimately push TSN stock higher, even amid trade war drama.As of this writing, Luke Lango was long T, AEP and DIS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Internet Stocks Getting Hammered * 6 Big Growth ETFs to Buy For the Second Half of 2019 * 5 Cheap Stocks to Buy Now That the Fed Cut Rates The post 4 Safe Stocks to Buy Amid Trade War Turbulence appeared first on InvestorPlace.
Spot power prices in Texas almost doubled for Wednesday on forecasts demand for electricity would hit record levels next week as consumers crank up their air conditioners to escape a heat wave baking much of the state. High temperatures in Houston, the biggest city in the Lone Star State, were expected to near 100 degrees Fahrenheit (38 Celsius) every day through Aug. 13, according to AccuWeather meteorologists. The Electric Reliability Council of Texas (ERCOT), grid operator for much of the state, forecast that heat would push peak demand to more than 74,200 megawatts (MW) on Aug. 12, which would top the current all-time high of 73,473 MW set on July 19, 2018.
Spot power prices in Texas almost tripled for Tuesday on forecasts demand for electricity would hit record levels over the next week as consumers crank up their air conditioners to escape a heat wave blanketing much of the state. High temperatures in Houston, the biggest city in the Lone Star State, were expected to reach almost 100 degrees Fahrenheit (38 Celsius) every day over the next week, according to meteorologists at AccuWeather. The Electric Reliability Council of Texas (ERCOT), the grid operator for much of the state, forecast that heat would push peak demand to more than 73,600 megawatts (MW) on Aug. 8 and over 75,300 MW on Aug. 12.
Hawaiian Electric's (HE) total operating income declines 7.8% year over year to $72.6 million in Q2 due to lower contributions from the Bank segment.
One of the biggest themes of financial markets in 2019 has been plunging rates. The 10-Year Treasury yield (alongside pretty much every other fixed income rate) has plunged in 2019, dropping from 2.7% on Christmas Eve 2018, to just over 2% in late July 2019.Source: Shutterstock The catalyst? Slowing economic expansion across the globe, which central banks want to curb. As such, central banks around the world project to cut rates in an insurance move to prolong the current economic expansion. Rates have plunged in anticipation of these cuts.Will rates stay lower for longer? Probably. The Federal Reserve will likely cut rates a few times in the back half of 2019 to prolong the current economic expansion and breathe life back into the sluggish industrial economy, which has been hurt by rising geopolitical tensions. As such, the plunging rates theme of 2019 projects to turn into a consistent low rates theme in the second half of 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere are two big implications for equities in a low rate world. First, equity valuations will move higher, since lower fixed income yields justify lower earnings yields, and therefore, a higher equity multiple. Second, investors will flock to stable dividend stocks, since many of those stocks are now yielding more than fixed income instruments.Consequently, investors should do two things here. One, stay long the stock market. The environment remains favorable for stocks to go higher. Two, consider playing defense by buying some dividend stocks. So long as rates remain low, these stocks should have huge investor demand. * The 10 Best Index Funds to Buy and Hold With that in mind, let's take a look at seven big dividend stocks investors should consider in today's rate world. Big Dividend Stocks to Consider: CVS Health (CVS)Source: Mike Mozart via FlickrDividend Yield: 3.6%Projected Long-Term Earnings Growth Rate (from YCharts): ~5.5%The Thesis: The bull thesis on CVS Health (NASDAQ:CVS) is pretty straightforward. This company breaks down into two parts: consumer pharmacy and PBM. On the consumer pharmacy side, fundamentals have been depressed by competition. But, the company is rapidly expanding the value prop of its already extensive retail footprint, integrating technology and data to create things like HealthHUBs and minute clinics, the sum of which should drive continued share expansion and healthier revenue growth trends.On the PBM side, fundamentals have similarly been depressed by the growing threat of government regulation. But, the White House recently scrapped plans for a drug rebate plan that would've been disastrous for PBMs like CVS. As such, headwinds on the PBM side should ease going forward.Broadly, the fundamentals on both the consumer pharmacy and PBM sides of CVS are set to improve, and as they do, depressed CVS stock (3.6% yield with a mid single-digit projected earnings growth rate) should take off. AT&T (T)Source: Shutterstock Dividend Yield: 5.9%Projected Long-Term Earnings Growth Rate (from YCharts): ~5%The Thesis: As is the case with the bull thesis for CVS, the bull thesis on AT&T (NYSE:T) hinges on the idea this company's darkest days are behind it, and that things will get better going forward.The big headwind which has killed AT&T stock over the past several years has been cord cutting. AT&T makes a bunch of money from cable subscription and related fees. But, consumers have rapidly pivoted from linear to streaming TV, and in the process, have cancelled their cable subscriptions. AT&T's growth trends have consequently suffered, as growth in wireless hasn't been sufficient to offset wired losses.But, both the wired and wireless businesses should improve from here. On the wired side, AT&T has enough content with the acquisition of Time Warner (think HBO, Cinemax, CNN, so on and so forth) to launch a compelling streaming TV service, which should attract enough subs to help offset the cord cutting headwind. Meanwhile, on the wireless side, 5G is coming, and it increasingly appears that the 5G tailwind will provide a big boost to the entire wireless industry, AT&T included. * 10 Generation Z Stocks to Buy Long Net net, AT&T's depressed fundamentals should improve over the next few years. As they do, AT&T stock will bounce back. American Electric Power (AEP)Source: Shutterstock Dividend Yield: 3%Projected Long-Term Earnings Growth Rate (from YCharts): ~6%The Thesis: The bull thesis on utility giant American Electric Power (NYSE:AEP) is very simple, and it centers around two things: yield and stability.On the yield side, this is a stock with a 3% yield that 1) has consistently sported a yield above 3% for the past 30-plus years, and 2) has consistently hiked its dividend from ~40 cents at the beginning of the decade, to nearly 70 cents today. Meanwhile, on the stability side, American Electric Power is a company that 1) operates in the secular demand electricity services industry, and 2) has a track record of consistent and healthy revenue, profit and cash flow growth over the past decade.Broadly, then, American Electric Power is all about yield and stability. Investors buy shares, get their yield, and don't have to worry much about the stock. Over the past decade, AEP stock has risen nearly 200%. During that massive 200% rally, the stock never once fell into bear market territory (a 20% draw-down from recent highs).As such, if you're looking for yield and long-term stability, AEP stock is the cream of the crop. McDonald's (MCD)Source: Shutterstock Dividend Yield: 2.1%Projected Long-Term Earnings Growth Rate (from YCharts): ~8%The Thesis: When it comes to McDonald's (NYSE:MCD), the bull thesis is secular in nature. Long story short, this is the world's largest and favorite fast food chain, built on two value props that will never go away -- unprecedented convenience and low prices.McDonald's has consistently innovated and iterated over the past several years to continue to dominate those two value props. They have reinvented their menu to offer more relevant, healthier options, at still low prices. They have heavily invested in technology and data to implement digital ordering kiosks, refreshed drive-thru infrastructure and much more, all of which has simply shortened wait times and enhanced customer convenience.As such, McDonald's has continued to dominate on price and convenience over the past several years. In so doing, the company has driven consistently positive comparable sales growth, which has in turn driven MCD stock higher. * 7 Charts That Should Concern Marijuana Stock Investors All signs indicate this trend will continue for the foreseeable future. McDonald's is doubling down on fresh beef options throughout its menu, and management is leaning more heavily into data to enhance business efficiency. For the foreseeable future, then, McDonald's should continue to dominate on price and convenience. Continued dominance on those two fronts will support positive comps over the next several years, which will support MCD stock continuing to make new highs. Target (TGT)Source: Mike Mozart via Flickr (Modified)Dividend Yield: 2.9%Projected Long-Term Earnings Growth Rate (from YCharts): ~6%The Thesis: There are two pieces to the bull thesis on Target (NYSE:TGT) stock: a near-term bull thesis, and a long-term bull thesis.In the near term, Target's revenue trends are firing on all cylinders right now because the company has successfully built out an e-commerce business while expanding its omni-channel capabilities. These two things together have driven Target's strongest streak of comparable sales growth in over a decade. But, building out e-commerce and omni-channel capabilities isn't cheap. It requires huge investments. Those huge investments have weighed on margins over the past few quarters.They are now starting to phase out (since Target's omni-channel capabilities have already been mostly developed), and as these investments completely phase out over the new few quarters, Target's robust top-line growth will be joined by equally robust margin expansion and profit growth. This reinvigorated profit growth will drive TGT stock higher.In the long term, Target has shown an impressive ability to innovate and adapt to the dynamic retail landscape. This should give investors confidence that -- no matter how consumption habits change over the next several years -- Target should be able to leverage its huge reach and resources to adapt to those consumption changes. Consequently, in the long run, Target should grow alongside the U.S. consumer economy, meaning that revenues, profits and the stock should all trend higher over time. Coca-Cola (KO)Source: Coca-ColaDividend Yield: 2.9%Projected Long Term Earnings Growth Rate (from YCharts): ~7%The Thesis: When it comes to Coca-Cola (NYSE:KO), you buy KO stock for three reasons.One, this company is the king in the secular growth global beverage industry, which has stable and enduring demand drivers. No matter what, consumers around the world have to drink. And when they choose to buy a drink, chances are high they are going to buy a Coca-Cola product, considering that Coca-Cola owns about 40% of the global non-alcoholic beverage market.Two, Coca-Cola has found a winning formula to stay atop the non-alcoholic beverage market. Coca-Cola uses data to identify up-and-coming beverage trends. They invest in the small beverage brands that have the most exposure to those trends. They then test those brands by putting them selectively into their global distribution channel. If one of those brands does really well, Coca-Cola acquires the whole brand, and launches that brand everywhere. In so doing, Coca-Cola has discovered a strategy wherein no matter how beverage market trends change, Coca-Cola will always be the company that sits atop the industry. * 7 Recession-Proof Stocks to Buy as the Boom Ends Three, KO stock is a symbol of stability with a big yield. KO stock isn't volatile. At all. And, in the absence of volatility, the stock pays investors a nice near 3% yield. This combination of stability and yield makes KO stock a solid investment for any investor. Qualcomm (QCOM)Source: Shutterstock Dividend Yield: 3.3%Projected Long-Term Earnings Growth Rate (from YCharts): ~18.5%The Thesis: Global chip giant Qualcomm (NASDAQ:QCOM) is about to enter a golden era over the next several years. Thanks to a renewed multi-year licensing agreement with Apple (NASDAQ:AAPL), Qualcomm is once again the single most dominant player in the mobile phone chip market.That's a favorable position to hold in 2019. In the back half of 2019 and into 2020/21, 5G coverage is set to go mainstream. That's a big deal. 5G isn't just a step up from current coverage standards -- it's an entire new level of coverage that will enable an entire new set of possibilities in today's smart device dominated world. As such, it will present a tremendous earnings growth opportunity for Qualcomm, which is why analysts project this company to grow earnings at nearly a 20% compounded annual pace over the next few years.If Qualcomm can capitalize on the huge 5G opportunity in front -- they should be able to, given their dominant position in the market -- then QCOM stock will head higher over the next several years. A stock with a 3.3% yield and a ~20% projected EPS growth rate is simply too attractive for most investors to pass up on.As of this writing, Luke Lango was long CVS, T, MCD, TGT and QCOM. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Most Shorted Stocks in the Markets Right Now * 7 Charts That Should Concern Marijuana Stock Investors * 8 Monthly Dividend Stocks to Buy for Consistent Income The post 7 Big Dividend Stocks to Consider In a Low-Rate World appeared first on InvestorPlace.