October 2020 Stocks: Financials, Real Estate, Industrials, IT And Pharma

The purpose of this article is to again look at what sort of companies may be appealing for purchase during October 2020. We’re still looking at a market that, for the most part, is overvalued. Despite this, there are significant opportunities available in several sectors. In this article, we’ll look through a few of these sectors and I’ll highlight the companies that I believe to be the most appealingly valued.

As always, it’s about the responsible allocation of investment capital, as best as I can see it in the market’s current position today. We’ll focus on 1-2 companies per sector. This allows me to mention both a grade-A quality, as well as undervalued, lesser-grade companies with a potentially higher yield (yet higher risk).

This article is of particular interest to those among you who feel they need to increase their exposure to the sectors of Finance, IT/Semis, Industrials, Real Estate,

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Here are the top finance stories of the day for October 9

Happy Friday!

The big news of the day was Morgan Stanley announcing plans to acquire investment manager Eaton Vance for $7 billion. We’ve got some great analysis on the news, so no point wasting any more time up here!

If you’re not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

We are also looking for nominations for our first-ever Rising Stars of Real Estate. Get all the details on how to apply here.

Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco


James Gorman, the chief executive of Morgan Stanley.

James Gorman, the chief executive of Morgan Stanley.

Joshua Roberts/Reuters


It’s been a big year for Morgan Stanley. 

Less than eight months after announcing plans to acquire discount brokerage E-Trade for $13 billion — and not even a week after closing the deal

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CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distribution for October

CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distribution for October

The Board of Trustees of the CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) (the “Fund”) has declared a monthly distribution of $0.05 per share for the month of October 2020. The following dates apply:

 

Declaration Date

Ex-Dividend Date

Record Date

Payable Date

October 2020

10-01-2020

10-19-2020

10-20-2020

10-30-2020

IGR’s current annualized distribution rate is 9.7% based on the closing market price of $6.19 on October 7, 2020, and 7.9% based on a closing NAV of $7.58 as of the same date.

Future earnings of the Fund cannot be guaranteed, and the Fund’s distribution policy is subject to change. For more information on the Fund, please visit www.cbreclarion.com.

The Fund’s monthly distribution is set by its Board of Trustees. The Board reviews the Fund’s distribution on a quarterly basis in view of its net investment

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3 Best Real Estate Stocks to Buy in October

Shaniqua Juliano

The commercial real estate sector has been under a lot of pressure this year because of the COVID-19 outbreak. Many tenants didn’t pay their rent on time, which impacted the cash flows of most landlords. However, collection rates have been improving in recent months, which has significantly enhanced most real estate companies’ cash flows.

While rental rates have bounced back, many real estate company stock prices haven’t recovered. Because of that, investors can pick up some great bargains this month. Leading the way are Brookfield Property (NASDAQ: BPY)(NASDAQ: BPYU), Kimco Realty (NYSE: KIM), and UDR (NYSE: UDR).

The problem is the stock price, not the yield

There has been a lot of concern about Brookfield Property’s dividend, which currently yields more than 10% following a roughly 25% slide in its stock price this year. Usually, a double-digit payout is a sure sign that a reduction is imminent.

However, Brookfield put

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Outdoor Contactless Children’s Book Collection Drive October 16th

Shaniqua Juliano

This post was contributed by a community member. The views expressed here are the author’s own.

Bernie's Book Bank Contactless Collection Drive
Bernie’s Book Bank Contactless Collection Drive (Mark Desardins, Wisdom Bridge Marketing L.L.C.)

New Trier Township and the Village of Glencoe are partnering on an outdoor contactless children’s book collection drive at the Glencoe (Southeast) Metra parking lot on Friday, October 16, 2020 from 10 a.m. until 2:00 p.m.

The book collection supports Bernie’s Book Bank, a Lake Bluff based non-profit organization that sources and distributes books to at-risk children throughout Illinois.

Dr. Alan Goldberg, New Trier Township Supervisor stated, “the challenges associated with the COVID-19 pandemic underscore the importance of getting books to children in need. We are grateful to Village Manager Phil Kiraly and his team for hosting this collection in Glencoe.”

Donors will be asked to enter the Metra lot located near the intersection of Green Bay Road and Park

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Second Half Real Estate Taxes In Wright County Are Due October 15

Shaniqua Juliano

October 2, 2020

Robert J. Hiivala, Wright County Auditor/Treasurer, would like to remind all County property owners that second half property taxes for real estate properties are due October 15, 2020.

If, for some reason, you cannot locate your 2020 property tax statement and would like to get an additional copy, or if you have questions regarding your second half taxes due, this information is available online on the County website. 2011 thru 2020 property tax statements are available for reprint. If you don’t have access to the internet, call the Wright County Auditor/Treasurer Department at 763-682-7572 or 763-682-7584 during regular business hours, Monday-Friday, 8:00 a.m. to 4:30 p.m.

Property taxes can be mailed and postmarked no later than October 15, 2020 to avoid being assessed a late penalty. If you are mailing, send to: Robert J. Hiivala, Wright County Auditor/Treasurer, 10 2nd Street NW, Room 230, Buffalo, MN 55313.

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River Market now offering outdoor dining on weekends through October

Shaniqua Juliano

Since the beginning of April, the Ottenheimer Market Hall in the River Market District has remained closed. 

River Market now offering outdoor dining on weekends through October

UP NEXT

UP NEXT

While those vendors wait for the doors to open back up, the River Market is trying to attract people to the area. 

We’ve seen it in Argenta and the SoMa District where they block off the streets and put out tables and chairs to help restaurants continue to survive.

RELATED: First night of SoMa Entertainment District brings hope to business owners

According to Director of River Market Operations, Diana Long, the opening date for the Market Hall is still unknown, but she hopes outdoor dining will boost morale on Clinton Avenue. 

“This is the year of making the best you can out of what you have,” she said. 

For the past six months, Long said the River Market

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Things to do in October

Shaniqua Juliano

October is the real start of autumn for much of our area, and if you are like me, you are looking forward to some cooler weather. However, this season can bring about some challenges as plants begin to prepare for the winter and seasonal droughts can leave things very dry.

Here are some tips to help you be successful in the garden this October:

Keep an eye on turf

With overall lower temperatures and shorter days, our warm season turfgrass species begin to go brown and dormant. This is completely normal and your turf will be back in the spring. If you want a green lawn through the winter, consider overseeding annual ryegrass seed when daytime temperatures are in the 70s. However, this will mean mowing more through the winter and irrigating as needed.

Some fungal turf diseases can also become more widespread in

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October garden chores mean you can’t put away gardening gloves just yet

Shaniqua Juliano

October has arrived and for many gardeners the cooler nights and shorter day length signal the end of another gardening season. Most will begin turning their thoughts to ordering garden catalogs or watching other people garden on television. But don’t put away your gardening gloves yet, there are still plenty of tasks to be completed.

Apply nitrogen to your cool season lawn around October 15. Cool season lawns, like fescues, do most of their growing in cooler temperatures and benefit from an application of 1 pound of nitrogen per 1000 square feet at least a couple of times in the fall; October 15 and November 15.

If you just reseeded your lawn, remember to keep the ground wet, but not soaked, until the grass seedlings emerge. Once your grass is growing, switch your watering schedule to less frequent applications but longer watering time. Your goal should be 1 to 2

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Lissie to play five outdoor October concerts at Icehouse in Minneapolis

Shaniqua Juliano

Lissie at Minnesota State Fair in 2018/ Star Tribune photo by Aaron Lavinsky

Lissie at Minnesota State Fair in 2018/ Star Tribune photo by Aaron Lavinsky

Lissie, a staunch Midwestern singer-songwriter who can handle fall weather, will play five outdoor concerts in five days this month at the Icehouse in south Minneapolis.

A favorite in the Twin Cities, the strong-voiced Quad Cities folk-rocker will kick her off “Autumn Escape” with two full band concerts on Oct. 11 (3 and 7 p.m.). Then on Oct. 13 and 14, she’ll perform solo at 7 p.m. Her band, which features some Minnesota musicians, will rejoin her on Oct. 15.

Tickets cost $50 to $65 at icehousempls.com and suemclean.com. Masks are required for entering and exiting. Seating will be socially distanced. Capacity is an intimate 65 people.

Known for such radio faves as “When I’m Alone” and “Best Days,” Lissie livestreamed a concert from Minneapolis’ Parkway Theater in July.

Older Post

Minnesota History Center reopens after months

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