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-0.000498256103637347 -0.000498256103637347 0 0.000498256103637347 0.000498256103637347 0.0324837581209394 0.0314548754521592 0.0299115514489889
Stock impact report

Load Up on These 12%-Plus-Yielding Dividend Stocks, Says Wells Fargo [Yahoo! Finance]

Annaly Capital Management Inc. (NLY) 
Last annaly capital management inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: annaly.com/investors
Company Research Source: Yahoo! Finance
The larger cut shows that the Fed is upbeat on inflation. The rate of price increases fell to 2.5% in August, and the Fed clearly believes that it will soon hit the 2% target. The rate cut was the first since March of 2020, and puts the funds rate in the range of 4.75% to 5.0%. With this shift in Fed policy, investors are naturally asking, what's next? Wells Fargo analyst Donald Fandetti offers a clear recommendation: consider moving into REITs and specialty finance sectors, which historically perform well in rate-cutting cycles, while also providing the added incentive of high dividend yields. “After underperforming through the rate hike cycle, we now see a favorable risk/reward for the shares, including double-digit div yields. Historically, the stocks do well when the Fed is cutting rates. Agency MBS spreads are still wide and banks could start buying after big hits from mark-to-mkt,” Fandetti opined. Getting into specifics, Fandetti recommends two such stocks that are payin Show less Read more
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