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An Upgrade for a 12% Yielder

New Residential Investment Corp. (NYSE: NRZ) is one of the most requested stocks in the Safety Net column.
That’s not too surprising considering the stock pays a 12.1% dividend yield and has never cut the payout. In fact, it has raised the dividend five times since it began paying one in 2013.
The $0.50 per share quarterly dividend has remained the same since June 2017.
New Residential Investment is a mortgage REIT. It borrows money short term and lends it out long term at higher interest rates.
When I covered the company in this column in May, the dividend safety rating was lowered because …read more […]

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Tesla Is Once Again the Most Shorted American Stock

(Bloomberg) — Tesla Inc. bears won’t let anyone steal the title for the most-shorted stock. Not even Apple Inc.A parabolic spike in shares of the electric carmaker hasn’t stopped short sellers from betting the stock will go down. They drove the total dollar amount of shares borrowed to sell the stock short to $14.5 billion on Wednesday, data by financial analytics firm S3 Partners showed. That’s above the $14.3 billion invested in a bet Apple will go down.The iPhone maker overtook Tesla as the most-shorted U.S. stock on Sept. 20 and had held that position until Wednesday. The dollar amount …read more […]

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Trump slams Apple over refusing to unlock iPhones

President Trump slammed Apple after the tech company refused requests from U.S. Attorney General William Barr and the FBI to unlock the iPhones allegedly used by the shooter who killed 3 people at Pensacola, Florida. Yahoo Finance’s Dan Howley joins Seana Smith on The Ticker to discuss. …read more […]

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3 Unique Ways to Play This Historic Melt-Up

Earlier this week, I asked this question in The War Room…
How long can this melt-up last?
The answer…
A lot longer than anyone expects.
This prompted me to introduce a new strategy – a strategy I’d like to share with you here, right now in today’s Trade of the Day.
It goes like this…
Let’s assume for a moment that we are indeed close to a “blow-off top” in the markets.
If that’s the case – then why don’t we really lean into it?
In other words, let’s play some stocks that can really amplify a final blow-off rally.
What could that group look like?
Well, look no …read more […]