Fast Money Blog- 3/19/2021

This week once again we saw stocks in the U.S. stock market remain in a holding pattern. This holding pattern is due in part to the market’s fear of a Federal Reserve interest rate hike.

Earlier this week the Federal chairman tried to calm the market by declaring that the Fed will not raise interest rates until the see a substantial amount of measurable inflation.

Here are 3 stocks that have been holding nicely in their one month trading range:

S&P 500 component Mastercard Corporation (MA) closed at $333.00 per share on Feb. 19th and closed at $357.51 on Mar. 19th

Dow component Visa, Inc. (V) closed at $204.73 per share on Feb. 19th and closed at $206.90 on Mar. 19th

S&P 500 component Starbucks Corporation (SBUX) closed at $103.37 per share on Feb. 19th and closed at $106.34 per share on Mar. 29th

Again these stocks are in a trading range and not declining so that’s a good sign.

You’ll notice that most dividend paying stocks are holding their own during this brief period of uncertainty.

The good news is that I expect dividend paying stocks to break out of their trading ranges as corporate earnings are released within the next 30 days.

Stay patient! Stay disciplined!

Tyrone Jackson

The Wealthy Investor