A nice rally for Asian stocks today. Nikkei up +1,77% to 14,475 points. Hang Seng is up +1,91% to 21,846,45 points. Gold and Silver is down and European stocks are in the same direction; in a red territory today.
U.S indices will open up today, and many investors are now bullish on AT&T. The investors have not been that bull since Apple chose AT&T as exclusive carrier for their original iPhone. The stocks dividend payout will lure income investors searching for yield.
So far this year has been bad for the shareholders at AT&T. The shares sank 9,2% in January and February and that is the worst start to a year since 2010. AT&T have like other in the same business faced increased price competition in the mobile market.
The drop pushed the dividend payout to the highest among the 30 stocks in the Dow. The average yield of stocks in the S&P 500 is about 1,9%, while 10-year Treasuries (USGG10YR) have paid an average of 2,52% in the past year.
|09:45 AM ET||Flash Manufacturing PMI|
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