Friday Email: 26 May 2017
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 FTSE 100 has had a fairly good week and is currently trading above it's all time closing high of 7522 reached on May 16th. The sell in May adage has not happened this year and it is looking increasingly likely that it will not happen with only 3 trading days left in May including today.
The past week saw a surprisingly large number of companies reporting and there were some very good dividend increases; Homeserve (20%), Cranswick (19.7%), SSP (28%) and Euromoney Institutional Investor (26%). In the main, results and dividend declarations were solid, not spectacular.
The week ahead is shortened by the Spring bank holiday and in sharp contrast to the past week is very very quiet on the reporting front. However from an ex-dividend perspective, it is a very busy Thursday and there are 3% plus single dividends being paid by Marks and Spencer, DFS, Taylor Wimpey and Moss Bros.
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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.
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Read next: 19 May 2017
The FTSE 100 has broken records this week as it flew through 7500. I continue with my (so far justified) bullish view on the market for the time being in spite of the inflation spectre which I talked about some weeks ago as being an acceptable 'evil' given the inevitable imported inflation as a result of the currency devaluation post the Brexit vote. In spite of the political troubles in the US, the FTSE 100 remains up over 50 points on the week.
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