AMERICAN EXPRESS COMPANY, $109.46, symbol AXP on New York, is one of the world’s largest issuers of payment cards. As of September 30, 2018, it had 115.1 million cards in use across 130 countries. The company issues both traditional credit cards, which let users carry… Read More
Q: Pat, can I get an opinion on The First Trust Dow Jones Internet Index Fund ETF. How does it compare to an ETF like Invesco QQQ ETF?
A: The First Trust Dow Jones Internet Index Fund ETF, $124.03, symbol FDN on New York, aims to track the Dow Jones Internet Composite Index.
For a stock to be considered for a spot in the index, the company must generate at least 50% of its… Read More
Pat McKeough recently responded to an Inner Circle Member interested in his opinion of an ETF that covers big U.S. tech stocks, uses covered call options to raise income and hedges against movements in the U.S. dollar. Pat explains the complexities of the ETF and… Read More
TD SCIENCE & TECHNOLOGY FUND $83.10 (CWA Rating: Aggressive) (TD Asset Management, Canada Trust Tower
161 Bay Street, 35th Floor, Toronto, ON M5J 2T2;1-800-386-3757; Web site: www.tdcanadatrust.com. No load — deal directly with the company) invests mostly in U.S. firms engaged in the research, development, production or distribution of products… Read More
DANAHER CORP., $100.20, symbol DHR on New York, makes precision testing equipment and tools. Its major customers include medical research labs, dentists and municipal water utilities. Its brands include Beckman Coulter, ChemTreat, Pantone, and Kavo Kerr.
In April 2018, Danaher approached General Electric Co. (symbol GE… Read More
This ETF’s focus on top tech stocks and its 5.3% dividend yield have appeal, but they come at a cost.
In order to maintain its dividend, the fund must trade securities and place call options, both of which drain its capital. What’s more, the fund’s… Read More
A: First Asset Tech Giants Covered Call ETF (CAD Hedged), $17.95, symbol TXF on Toronto (Units outstanding: 6.1 million; Market cap: $109.5 million; www.firstasset.com), invests in what it sees as the biggest and most innovative U.S. technology companies. The largest 25 tech stocks by market… Read More
A: First Asset Tech Giants Covered Call ETF (CAD Hedged), $14.97, symbol TXF on Toronto (Units outstanding: 6.1 million; Market cap: $91.3 million; www.firstasset.com), invests in what it sees as some of the largest and most innovative U.S. technology companies. The largest 25 tech stocks… Read More
Q: Pat: Could you please give me your opinion on two American closed-end funds: Liberty All-Star Equity Fund and AllianzGI Equity & Convertible Income Fund? The yields are great on each fund and you are getting their holdings at a discount. Thank you in advance.
A: Liberty All-Star Equity Fund, $5.22, symbol USA on New York (Units outstanding: 186.8 million; Market cap: $975.1 million; www.all-starfunds.com), is a closed-end fund that aims to combine the stock recommendations of three value-style and two growth-style investment managers.
The fund started up on October 31,… Read More
Hi Pat: I am wondering if you can give me some advice about whether Salesforce.com (CRM) on New York is a stock to buy?
A: Salesforce.com Inc., $81.42, symbol CRM on New York (Shares outstanding: 677.5 million; Market cap: $55.0 billion, www.salesforce.com) makes customer relationship management (CRM) software that helps businesses organize and share information about their sales, customer service and marketing activities.
The company first sold shares to the… Read More