Dogs of the Dow hang close to overall market

Chevron is in positive territory, while Verizon is in the red

Both Chevron (CVX) and Verizon (VZ) are badly trailing the overall market, with Verizon actually trading in the red on the year. CVX has made three dividend payments so far this year, which helped the position appreciate 4.7%, without the dividends the stock would be up just 1.9%, which shows just how important dividends are to the overall strategy. VZ has already made all four of its payments this year, and even with the distributions the position is down 5.4% on the year. Oil prices have firmed, which has helped CVX, and the stock will get a chance to move higher when the company reports its third-quarter numbers on October 27. VZ missed its earnings estimates in January and April, before reporting in-line results in July. The company will next report on October 19, and a strong report will help push the stock closer to break-even on the year, but another miss would result in the stock resuming its downward trend.

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Charts courtesy of www.stockcharts.com

Michael Fowlkes

Michael Fowlkes

Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.

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