BEST IDEAS NEWSLETTER

Recent data points from earnings releases in the past couple weeks have created a cloud of uncertainty over our outlook on fourth-quarter earnings season. But we believe our portfolio is well-positioned within pockets of strength in the global economy and littered with paid-to-wait dividend-yield opportunities that will benefit once short-term, temporary issues inevitably pass.   First, let’s talk about trends impacting our aerospace exposure, which remains our largest industry weighting in the portfolio by far. Just this week, Southwest Airlines (LUV) announced one of the largest orders for planes in aerospace history, tying up a $19 billion deal (at list prices) with Boeing (BA) for delivery of over 208 narrowbody aircraft, including 200 of Boeing’s upgraded 737, the MAX. This … Read more