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Yahoo BusinessAug 06, 2020
Wells Fargo: These 3 High-Yield Dividend Stocks Have Double Digit Upside
The stock markets have been having a string of good days, as earnings season has been a bit less grim than expected. While aggregated revenues are down nearly 10% year-over-year, many companies have been clearing the lowered expectations bar. Writing from Wells Fargo on the current mood and prospects, equity strategist Chris Harvey describes the situation as a ‘melt up.' He sees room for another 5% growth in the S&P 500 by year's end.Harvey specifically noted that two policies put in place to support the economy against the corona virus shutdowns have had a boosting effect on the stock markets as well. The severe cutback in interest rates by the Federal Reserve and a spree of corporate bond buying both increased the relative value of stocks.The result has been a buying spree. Investors have pushed the S&P 500 to within its February pre-crash levels, and the NASDAQ has been setting new records since the end of June. Harvey's advice for investors? "Enjoy the ride while it lasts," but expect "less-stable markets" at the end of the year.In the meantime, Harvey's colleagues at Wells Fargo have pointed out several stocks that are not just poised to make gains, but are also showing dividend yields in excess of 4%. It's an unbeatable combination for income-minded investors: share appreciation and high-yielding dividend returns.We've pulled three of Wells Fargo's stock recommendations from the TipRanks database, to find out what else makes them compelling buys.First Horizon (FHN)The first stock o

Dismal.com: AnalysisAug 06, 2020
U.S. Unemployment Insurance Claims Point to Ongoing Job Growth in July
A reduction in jobless claims is providing renewed optimism that the labor market is improving.

MarketWatch MarketPulseAug 06, 2020
Papa John's stock falls after earnings beat but revenue falls short
Shares of Papa John's International Inc. fell 2.2% in Thursday premarket trading after the pizza delivery chain reported second-quarter revenue that was below expectations. Net income totaled $15.7 million, or 48 cent per share, up from $4.9 million, or 15 cents per share, last year. Revenue totaled $460.6 million, up from $399.6 million last year. Sales for the quarter reached a record, according to a statement from Chief Executive Rob Lynch. The FactSet consensus was for EPS of 47 cents and revenue of $467.0 million. North American comparable sales rose 28% while international comparable sales were up 5.3%. The FactSet consensus was for domestic growth of 11.1% and international growth of 3%. Papa John's hired 20,000 workers during the quarter and will add another 10,000. Papa John's stock has rallied 57% for the year to date while the S&P 500 index [s:s px] is up 3% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



NYTimes BusinessAug 05, 2020
Digital Revenue Exceeds Print for 1st Time for New York Times Company
The pandemic squeezed advertising for the web as well as print, but subscription growth was the best ever for a quarter.

Accounting TodayAug 05, 2020
Private sector added 167,000 jobs in July, says ADP
Job growth slowed in July as a result of the novel coronavirus pandemic.
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