Today is Monday, February 14, 2022.
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Top Dividend Stocks for 2022
Dividend stocks can be beneficial for all investors, especially during a volatile market in 2022, says CPA Mark Roussin in a new episode of the Early Bird Podcast.
Pros and Cons: Dividend investors can benefit from the additional passive income, but they should watch out for yield traps, says Roussin.
All Ages: Whether you are an experienced investor or a novice, Roussin says that dividends can still be part of your portfolio.
Fund Times: Exchanged-traded funds (ETFs) can be a solid investment for getting dividends, Roussin said.
Final Thoughts: What are Mark Roussin’s top dividend stock picks for 2022? Find out by listening to a new episode of the Early Bird podcast.
Notable Earnings Today: Avis Budget Group (Nasdaq: CAR), Alexander's (NYSE: ALX), Weber (NYSE: WEBR), Scorpio Tankers (NYSE: STNG), Ammo (Nasdaq: POWW), Advance Auto Parts (NYSE: AAP), TreeHouse (NYSE: THS), Arista Networks (NYSE: ANET), Olink Holding AB (Nasdaq: OLK), Continental Resources (NYSE: CLR), Applied Genetic Technologies (Nasdaq: AGTC), Amkor Technology (Nasdaq: AMKR), Garrett Motion (Nasdaq: GTX), Acasti Pharma (Nasdaq: ACST), Amtech Group (Nasdaq: ASYS), Roivant Sciences (Nasdaq: ROIV), Otter Tail (Nasdaq: OTTR), Kite Realty Group (NYSE: KRG), Spirit Realty Capital (NYSE: SRC), Vornado Realty Trust (NYSE: VNO).
Notable IPOs Today: ZimVie Inc. Common Stock When-Issued (Nasdaq: ZIMVV), Vivakor, Inc. Common Stock (Nasdaq: VIVK).
Notable Equity Crowdfunding Campaigns Ending Today: Correlate Health (NetCapital), Yahyn (NetCapital), Straight Teeth Solutions (NetCapital).
Notable Economic Events Today: N/A.
Lockheed Martin Won’t Buy Aerojet After All
American aerospace giant Lockheed Martin (NYSE: LMT) announced Sunday that it is terminating its agreement to acquire rocket maker Aerojet Rocketdyne (NYSE: AJRD).
Background: Lockheed Martin announced the acquisition in 2020, but there were concerns that the deal would greatly increase the company’s market share of solid-fuel rocket motors. The Federal Trade Commission (FTC) voted last month to sue in order to block the deal.
Quote: “We determined that in light of the FTC's actions, terminating the transaction is in the best interest of our stakeholders.” - Lockheed Martin Chairman, President, and CEO James Taiclet.
Numbers: Shares of Lockheed Martin are up 18% in the past year. Aerojet Rocketdyne’s stock is down 25% during the same time.
Final Thoughts: Where does Lockheed Martin go from here in terms of new acquisitions?
Conflict Spikes Oil Prices
The price of oil has jumped due to rising tensions between Russia and Ukraine.
Spike: The price of U.S. West Texas Intermediate (WTI) crude hit $94 on Friday, the highest level since 2014.
Background: The conflict aside, the current demand for oil is outpacing the current supply.
War: If Russia invades Ukraine, the U.S. will respond with sanctions. This would hurt supply and cause the price to spike again.
Final Thoughts: A $100 per barrel price target is possible, which means oil stocks might be going up.
Trends to Watch
A New Era: Australia's Crown Resorts backs $6.3 billion Blackstone bid (CNN)
Bold Commercial: Polestar fires shots at Tesla and Volkswagen, promises ‘no compromises’ in Super Bowl ad (The Verge)
Dropping: Ethereum Fees Drop to the Lowest Rate in 4 Months, 71% Lower Than Transfer Fees in January (Bitcoin.com)
Simple: What was that? Coinbase's QR code Super Bowl commercial confuses viewers (USA Today)
Big Transfer: Saudi Arabia Transfers Aramco Shares Worth $80 Billion to Wealth Fund (The Wall Street Journal)
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