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Posted by
Two Blokes Jun 21 -
Filed in
Stock
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8 views
I am downgrading SPDR\u00ae S&P Dividend ETF to a hold due to flat performance and waning relative strength since last summer. Valuation remains unchanged with a P/E above 18x - cheaper than the S&P 500, but not a compelling bargain given a lofty PEG ratio. Technical momentum is weak, with shares under resistance and bearish RSI trends, despite historically strong July seasonality.
