Friday Email: 01 February 2013
Every Friday morning our lead analyst Mark Riding sends out his weekly run-down and upcoming events in the investor calendar, like this one:
The markets have been pretty good again this week, but I am starting to feel that a correction is due.
We have cashed in some of our biggest gainers in the DividendMax trading portfolio which is now about 30% cash.
The U.S. payroll figures later today take on extra significance as there is little room for disappointment. I remain bullish for the year as a whole and am starting to wonder if the bear market cycle that began in 2000 could be nearing its conclusion.
If so then the market could easily re-rate 50% and with earnings growth this could lead to much higher stock prices over the coming decade as a long term bull market develops.
That's not to say that I would look to capital growth over dividends. The two go hand in hand as a companies ability to deliver dividend growth relies inherently upon earnings growth and the dividend is an essential part of the overall return.
On an individual stock level this week, I was impressed with the BskyB numbers on Thursday and of course the accompanying 20% dividend rise.
Next week sees heavyweights B.P. and Glaxo Smithkline's numbers as the U.K. reporting season starts to pick up pace.
The Friday email is delivered to over 20,000 subscriber’s every week, and remains a widely read run-down of recent events and what investors can expect in the week ahead written by our chief analyst Mark Riding.
It’s included as part of the free DividendMax trial.
Read next: 25 January 2013
The markets have been very bullish again this week. The FTSE rose another 1% yesterday.
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