Nasdaq AMZN Amazon

Amazon (AMZN) closed the last trading session at $131.84, gaining 2.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean

For Immediate Release

Below is Validea's guru fundamental report for AMAZON.COM, INC. (AMZN). Of the 22 guru strategies we follow, AMZN rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhi

After a great start to 2023, Wall Street started to waver in the second half as the inflation is still hot and rates are likely to remain higher for longer. Though the initial part of this week was favorable for Wall Street, stock

The stock market clocked a number of impressive days lately, with many stocks that have been beaten down heavily over the last year raking in gains for patient investors.

An economic downturn in 2022 dragged down countless stocks, with the Nasdaq Composite tumbling 33% throughout the year. However, the market has enjoyed a solid recovery in 2023 alongside easing inflation. The index has climbed 29% since Jan. 1.

Launched on 01/27/2004, the Vanguard Large-Cap ETF (VV) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.

If you're interested in broad exposure to the Large Cap Blend segment of the US equity market, look no further than the Engine No. 1 Transform 500 ETF (VOTE), a passively managed exchange traded fund launched on 06/22/2021.

The Invesco S&P 500 Top 50 ETF (XLG) was launched on 05/04/2005, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.

For many Americans, paying the mortgage bill is by far the largest expense they deal with each month. While home prices and other factors (like property taxes) vary widely from state to state, the National Association of Realtors reports that the average monthly mortgage payment for a 30-year fixed mortgage in the United States is now a hefty $2,317. However, what if you could pay for this large, recurring monthly expense with passive, recurring monthly income from your investment portfolio?   One way to do this would be through a high-yield, monthly-dividend ETF like the popular JPMorgan Equity Premium Income ETF ( NYSEARCA:JEPI) . This ETF pays a dividend each month and its dividend yield is currently 10.2%, making it an investment instrument that is well-suited to pursuing this goal. Let’s walk through the idea of paying this large, recurring bill with recurring dividend income and the steps it would take to get there.   Monthly Dividends Before diving into the specifics, let's first touch on what JEPI's strategy is. This is a $28.5 billion ETF from JPMorgan ( NYSE:JPM ) that launched in 2020 and has quickly gained popularity on its way to becoming the largest actively-managed ETF in the market today. According to JPMorgan, JEPI “generates income through a combination of selling options and investing in large-cap U.S. stocks, seeking to deliver a monthly income stream from associated option premiums and stock dividends.” Additionally, JEPI seeks to “deliver a significant portion of the returns” of the S&P 500 ( SPX ) with less volatility. While most dividend stocks pay out a dividend on a quarterly basis, JEPI pays them monthly, so its payout schedule aligns nicely with our objectives of making a monthly mortgage payment.  Double-Digit Yield  It should be noted that JEPI’s dividend payout can vary from month to month, but it currently yields an attractive 10.2%. Using the last 12 months’ payments, which range from $0.29 to $0.61 cents, we can simplify things by saying that the average dividend payment works out to $0.46 per month. To reach $2,307 in monthly dividend payments from JEPI to pay off the average mortgage, an investor would need to buy 5,016 shares of the ETF. At a current price of $54.49, this would come out to an investment of $273,321.84.  While this is a large amount for the average individual investor to accumulate, it shows that an investor could theoretically pay their mortgage each month using passive income from a high-yield dividend ETF like JEPI.  Diversification An advantage of using a dividend ETF JEPI to pay a monthly mortgage payment versus a dividend stock is that while it is a single security, it reduces single-stock risk because this income-oriented ETF owns 120 stocks.  JEPI is further diversified in that its top 10 holdings make up just 17.6% of the fund, so it doesn’t leave investors overexposed to just one or two stocks. In fact, no position has a weighting of more than 2%.  Below, you can take a look at JEPI’s top 10 holdings using TipRanks’ holdings tool. JEPI’s portfolio contains a wide variety of large-cap, blue-chip U.S. stocks, ranging from tech stocks like Amazon ( NASDAQ:AMZN ), Microsoft ( NASDAQ:MSFT ), and Adobe ( NASDAQ:ADBE ) to dividend mainstays from the consumer staples sector like Coca-Cola ( NYSE:KO ), Pepsi ( NYSE:PEP ), and Hershey ( NYSE:HSY ). Additional Considerations While the idea of "setting and forgetting" your mortgage payment with a dividend ETF like JEPI is certainly appealing, there are some additional items investors should consider before considering an idea like this. Though it’s certainly possible to build up a large position of ~$273,000 in one security and use the dividend payments from this ETF to pay your mortgage, you generally want to avoid putting all of your eggs in one basket. Yes, JEPI is diversified, but investing this much in one security could still leave you with a lot of exposure to just one investment vehicle, which could backfire if something goes wrong. Over the long term, it’s probably preferable to build a diversified portfolio of at least 15-20 stocks to build long-term wealth. There is also the JEPI-specific consideration that investors could miss out on long-term capital appreciation by investing such a large amount in this type of ETF. By selling covered calls, JEPI runs the risk of leaving upside on the table as the market rises. Selling covered calls caps an investor's upside at a certain point because if the price of the underlying stock rises beyond the strike price of the option, JEPI investors forgo the additional gains. It should also be noted that if an investor has accrued this much capital to put into an investment like JEPI, they may also be able to simply pay the mortgage off all in one fell swoop and eliminate the concern of making monthly payments altogether. Conversely, a mortgage can also give homeowners a tax break, and if they have a low interest rate locked in for their mortgage, they may not want to pay it off. Even if an investor could theoretically pay off their mortgage all at once with the principal that they are allocating to JEPI in this exercise, I still like the idea of remaining liquid and maintaining optionality by keeping the large position in JEPI and paying for the mortgage on a monthly basis. Is JEPI Stock a Buy, According to Analysts? Turning to Wall Street, JEPI earns a Moderate Buy consensus rating based on 103 Buys, 17 Holds, and zero Sell ratings assigned in the past three months. The  average JEPI stock price target of $142.66 implies 14.4% upside potential. Starting with a Single Step This strategy might not be right for everyone, but it shows what you can achieve by saving, investing, and building up positions in dividend ETFs. While accruing over $273,000 to achieve this goal might sound daunting at first, the largest journeys begin with a single step. Allocating over $273,000 to JEPI sounds like a lot, but what if you could allocate $5,000 to start receiving ~$50 in dividend payments each month or put in $10,000 and start receiving $100 in monthly payments? By starting a position, reinvesting the monthly dividends, and adding a bit more to your position each month, you can eventually achieve this goal. The added bonus is that even if you don't have enough to receive the $2,307 needed to pay the full monthly mortgage, any passive income coming in from investments to help you pay for it (or pay for other expenses) is an added bonus and gives you a nice helping hand. Disclosure

Ecuador's government will honor the result of a referendum to block oil operations in the Amazon, which will see machinery removed within a year, the government said on Thursday.

Amazon.com is in early talks with Walt Disney Co about working on the streaming version of ESPN it is developing, while possibly also taking a minority stake in the sports network, the Information reported on Thursday, citing people familiar with the matter.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -1.35%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.19%. Stocks on Thursday gave up a morning rally and...

Alphabet’s GOOGL division Google continues to make strong efforts to bolster its footprint in the streaming world on the back of Google TV.This is evident from its drive to expand the free streaming lineup on Google TV. The compan

Amazon (AMZN) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings es

Investors in Amazon.com Inc (Symbol: AMZN) saw new options become available today, for the October 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AMZN options chain for the new October 6th contracts and identified one put and one c

Roku ROKU and CBC have introduced CBC Gem, the national public broadcaster's streaming service, on the ROKU platform in Canada. CBC Gem offers a range of vital Canadian series and a thoughtfully curated assortment of renowned glob

Investing is a powerful tool for building wealth. It's probably easier than you think to retire a millionaire -- especially if you get started early.All you need is a reliable exchange-traded fund (ETF) with low annual expenses, some starting capital, a firm commitment to adding

On August 24, 2023 at 10:19:57 ET an unusually large $1,491.10K block of Call contracts in Amazon.com (AMZN) was sold, with a strike price of $130.00 / share, expiring in 57 day(s) (on October 20, 2023). Fintel tracks all large options trades, and the premium spent on this trade

A “shakeout” refers to a sudden and sharp decrease in the price of a stock or market, followed by an equally quick recovery. The shakeout phenomenon is characterized by the initial plunge in the stock, which causes panic selling a