2016 has been a crazy year—so it’s no surprise closed-end funds (CEFs) have been offering crazy returns.
As we’ll see in a moment, the best fund is up over 50%, which crushes just about every unleveraged ETF and mutual fund out there. Plus, that fund pays a whopping 7.6% yield—which is pretty typical for CEFs. If you bought in when it was at its 52-week low, you would have been getting an unbelievable 14.7% yield throughout 2016, while also seeing your portfolio’s market value go up and up.
This is the power of getting into the right CEF at the right time, and it shouldn’t be ignored.
But even after its huge run-up, buying this fund, and funds like it, would give you over $76,000 in annual income on a million-dollar nest egg, compared to a depressing $26,000 if you put that money in US Treasuries instead.
Of course, there have been plenty of losers this year, too, and those losers scare off many investors. The wor st CEF fell 28%. Fortunately, its dividend payouts still helped offset the price declines, so holders of the fund are really down just 22% for 2016. Still, that’s awful in a year when the S&P 500 rose by double digits.
trading stocks online: Clean Energy Fuels Corp.(CLNE)
- [By Lisa Levin]
In trading on Wednesday, energy shares fell by 1.72 percent. Meanwhile, top losers in the sector included Clean Energy Fuels Corp (NASDAQ: CLNE), down 5 percent, and Frontline Ltd. (NYSE: FRO), down 7 percent.
- [By Michael Vodicka]
Clean Energy Fuels Corp. (CLNE) designs, builds and operates natural gas filling stations in the United States. The company supplies compressed natural gas (CNG) and liquefied natural gas (LNG), serving a fleet of 650 customers, more than 32,000 natural-gas vehicles while owning or supplying more than 350 filling stations in 32 states.
trading stocks online: Sanofi(SNY)
- [By Diane Alter]
Basically, the Phab 2 Pro allows users more ways to explore no matter where they are or go. Lenovo shares were 1.82% at $12.89 in today’s (Thursday) morning session.
CES Companies to Watch, No. 4: Sony (NYSE: SNY)
Sony Corp ADR (NYSE: SNE) ventured into the OLED television space with its new A1E series unveiling. The new TVs come in 55, 65, and 77 inch sizes, run on Android, and work with Google Home. Sony said that moving to OLED allows it to offer a TV with “unprecedented black levels, rich and lifelike color, dynamic contrast, blur-less image, and a wide viewing angle.”
- [By Paul Ausick]
The U.S. division of Paris-based Sanofi (NYSE: SNY) announced on Monday that an iconic U.S. consumer product not named Twinkies is on its way back to store shelves. Over-the-counter antacid Rolaids is once again available after a gap of nearly three years.
- [By Keith Speights]
I suspect that several companies were carefully monitoring what Keryx had to say this week. Sanofi (NYSE: SNY ) could be one of them. Zerenex will compete head-to-head againstits (NYSE: SNY ) Renvela. The French company’s drug requires more intravenous iron and erythropoiesis-stimulating agents than Zerenex, so that could give a leg up to Keryx in the marketplace.
trading stocks online: Galapagos NV(GLPG)
- [By David Zeiler]
Bill Patalon’s initial stock pick was Galapagos NV (Nasdaq ADR: GLPG), a Belgian biotech company.
Patalon was attracted to Galapagos’ strategy to target “orphan diseases,” afflictions that strike rarely and so often go ignored by the Big Pharma companies. He also liked that Galapagos had more than 50 drug discovery programs underway, and that it already had licensing agreements with several bigger players in the industry.
trading stocks online: Netlist, Inc.(NLST)
- [By Jim Robertson]
On Friday, our Elite Opportunity Pronewsletter suggested small cap data/memory solutions stocksNetlist, Inc (NASDAQ: NLST) as a long/bullish position for our short term portfolio:
trading stocks online: NewJersey Resources Corporation(NJR)
- [By Daniela Pylypczak]
New Jersey Resources Corp.(NJR) announced on Tuesday that it will raise its quarterly dividend rate by 5%.
The new quarterly dividend rate will be 42 cents per share, up 2 cents from the prior 40 cents per share rate. Annually, the dividend rate will now be $1.68 per share. The new rate will be effective with the dividend payable October 1, 2013 to shareholders of record on September 23, 2013.
Commenting on the increase, Chairman and CEO Laurence M. Downes noted “Our shareowners look to us year after year for consistent financial performance and a competitive return on their investment.he action taken today by our board of directors allows us to increase our dividend for the 20th time in the last 18 years. This is an acknowledgement of our team’s unwavering focus to provide exceptional value for our customers and shareowners.”
New Jersey Resources shares traded 0.06% lower during Tuesday’s session. Year-to-date, the stock is up 5.90%.