With much of the U.S. stock market in a correction there are plenty of attractive stocks to consider. This is especially true in income investing.
Strive to guard against capital depreciation from yield-stock declines by focusing on high-yield stocks that insiders are buying in size. I also think we have seen the end of heavy bond selling which increases Treasury bond yields and therefore pushes down the shares of stock market yield plays. First, a lot of the heavy bond selling that drove down Treasurys and spiked yields was due to institutional investor tax-loss selling.
In fact, it looks increasingly like inflation will be tamed. Plus, with Rep. Mike Johnson in place as Speaker of the House, it is plausible the U.S. government may take some action to contain growth in spending and debt. Closed end funds A closed end fund is a type of mutual fund that issues a fixed number of shares to raise capital. Its shares are then traded in the market. CEFs invest in a stocks and debt.
Weinstein is building positions in several CEFs run by BlackRock BLK, +2.02%, because he’s an activist who wants to pressure BlackRock into making changes that would favor him as an owner of these funds. CEFs often trade at significant discounts to net asset value , the market value of the securities they hold. When CEFs convert to open ended funds, or close and sell their assets, owners like Weinstein get an instant gain.
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