Last week only Home Depot moved up a spot on the Most Watched Stocks List.
This week, Home Depot again moved up a spot along with fellow big-box retailer Wal-Mart and “Big Brown” UPS. November 24 was ‘Black Friday in the U.S., which is the most important day for the retail industry in the U.S., since approximately 30% of sales for the industry occur between that day till the end of the year. 2017 saw more online shoppers than shoppers visiting a physical store. According to RetailNext Inc., foot traffic fell 4% compared to 2016, while online shopping was up 18% compared to last year.
It comes as no surprise that UPS had started moving up the list before Black Friday. UPS was ranked 31st on September 26th, whereas it is 29th today. UPS and FedEx are both major players in the logistics business that deliver online orders to your doorstep. UPS outshines FedEx on the market-cap and dividend-yield front. UPS is a top 30 stock on the list, while FedEx doesn’t even feature in the top 100.
Meanwhile, UPS, along with railroads and airlines, is set to benefit from the corporate tax overhaul. The bills that are passed by the House of Representatives and the Senate are expected to cut the corporate tax rate from 35% to 20%. At the same time, CAPEX can also be expensed by companies allowing them to show less profits, leading to lower tax dollars being paid.
Our Most Watched Stocks List is a user-generated, interest-based ranking of dividend-paying stocks, giving you a real-time snapshot of buying interest in the market. Generated by our Premium members’ watchlists, it’s aggregated and ranked by the most watched criteria.
The list has been designed to help income investors navigate the top dividend stocks being tracked by one of the world’s most advanced investing communities.