Fun Fact #46
Since a stock price drops the same amount as the dividend declared, you may be wondering why companies even give out dividends at all. I recently learned in my accounting class that dividends are a “signal” that the company is financially healthy.
Growing dividends = healthy company. It’s as simple as that!
If SPY can sustain the breakout above 271, we will likely see a test of the resistance zone from 275-280.
BABA continues to have trouble pushing through the resistance zone from 197.5-200. An upward break above 200 might send the stock soaring above 205. I expect some profit taking soon.