In response to our missive on number-one ranked Delta Airlines yesterday, a reader says: “Yes, Delta, the airline that dumps fuel on school children. Good call on that one.”
How tone deaf of me.
The reader’s referring to an incident Tuesday when a Delta pilot dumped jet fuel over area schools in Los Angeles, injuring 60 people — including 20 school children. (None of the injuries required hospitalization.)
The pilot of Delta flight 89 indicated to air traffic control he needed to return to LAX because of engine trouble; however, when asked if he needed to dump fuel, the pilot responded, “Uh, negative.”
The FAA is looking into the event. We can assume someone’s head is going to roll… and a lawsuit and/or settlement will be forthcoming.
In the meantime, we don’t back off what we said about Delta stock — it’s up almost 1% since Monday.
Your Rundown for Friday Jan. 17, 2020
Are you a dividend investor? Meaning, are you in it for the long-term with tried-and-true companies that generate reliable income?
Then we give you a curated list of five stocks you should add to your portfolio:
- Exxon Mobil (XOM): Dividend yield of 5.03%; company’s forecasted to grow 15.57% annually
- International Business Machines (IBM): Dividend yield of 4.77%; earnings grew over 35% in the past year
- Gilead Sciences, Inc (GILD): Dividend yield of 3.93%; currently trading 35% below fair value
- General Mills, Inc (GIS): Dividend yield of 3.7%; while the company grew just 4.2%, it’s always a good idea to hedge with a longstanding consumer staple stock
- Truist Financial Corp (TFC): Dividend yield of 3.3%; with a rock-solid balance sheet, earnings are expected to grow 36.66% per year
You’ll notice we covered a lot of sectors with our dividend-generating picks — from energy, technology, pharmaceuticals, consumer staples and banking. Diversify accordingly.
Market Rundown for Friday, Jan. 17, 2020
S&P 500 futures are up 5 points to 3,322.
Oil is up just 15 cents for a barrel of West Texas crude.
Gold’s added $6.80 to its price of $1,557.30 per ounce.
Bitcoin is up $76.35 to $8,801.58.
We’re off Monday for Martin Luther King Jr. Day, but we’ll catch up Tuesday. Enjoy your weekend!
For the Rundown,