- Trump Media and Bitcoin soared, and Tesla and Dow Jones industrials got a boost, after assassination attempt.
- 10-year Treasury yield rose on anticipated rate cuts. The Federal Reserve Beige Book showed cooling inflation and slowing economic growth. The Dow Jones industrials, S&P 500, and gold hit new record highs. Retail sales were stronger than expected in June.
- Goldman Sachs and Morgan Stanley profits soared in the second quarter. Bank of America profits declined but were better than expected. United Airlines profits jumped. Netflix quarterly results were better than expected.
- Apple sales soared in India. Berkshire Hathaway hit a record high. Alphabet eyed a $23 billion acquisition. John Deere abandoned diversity initiatives. Warner Bros. Discovery mulled a breakup. Elon Musk said SpaceX and X would move from California. A CrowdStrike outage disrupted airlines, banks, and more.
Altria Group Inc. (NYSE: MO) and PepsiCo Inc. (NYSE: PEP) are among Dividend Kings to buy in July that can deliver huge passive income. These stocks have some of the highest payouts and the best share price entry points.
Want $18,000 in passive income to help combat inflation? Invest $15,000 in DHT Holdings Inc. (NYSE: DHT), Uniti Group Inc. (NASDAQ: UNIT), and these other stocks with generous dividends.
High-yield dividend champions to buy hand over fist now include AbbVie Inc. (NYSE: ABBV) and Exxon Mobil Corp. (NYSE: XOM). They pay among the highest dividends and are Buy-rated at top Wall Street firms.
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