Investment Review – January 2018

January 10, 2018 Investment Review
Stack of coins

Stock indices continued their rise in December, at a more modest pace than in November. The Dow rose 1.8%, the Nasdaq Composite edged up 0.4% and the S&P 500 rose 1%. For the year, the three indices outpaced expectations and posted their best gains since 2013. The Dow Jones traded through milestone after milestone, closing out the […]

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Economic Outlook – January 2018

January 10, 2018 Economic Outlook
Positive Economic Trend Graph

The U.S. economy has maintained steady growth and the outlook remains positive. Third quarter gross domestic product (GDP) growth was 3.2%, its fastest pace in more than two years and the first time since 2014 that the economy experienced growth of 3% or more for two consecutive quarters. Estimates for 2018 call for GDP growth […]

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Investment Review – December 2017

December 11, 2017 Investment Review
Stack of coins

In November, particularly in the final trading days of the month, investors bid stocks higher on hopes that tax reform legislation would be passed in Washington. On a total-return basis including dividends, the S&P 500 benchmark index rose 2.2% over the course of November, extending its string of monthly advances to a record 13. Over the entire […]

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Economic Outlook – December 2017

December 11, 2017 Economic Outlook
Positive Economic Trend Graph

The U.S. economy’s pace of growth in the third quarter was raised to 3.3% from 3% under the government’s latest revision to gross domestic product. The government’s advanced report on wholesale inventories showed a 0.4% decline in October, while retail inventories slipped 0.1%. This trend indicates rising consumption. The U.S. exported far less food and […]

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Investment Implications of Dividend Reinvestment

November 20, 2017 Topics
investing with dividends text

The average annual compound return of the stock market from 1928-2016 was 9.5% per year1, while stock market prices, not including dividends, advanced at a rate of 5.5% per year1. Using these numbers, one might conclude that 58% of returns come from price appreciation (since 5.5% is 58% of 9.5%) and that 42% comes from dividends. […]

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Investment Review – November 2017

November 8, 2017 Investment Review
Stack of coins

October showed another month of gains for the major equity indices. The Dow Jones Industrial Average rose 4.3%, the Nasdaq Composite gained 3.6% and the S&P 500 added 2.2% during the month. Corporate reports for the third quarter are showing better than expected revenue and earnings growth with some effect from the hurricanes. With 80+% of […]

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Economic Outlook – November 2017

November 8, 2017 Economic Outlook
Positive Economic Trend Graph

U.S. Gross Domestic Product (GDP) grew at an annualized rate of 3.0% in the third quarter (Q3) of 2017. In Q3, hurricanes in various regions of the U.S. hurt economic activity, but that impact was offset by overall increases in consumer and business spending. Q3 GDP growth was further helped by increased demand for U.S. goods […]

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Supporting Local Radio: Maine Public

October 20, 2017 Announcements, Media
york maine photo

Our commitment to public media spans throughout New England. We are a proud supporter of Maine Public and recognize their value to all of Maine. We align ourselves with institutions having deep roots in the area, just as you do, and whose patrons are benefactors of these important resources. Below is a sample of our audio spot on Maine Public’s local radio: [NARRATOR] Morning Edition […]

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Investment Review – October 2017

October 6, 2017 Investment Review
Stack of coins

The major U.S. stock indexes gained in September. The Dow Jones Industrial Average increased by +2.1%, the S&P 500 was up +2.1% and the Nasdaq Composite advanced +1.1%. Third quarter earnings estimates are likely too low with earnings estimates rising just +3.7% on expected revenue growth of 4%. Stocks began to rally mid-August as better […]

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Economic Outlook – October 2017

October 6, 2017 Economic Outlook
Positive Economic Trend Graph

GDP growth has been fairly robust. According to the Commerce Department, the economy grew at the fastest rate in two years during the second quarter when the GDP growth rate increased to +3.1%. The Atlanta Fed GDPNow model forecast third quarter growth would be even higher. The model forecast is real-time, updating to reflect each major […]

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