Stock Alert: BCE
Pick from two investments:
i) Schwab money market fund for 5.3% or
ii) one of three telecom giants paying 8.98% in dividend yield.
I posted this question on March 18, 2024 with the intent on investing $100,000.
Answer: i) MMFs.
What happened?
Company ii is fighting with its Federal government. Executives paid themselves a sweet bonus amid firing 9% of its staff.
Most importantly, oil prices are up, GDP revisions are up, and this Friday's job report will come in hot. Interest rates are not going down three times.
Fun fact: JPM modelled six rate cuts in its NII forecast.
Reminder on BCE Bearish Rating:
BCE Chart:
Above: Recent price change. Performance does not show the over 30% in losses avoided. We make money by never letting go of winners while dumping losers.
Actual: BCE rated a SELL for several years. Fortunately, we did not own this stock before interest rates started rising.
The stock is about to trade at the second tranche buy price (not shown).
BCE trades at a 16% discount. Readers may run this report for free for 14 days on Stock Rover.
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