Image Source: PixabayWhile investors were closely monitoring Federal Reserve Chair Jay Powell’s updates on the Fed’s monetary policy approach and preparing for the February employment data that was released on Friday, I was keeping my eye on SLR Investment Corp. (SLRC) as a buy, explains Bryan Perry, editor of Cash Machine.Both events and some negative news surrounding three of the not-so-Magnificent Seven – Apple (AAPL), Alphabet (GOOGL), and Tesla (TSLA) – were giving investors a reason to lighten up on some big-cap tech exposure. But there is strong rotation in other market sectors, namely industrials, materials, and non-bank financials.This is a very healthy development for the bull market to extend higher while providing confirmation that the economy is on better footing than most market strategists were forecasting. The current estimate of the economy growing at around 3% for the first quarter supports the base case, a market that can rally by another 8%-10% by year’s end.But not without days like Tuesday, when some air came out of the Artificial Intelligence (AI) balloon, and deservedly so. The great majority of the Cash Machine model portfolio is trading very well against a market landscape that has seen bond yields back up.
SLR Investment Corp. (SLRC)
The blended portfolio is more geared toward an economy that will continue to expand at a slow pace, with interest rates staying higher for longer.As for SLR Investment Corp., it recently posted Net Investment Income (NII) of $0.44 per share, beating estimates by $0.01. Revenue of $59.59 million beat by $0.12 million as 2023 loan originations reached a record high. It was the fourth straight quarter of NII growth with the Net Asset Value (NAV) climbing to $18.09 per share.SLR Investment Corp. made $449.8 million in investments during the quarter versus $346.3 million in Q3. Investments prepaid and sold during the quarter amounted to $462.1 million versus $306.8 million in the prior quarter. The company declared a $0.41-per-share quarterly dividend.My recommended action would be to consider buying shares of SLRC.
About the Author
For over a decade, Bryan Perry has brought his expertise on high-yielding investments to his Cash Machine subscribers. Before launching the Cash Machine advisory service, Bryan spent more than 20 years working as a financial adviser for major Wall Street firms, including Bear Stearns, Paine Webber, and Lehman Brothers.Bryan co-hosted weekly financial news shows on the Bloomberg affiliate radio network from 1997 to 1999, and he’s frequently quoted by Forbes, Business Week, and CBS’ MarketWatch. He often participates as a guest speaker on numerous investment forums and regional money shows around the nation.With over three decades of experience inside Wall Street, Bryan has proved himself to be an asset to subscribers who are looking to receive a juicy check in the mail each month, quarter, or year. Bryan’s experience has given him a unique approach to high-yield investing: He combines his insights into dividend-paying investments with in-depth fundamental research in order to pick stocks with high dividend yields and potential capital appreciation.With his reputation for taking complex investment strategies and breaking them down to easy-to-understand advice for investors, Bryan also has several other services. His other services range from products that generate a juicy income flow to quick capital gains by using a variety of other strategies in his Premium Income PRO, Quick Income Trader, Breakout Profits Alert, Micro-Cap Stock Trader, and Hi-Tech Trader services.More By This Author:KLA Corporation’s Technicals Trigger A Strong Alert
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