Stocks sensitive to sudden changes in interest rates fell Tuesday as treasury yields neared two-year highs. Rising yields have also pressured shares of riskier high-yielding dividend stocks downwards as they have begun to lose their appeal amongst investors as sources of investment income. On Tuesday, the yield on the 10-year Treasury note spiked to 2.71 percent, compared to 2.62 percent on Monday. Yields appeared to have been lifted from positive economic news from Germany and an upbeat U.S. July sales report.
Ameren Corp. (NYSE: AEE) shares traded in the range of $34.94 to $35.29 Tuesday before settling to close at $35.05, a decrease of 0.40 percent. The stock appears to be facing some resistance at the $35.16 and $35.43 levels with some support at $34.91. The company currently offers investors an annual dividend of $1.60 per share for a yield of approximately 4.5 percent.
More information on Ameren and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AEE
Atlantic Power Corp. (NYSE: AT) shares traded in the range of $4.12 to $4.26 Tuesday before settling to close at $4.12, a decrease of 3.06 percent. The stock appears to be facing some resistance at the $4.46 and $5.05 levels. The company currently offers investors an annual dividend of $0.40 per share for a yield of approximately 9.7 percent.
More information on Atlantic Power and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AT
Exelon Corporation (NYSE: EXC) shares traded in the range of $30.33 to $30.85 Tuesday before settling to close at $30.42, a decrease of 1.07 percent. The stock appears to be facing some resistance at the $31.21 and $32.37 levels with some support at $30.40. The company currently offers investors an annual dividend of $1.24 per share for a yield of approximately 4.0 percent.
More information on Exelon and access to the free equity report can be found at:
www.WallStreetFundamentals.com/EXC
Just Energy Group, Inc. (NYSE: JE)(TSX: JE) shares traded in the range of $6.42 to $6.66 Tuesday before settling to close at $6.45, a decrease of 2.31 percent. The stock appears to be facing some resistance at the $6.56 and $6.80 levels with some support at $6.15. The company currently offers investors an annual dividend of $0.84 per share for a yield of approximately 13.0 percent.
More information on Just Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JE
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