By: Dividend Sensei
REIT’s, one of our largest sectors, had a down week (0.5%) after 3 straight weeks of gains.
However, interestingly enough, our REITs, despite mostly beating earnings expectations, a stable economic growth outlook, and interest rates hovering around the low 2.23% to 2.27% range (with very little volatility), have marched steadily downwards.
This unexpected and perplexing pattern has granted us more buying opportunities which we always love.
Meanwhile energy prices have pulled back a bit, though remain around $49 to $50, however, like REITs, many of our favorite energy holdings have dipped, especially Helmerich & Payne, which we have steadily added to.
Earnings disappointments (despite continued continued strong growth) has also allwoed us to further add to some of our favorite growth names, such as MercadoLibre (MELI), which plunged 10% post earnings despite top and bottom line growth of better than 50%.