The bulls are still in the drivers seat on Wall Street as stimulus hopes on both sides of the Atlantic Ocean are keeping confidence levels elevated despite lackluster fundamental data. The latest monthly employment report at home managed to beat expectations, and the data revealed that the labor market recovery is still sluggish at best; nonetheless, stocks are still charging higher as investors have embraced the latest round of interest rate cuts from the European Central Bank and the Reserve Bank of Australia [for more news and analysis subscribe to our free newsletter].
In early 2010, British Petroleum (BP) was at the center of one of the worst oil spills in U.S. history, as an explosion on the Deepwater Horizon rig caused millions of gallons of oil to flow into the Gulf claiming 11 lives. Also involved were Transocean (RIG) and Halliburton (HAL), with each company doing their best to escape the weight of the charges. As BP goes on trial, along with Transocean and Halliburton, its stock has been taking a hit as investors hold their breath for the outcome [for more oil news and analysis subscribe to our free newsletter].
Over the years, value investing has emerged as one of the favorite strategies for a number of individuals and advisors. A steady stream of income that dividends provide can help protect a portfolio from market dips as well as adding an inflation hedge. The methodology has become so popular that some investors swear by it and are uneasy about making allocations to anything that lacks an important dividend yield. Many feel that value principles conflict with the commodity space; when someone thinks of commodity investing, they typically think of active trading of futures contracts or exchange traded products. But there are a number of securities that may be overlooked [see also Dividend Special: Top Companies In Every Major Commodity Sector].