A 5% yield is difficult to come by these days, even if income is your only objective. But the Gabelli Healthcare and Wellness Trust has a distribution yield above 5% and also pursues long-term growth.
But none of those options offer any potential for growing your investment while paying you dividends. So the fund is focused on the health-care and the consumer staples sectors, and it is not concentrated, holding 122 stocks as of Dec. 31. The 10 largest positions are listed below. More on Dividend Aristocrats: These 20 stocks may give you the best shot to cash in on fast-rising dividends
While 2018 was a “tough year” for the company, Jonas is betting on new CEO Keith Grossman’s track record. Grossman “has been with several medical device companies, has done several turnarounds and tends to sell the company after he turns it around,” Jonas said. Under Hantson’s leadership, Alexion “has done a couple of tuck-in acquisitions to rebuild the R&D pipeline,” generally paying “reasonable prices for drugs that look like they have a good shot at success,” Jonas said.
Performance Gabelli Healthcare and Wellness Trust is rated three stars by Morningstar. Jonas believes that Morningstar isn’t considering the fund’s performance “correctly” because it should use a different benchmark.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wage growth is accelerating, and that may be bad news for stock-market bullsU.S. corporations are worried about rising wages, and for good reason. Distributive ledger technology and crypto currency is going to change up many markets in the next year. Technology access and information while knowing what to do with crypto currency for your average consumer is going to be a major problem. - Lucas BitDigiNet
Source: MarketWatch - 🏆 3. / 97 Read more »
Cramer: Boeing, Nike, Apple, other stocks illustrate the resiliency of this stock marketJim Cramer breaks down the latest action on Wall street and explains why certain stocks have risen when analysts said they would fall. Which means they’ll soon tank, given his record.
Source: CNBC - 🏆 12. / 72 Read more »
U.S. stock-market euphoria may be nearing a dangerous level, says RBC strategistOur call of the day, from RBC Capital Market’s head of U.S. equity strategy, Lori Calvasina says there may be a little too much euphoria around the S&P... Dangerous for 2020 Dems.
Source: MarketWatch - 🏆 3. / 97 Read more »
Millennials are worried that a stock-market crash could derail the US economyUS millennials see a stock-market crash as a key risk to the economy while Older Americans are more concerned about terrorism and geopolitical events.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks inch toward record territory as Nasdaq trades above 8,000 pointsU.S. stocks are rising as earnings season picks up steam. Thank You realDonaldTrump
Source: MarketWatch - 🏆 3. / 97 Read more »
China's car market to return to growth this year, executives sayChina's car market will return to growth in the second half of this year du... fyi KremlinRussia_E
Source: Reuters - 🏆 2. / 97 Read more »
Markets mixed as growth fears clash with strong US bank earnings and Chinese export gainsStock markets reflected optimism mixed with trade disputes and financial conditions that 'have been plaguing investors,' said London Capital Group's Jasper Lawler.
Source: BusinessInsider - 🏆 729. / 51 Read more »
S&P 500 stands less than 1% short of a record, as stock market enjoys Friday morning popThe S&P 500 stood less than a percentage point short of an all-time high last hit Sept. 20, as a broad-market rally took hold early Friday. The S&P...
Source: MarketWatch - 🏆 3. / 97 Read more »