The Thoroughbred Folio had a nice bounce last week along with the rest of the market. We also are starting to see a steady stream of dividends roll in. Which stocks deposited money into the Folio last week?
We received a very nice $1.22 dividend from Fifth Third Bancorp (FITB). Taking a closer look at FITB, the stock is currently yielding over 7%. The company reported earnings last week and profits had dropped 42%. Compared to most of the other banks, this number seems pretty good.
We also received $0.63 from General Electric (GE). Good old GE, you can always depend on them. GE’s former CEO, Jack Welch, is usually a guest on Squawk Box on CNBC at least once per month. He was on last week and basically asked why everyone was freaking out in this market. He has seen far worse during 1987 and again during the Internet bubble.
The Folio jumped back in a big way over the last week. After dipping to a historic low of -$252.88 (8.43%), the Folio now stands at -$106.45.
Our three winners this week are lead by Synovus (SNV). This company was in second last week, but has seen a strong rise. SNV is followed up by KyCorp (KEY) and VF Corp (VFC).
The three losers of the week are still lead by Total System Services (TSS). As some will recall, TSS was spun off from Synovus a few weeks back. We can see the rise in one and the decline of the other in the Folio. The real surprise this week is the lack of banks in our bottom three as McDonalds (MCD) and Automatic Data Processing (ADP) take the next two spots.
Thoroughbred Performance (Week 6 of 52): $106.45 (-3.55%)
Dividends To Date: $3.52
Top 3 Stocks
- Synovus Financial $5.82 (+17.20%)
- KeyCorp $9.29 (+12.39%)
- VF Corp $5.35 (+7.14%)
Bottom 3 Stocks
- Total System Services $6.80 (-16.53%)
- McDonalds $11.60 (-15.47%)
- Automatic Data Processing $8.89 (-11.85%)
Stocks used in this post:
- (ADP: 35.81, +2.90%, Yield: 3.33%)
- (FITB: 13.07, +20.24%, Yield: 10.86%)
- (GE: 20.86, -0.67%, Yield: 5.90%)
- (KEY: 11.98, +54.38%, Yield: 16.79%)
- (MCD: 56.19, -1.85%, Yield: 4.59%)
- (SNV: 9.86, +10.66%, Yield: 159.52%)
- (TSS: 14.84, +1.57%, Yield: 22.66%)
- (VFC: 59.17, -5.34%, Yield: 3.71%)
January 30th, 2008 at 2:05 pm
snv is sporting a 116% yield? WTF! its not one of those dodgy mortgage companies is it?
January 30th, 2008 at 2:18 pm
LOL, no. Unfortunately Yahoo! quotes is screwy sometimes. Synovus is a financial services company.