|Day's Range||44.50 - 44.50|
The market may have some answers post-Fed decision, but things are still on edge.
Rising interest rates prompted many investors to rotate from dividend stocks toward higher-yielding fixed-income investments like bonds, T-bills, and CDs over the past year. Over the past two decades, a modest $3,000 investment in Taiwan Semiconductor Manufacturing (NYSE: TSM), Procter & Gamble (NYSE: PG), and Target (NYSE: TGT) would have blossomed into roughly $87,000, $17,000, and $23,000, respectively, if you had reinvested their dividends through a dividend reinvestment (DRIP) plan.
Coupang (NYSE: CPNG), a leading e-commerce platform in South Korea, reported its full-year 2022 earnings at the end of February. The company outpaced the overall retail industry in South Korea once again as it continues to put up impressive growth and margin expansion. As of this writing, shares of Coupang stock are down 72% since its first trading day, significantly underperforming the S&P 500 over that time span.