|Bid||200.01 x 1100|
|Ask||229.87 x 1300|
|Day's range||219.29 - 223.40|
|52-week range||177.73 - 232.64|
|Beta (5Y monthly)||0.46|
|PE ratio (TTM)||32.92|
|Earnings date||09 Feb 2022|
|Forward dividend & yield||3.60 (1.61%)|
|Ex-dividend date||27 Dec 2021|
|1y target est||234.25|
(Bloomberg) -- Michael Spencer, the billionaire behind one of the world’s biggest financial brokerage fortunes, cut his stake in CME Group Inc. as its shares rebounded following the global outbreak of Covid-19.Most Read from BloombergCannabis Compounds Prevented Covid Infection in Laboratory StudyFrequent Boosters Spur Warning on Immune ResponseSupreme Court Blocks Biden’s Shot-or-Test Rule for WorkersSay Goodbye to Self-Isolating, WFH Mandates, Mass TestingDjokovic’s Australian Visa Canceled Ag
The economic story of the past few months has been inflation, which is rising at its highest level in over a decade. Exacerbated by pandemic-driven supply chain bottlenecks, inflation has driven up the price of everything from real estate to lumber. To respond to inflation, the Federal Reserve is taking measures that will push up interest rates.
With the stock market still trading around record levels and interest rates exceptionally low, finding yield in the current market is tough. Right now, some of the highest-yielding stocks are in the mortgage real estate investment trust (REIT) space; however, that sector is risky given that the Fed is going to raise interest rates and vastly reduce its purchases of mortgage-backed securities. Here are some REITs that have a decent yield and are either highly safe or will benefit from the current rise in commodities and real estate.