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Off-Topic Stock Market & Crypto Discussion

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Cryptical Envelopment said:
Incorrect. DIV went up 4x from 22 to 88 cents per share. Currently yielding ~20%.
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There is discrepency from the trailing and forward yield.

To clarify, people owning the stock from a few weeks ago are getting 20% but people buying today would yield 3.5%? It seems that would impact the price future buyers are willing to pay.
 
Say goodbye to a lousy September. Scary how it dropped before the close. We need to see inflation going down and the Fed easing.
 
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TheEye said:
There is discrepency from the trailing and forward yield.

To clarify, people owning the stock from a few weeks ago are getting 20% but people buying today would yield 3.5%? It seems that would impact the price future buyers are willing to pay.
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No. The stock did a reverse split (4x) and the quarterly dividend increased proportionately from .22 a share to .88 a share. Basically the dividend didn't change.

Your yield depends on the price you bought it at.
 
Cryptical Envelopment said:
No. The stock did a reverse split (4x) and the quarterly dividend increased proportionately from .22 a share to .88 a share. Basically the dividend didn't change.

Your yield depends on the price you bought it at.
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For whatever reason my app did not update the yield ratio until shortly after your post. It was saying 3.5% for several days. Now it does read 20%. Thank you.
 
SpikeUM said:
October is often a wild month, and with all of the negativity, I wouldnt be surprised to see a mini crash, which might be the beginning of the end for Fed tightening.
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The dollar will remain strong because we are considered a safe haven.
 
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GladeCane said:
Futures down. Watch out belowwww...
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4AB81077-4361-4493-9CA2-E948974A59C2.jpeg
 
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TheEye said:
For whatever reason my app did not update the yield ratio until shortly after your post. It was saying 3.5% for several days. Now it does read 20%. Thank you.
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No problem. Maybe you mistook the actual annual DIV rate ($3.52) in $ for the yield?

Regardless, div payment coming in four weeks. Always a nice day.

Screen Shot 2022-10-03 at 1.26.24 PM.png
 
Cryptical Envelopment said:
No problem. Maybe you mistook the actual annual DIV rate ($3.52) in $ for the yield?

Regardless, div payment coming in four weeks. Always a nice day.

View attachment 210315
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It’s the Yahoo stock app that comes with the iPhone. After the reverse split, the yield percentage went from 14% to 3.5%. Today it shows the correct 20% yield . It doesn’t list the dividends per share on it. I don’t own any NLY but I told some friends about it and they jumped on it right before Labor Day weekend. The principle value is down, but they should still be getting the payout they signed up for.
 
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TheEye said:
What are you thinking? Maybe a dovish Fed come Springtime?
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One would think so, BUT, I am concerned that even though the economy appears to be finally slowing down, wages, food, rentals, oil, etc. are still high and not coming down yet. Citi today called for '23 to be a negative year in the market.
 
SpikeUM said:
One would think so, BUT, I am concerned that even though the economy appears to be finally slowing down, wages, food, rentals, oil, etc. are still high and not coming down yet. Citi today called for '23 to be a negative year in the market.
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It’s hard for me to believe prices will be higher next spring than last spring or at least early summers.
 
TheEye said:
It’s hard for me to believe prices will be higher next spring than last spring or at least early summers.
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Remember that inflation is reported year over year. So if oil goes from $30 to $90 a barrel in year one, and stays at $90 in year two, the inflation rate on that might be zero, but you are still paying $90 a barrel. So I do expect inflation to moderate, but it will still be well above 2%, unless there is a hard landing.
 
SpikeUM said:
Remember that inflation is reported year over year. So if oil goes from $30 to $90 a barrel in year one, and stays at $90 in year two, the inflation rate on that might be zero, but you are still paying $90 a barrel. So I do expect inflation to moderate, but it will still be well above 2%, unless there is a hard landing.
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2% is redickalous

Fed’s Williams sees steep decline in inflation ahead​

Cooling global demand and steady improvements in supply should result in falling rates of inflation for goods over the next year, New York Fed President John Williams said Monday.

“These factors should contribute to inflation declining to about 3% next year,” Williams said in a speech to the U.S. Hispanic Chamber of Commerce in Phoenix.

Inflation, as measured by the Fed’s favorite personal consumption expenditures (PCE) price index, was running at a 6.2% annual rate in August.
Bringing down underlying inflation enough so the Fed hits its 2% annual inflation target will take longer, Williams said.
 
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