Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Energy Transfer (NYSE: ET ) is a $60 billion midstream company, one of the most valuable midstream companies in the world. The company has seen its share ...

Core Insights - The current market environment is favorable for income investors, particularly due to increased caution surrounding dividend stocks, leading to a significant accumulation of cash in money market funds [2]. Group 1: Investment Focus - iREIT+HOYA Capital emphasizes income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging opportunities [1]. Group 2: Market Conditions - There is a record amount of cash in money market funds, indicating investor hesitance and a shift towards more defensive investment strategies [2].

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Core Viewpoint - Shares of Hess Midstream LP (NYSE: HESM) dropped 10% following a disappointing guidance update, erasing all gains made over the past year [1] Group 1 - The stock's decline indicates investor reaction to the company's updated guidance, which was not well received [1] - The drop in share price has eliminated the previous year's rally, reflecting a significant shift in market sentiment towards the company [1]

Group 1 - Enterprise Products Partners L.P. (NYSE:EPD) is recognized as a major player in the midstream energy sector, consistently generating reliable cash flow even during economic downturns such as the 2007–2009 financial crisis, the 2015–2017 oil price downturn, and the COVID-19 pandemic from 2020 to 2022 [2][3] - The company's stability is attributed to its business model as a limited partnership, managing over 50,000 miles of pipelines that transport crude oil, natural gas, and natural gas liquids (NGLs) across the US, which tends to perform well during recessions [3] - Approximately 90% of EPD's long-term contracts include escalation clauses tied to inflation, reducing the risk posed by inflation [3] Group 2 - Data centers supporting artificial intelligence (AI) applications represent a significant growth opportunity for EPD, as these facilities require substantial electricity, with natural gas being a primary fuel for power plants meeting this demand [4] - EPD has a strong dividend history, having increased its payouts for 27 consecutive years, currently offering a quarterly dividend of $0.545 per share and a dividend yield of 6.88% as of September 19 [5]

Group 1 - The market is experiencing upward momentum, primarily driven by big tech, leading to a portfolio tilt towards growth stocks, which may not be sustainable long-term [1] - It is advisable to gradually incorporate income-paying positions to balance portfolios, utilizing dollar-cost averaging for consistent investment [2] - The Schwab U.S. Dividend Equity ETF focuses on quality companies with strong balance sheets and growing dividends, tracking the Dow Jones U.S. Dividend 100 Index [4][5] Group 2 - The Schwab U.S. Dividend Equity ETF has a portfolio of approximately 100 companies, primarily in consumer staples, healthcare, and financials, yielding close to 4% [5][6] - Over the past decade, the ETF has returned over 12% annually, outperforming many value funds, with a low expense ratio of 0.06% [6] - The Alerian MLP ETF offers exposure to midstream energy companies structured as master limited partnerships, providing high yield without direct exposure to oil and gas price fluctuations [9]

Market Overview - U.S. stocks experienced gains, with the Nasdaq Composite increasing by approximately 100 points on Friday [1] - The Dow rose by 0.34% to 46,297.65, the NASDAQ increased by 0.45% to 22,572.34, and the S&P 500 gained 0.31% to 6,652.30 [1] - Consumer discretionary shares saw a rise of 0.8%, while energy stocks fell by 1% [1] Company Performance - Lennar Corp. reported weaker-than-expected third-quarter results, with adjusted earnings of $2 per share, missing the consensus estimate of $2.10 [2] - Quarterly revenue for Lennar was $8.81 billion, falling short of the Street estimate of $8.99 billion [2] Commodity Market - Oil prices decreased by 1.2% to $62.80, while gold prices increased by 0.3% to $3,690.40 [5] - Silver rose by 1.1% to $42.575, and copper saw a slight increase of 0.2% to $4.6080 [5] European Market - European shares were mostly higher, with the eurozone's STOXX 600 rising by 0.06% and Spain's IBEX 35 Index increasing by 0.64% [6] - London's FTSE 100 rose by 0.02%, while Germany's DAX 40 fell by 0.02% and France's CAC 40 climbed by 0.43% [6] Notable Stock Movements - AGM Group Holdings Inc. saw a significant increase in shares, rising by 378% to $10.67 after announcing the sale of Nanjing Lucun Semiconductor Co. Ltd. for $57.45 million [8] - Barfresh Food Group, Inc. shares surged by 10% to $4.2201 following an increase in revenue guidance [8] - ZOOZ Power Ltd. shares rose by 33% to $3.11 after shareholder approval for a $180 million private placement [8] - Reviva Pharmaceuticals Holdings, Inc. shares dropped by 38% to $0.2615 after announcing a $9 million offering [8] - Hess Midstream LP shares fell by 9% to $35.81 due to a cut in financial and operational outlook [8] Asian Market Performance - Asian markets closed mostly lower, with Japan's Nikkei declining by 0.57%, Hong Kong's Hang Seng gaining slightly by 0.0009%, China's Shanghai Composite falling by 0.30%, and India's BSE Sensex decreasing by 0.47% [9]

Core Insights - Enbridge Inc. (ENB) is a leading midstream energy company that generates up to 98% of its EBITDA from midstream assets supported by long-term take-or-pay contracts or regulated returns [1][8] Business Model - The take-or-pay agreements ensure that shippers pay fees regardless of asset usage, providing ENB with stable cash flows and shielding it from volume and price risks [2][8] - ENB's business model is characterized by predictable cash flows, high creditworthiness, and the ability to invest in growth capital projects at favorable terms [3] Industry Comparisons - Other major midstream energy companies, such as Enterprise Products Partners LP (EPD) and Kinder Morgan Inc. (KMI), also generate stable cash flows through extensive pipeline networks and long-term contracts [4][5][6] - EPD's pipeline network exceeds 50,000 miles and includes inflation-protected contracts, while KMI transports approximately 40% of the natural gas produced in the U.S. [5][6] Financial Performance - ENB shares have increased by 28.8% over the past year, outperforming the industry average gain of 26.1% [7][8] - The company trades at a trailing 12-month EV/EBITDA multiple of 15.65X, higher than the industry average of 14.08X [10] Earnings Estimates - The Zacks Consensus Estimate for ENB's 2025 earnings remains unchanged over the past week, with projected earnings of $2.19 per share [12][13]

Market Overview - The stock market is currently experiencing high valuations, with major indexes at or near all-time highs, following recent interest rate cuts by the Federal Reserve [2] - Despite the positive outlook, there is a possibility of a significant market correction by early 2026 due to elevated economic uncertainty [2] Company Analysis: AbbVie - AbbVie has a high price-to-earnings ratio of 103, but its forward earnings multiple is around 15, indicating potential growth [5] - The company is seeing strong sales from its autoimmune disease drugs Skyrizi and Rinvoq, as well as migraine therapies Qulipta and Ubrelvy, with a robust pipeline of around 50 programs in mid- or late-stage clinical development [6] - AbbVie is a Dividend King, having increased its dividend for over 50 consecutive years, with a current yield of nearly 3% [8] Company Analysis: Enterprise Products Partners - Enterprise Products Partners has demonstrated strong cash flow resilience through various economic downturns, including the financial crisis and the COVID-19 pandemic [9] - The company operates over 50,000 miles of pipeline, providing critical energy infrastructure that is largely recession-resistant, with 90% of long-term contracts including inflation escalation provisions [10] - The company has a distribution yield of 6.8% and has increased its distribution for 27 consecutive years [11] Company Analysis: Pfizer - Pfizer offers a high dividend yield of 7.15% and is committed to maintaining and growing its dividend [12] - The stock trades at a low valuation of 7.7 times forward earnings, with a PEG ratio of 0.96, suggesting it may not decline significantly even in a market correction [13] - Pfizer has a strong product lineup and a robust pipeline with 108 candidates, including 28 in late-stage testing, which should help offset anticipated sales declines from patent expirations [14]

Core Insights - Enterprise Products Partners LP (EPD) is currently trading at a trailing 12-month EV/EBITDA of 10.29X, which is lower than the industry average of 10.67X, and significantly below peers like Enbridge Inc. (15.65X) and Kinder Morgan, Inc. (14.04X) [1][7] Group 1: Business Model and Financials - EPD's business model is primarily inflation-protected, with nearly 90% of long-term contracts including provisions for fee increases during inflationary periods, ensuring stable cash flow generation [4] - The company is expected to generate additional cash flows from $6 billion in key capital projects, including the Bahia pipeline and fractionator 14, which are either operational or set to launch soon [5] - EPD has a debt-to-capitalization ratio of 52.3%, which is competitive within the midstream energy sector, compared to Enbridge's 59.7% and Kinder Morgan's 50.5% [9] Group 2: Competitive Advantages - EPD has established a strong competitive moat through its extensive pipeline network, which spans over 50,000 miles and connects to nearly all ethylene plants in the domestic market, as well as 90% of refineries in the eastern Rockies [4][8] - The partnership's strategic investments in export facilities, such as the new Neches River terminal and expanded ethylene export capacity at Morgan's Point, enhance its competitive position in international markets [6] Group 3: Market Performance - Over the past year, EPD's stock has increased by 16.6%, outperforming the industry average growth of 6.5%, although it lagged behind Enbridge and Kinder Morgan, which saw increases of 28.7% and 33.2%, respectively [11]