In first half 2020, COVID-19 fallout triggered the sharpest global economic and stock market plunge on record. Now relaxing of pandemic control measures has raised hopes for an equally dramatic recovery the rest of the year.
China was first hit by the virus and first to take control of its spread. And while certainly not back at 100 percent, its economic rebound is picking up speed.
That’s not only good news for Aggressive Holdings China Mobile (HK: 941, NYSE: CHL) and CLP Holdings (HK: 2, OTC: CLPHY). It also bodes well for durability of green shoots we’re seeing in America, including signs of steadying power demand reported by Utility Report Card electric utilities.
The trio of dividend cuts I highlight in this month’s Endangered Dividends List does sound a clear warning that not every company is out of the woods as yet. And with 40 S&P 500 companies suspending dividends already in 2020 along with 18 other cutters, odds are there’s more damage coming.
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