The S&P 500 hit record highs this past week, as growth and tech stocks continue their impressive velocity higher. However, not all stocks are flying high, and certain value opportunities are increasingly interesting. This week’s Blue Harbinger Weekly provides a quick review of the performance of our holdings, as well as our opinion on the 10.7% yielding preferred shares of Teekay Offshore (TOO.B) which are currently trading at a discounted price of $19.82 per share.

Here is a look at the market’s continuing strong performance this year (the S&P 500 is up 16.6%). REITS are one sector that’s been particularly strong (XLRE is up 19.1%) as the Fed’s new found dovish low interest rate posture helps REITs which generally rely on borrowing to grow. On the other hand, healthcare is one sector that has lagged (XLV is up only 4.2%) as this diverse sector faces varying specific pressures. Sabra Healthcare (SBRA) is a big dividend REIT that faces its own company-specific pressures as well as the headwinds of being a healthcare related company and the tailwinds of being a REIT. This week’s Blue Harbinger Weekly reviews the market’s performance, the performance of our portfolio holdings, and briefly reviews a few specific names, one of which is our opinion on Sabra Healthcare’s tempting 9.2% dividend yield.

General Dynamics is increasingly attractive. Both revenues and earnings per share continue on an upward trajectory, yet the share price is down, thereby making this dividend champion look like a steal from a valuation perspective. This article reviews the business, the valuation, and the outlook, as well as an explanation for the discounted share price (including the “social irresponsibility” factor, among others) and concludes with our opinion about investing in this blue chip 2.4% yield global aerospace and defense company which has increased its dividend for 27 consecutive years running.

We write a lot about income investments, however we also like to invest in powerful growth stocks, as well, because they add important diversification to an investment portfolio, and they can help keep your nest egg growing. This article focuses on one of the fastest growing companies in the US in terms of this year and next year’s sales growth, at scale. We provide an overview of the company’s attractive qualities, as well as a review of the common pitfalls to watch out for when investing for powerful long-term growth and capital appreciation.

This is a guest article from Yield Hunting. The article highlights some top muni closed-end-funds (“CEFs”). If you don’t know, you invest in muni CEFs to generate steady streams of tax-free income and compound it year after year. The non-quantitative benefit of muni CEFs are that natural downside hedge they can offer, especially on the high quality funds (non-high yield).

From time to time we like to share income-generating options trade ideas. Today, Boeing presents an interesting opportunity in light of heightened volatility and fear related to its second tragic 737 MAX plane crash in the last 5 months. Even if you don’t participate in this particular trade, it may help you generate future trading ideas of your own. Without further ado, here are the details…

If you’re an income-focused investor, you might be interested to know intermodal shipping container company, Triton International, just issued some very attractive 8.5% yield preferred shares this week. And as many of our readers know, we’ve written about the common shares of Triton, and we’ve also had success selling income-generating put options on the common shares. But if you’re looking for high steady income (and less volatility) than the 6.5% yield of the common shares, consider this before you jump headfirst into these compelling new 8.5% yield preferreds.