Live Dividend Earnings: SCCO, FTV, KIM

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Stock Market Today Generic (Positive or Negative)

Published: February 7, 2025 11:14 am

Last Updated: February 7, 2025 2:53 pm

Live Updates

Tech Doldrums, Inflation Fears

2:53 pm

Nearly every sector is trading in the red as signs of inflation rearing its head once again combined with tariff threats dampen the mood on Wall Street. The Nasdaq is pressuring the broader markets today with a 1.4% drop and is headed for a weekly decline. Investors can blame Amazon stock, which is down over 4% today in response to yesterday’s earnings print.

Big Tech plans to pour $325 billion into AI capex in 2025, a group that in addition to Amazon extends to Meta (Nasdaq: META), Microsoft (Nasdaq: MSFT) and Google parent Alphabet (Nasdaq: GOOGL). Of the Magnificent 7, Meta is a rare gainer as it continues its winning streak and dances around its 52-week high. According to a report in The Information, Meta is planning job cuts that will become known on Monday. Last year, over 50% of the S&P 500’s turn was driven by the Magnificent 7 stocks.

There has been a flurry of analyst activity on Amazon stock, including the following updates:

Rosenblatt lifted its price target on AMZN to $287 with a “buy” rating, as did Deutsche Bank.
BMO raised its price target on the stock to $280 from $265 with an “outperform” rating attached.
UBS lowered its price target to $272 from $275 with a “buy” rating.
Truist raised its price target on AMZN to $270 from $265 with a “buy” rating.

The markets have succumbed to the headline pressure around inflation and tariffs, with all three of the major stock market indices trading in the red as of mid-morning. U.S. job growth slowed in January, but a pocket of strength could be found in the healthcare sector. Healthcare stocks are up today as a sector, with stocks like Eli Lilly (NYSE: LLY) and Viking Therapeutics (Nasdaq: VKTX) gaining ground. Eli Lilly is extending its gains following yesterday’s earnings report as the company continues to innovate its weight-loss drug offerings.

While Big Tech has been capturing the earnings spotlight, most recently Amazon (Nasdaq: AMZN), which is pressuring the Nasdaq today, they’re not the only ones reporting results this week. We’ve uncovered several dividend-paying stocks that are also on the earnings calendar that could pique investors’ interest.

Key Points

The markets have succumbed to inflation and tariff pressure, with all three of the major stock market indices trading in the red.
Amazon has been a negative catalyst, but Big Tech isn’t the only group reporting earnings this week.
We’ve identified several dividend-paying stocks that are on the calendar to report quarterly results today.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Down 287.13 (-0.64%)
Nasdaq Composite: Down 211.24 (-1.07%)
S&P 500: Down 42.13 (-0.69%)

Dividend Earnings Roundup

Southern Copper Corp (NYSE: SCCO), a copper miner, is up 4.4% on the day. With a market cap of $78 billion, Southern Copper pays a quarterly cash dividend of $0.70 per share, the most recent of which was declared in January. The company has a dividend yield of 2.96%, and its annual dividend amounts to $2.80 per share. The company is expected to report its quarterly results today and in its most recent quarter increased cash flow from operations by 37%.

Fortive Corp (NYSE: FTV) has a modest dividend yield of 0.40%. The stock is taking it on the chin today, down 1.6% in the wake of its quarterly earnings. Fortive’s quarterly cash dividend of $0.08 was last announced in January. While there aren’t frequent dividend increases, Fortive has been making its distributions steadily. The company reported its Q4 results today, with revenue of $1.6 billion missing consensus estimates. Fortive reported Q4 operating cash flow of $502 million and FCF of $465 million, a 13% year-over-year increase.

Kimco Realty (NYSE: KIM) boasts a dividend yield of 4.46%. This REIT, which operates grocery-anchored shopping strips, is flat on the heels of its latest earnings report, which included a 7% increase in funds from operation (FFO). Kimco’s outlook is in line with Wall Street’s expectations.

Plains All American Pipeline (Nasdaq: PAA), which owns and operates crude oil and NGL pipelines, is down 2.5% on the day after reporting earnings today. Plains All American has a high dividend yield of 7.6% and recently increased its distribution by 20% to $0.25 per unit. PAA is trading very closely to its 52-week high, and today’s selling could be in response to profit taking as adjusted EPS of $0.42 per share beat consensus estimates of $0.40 per share.

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