|
CDx3
Notification Service Website - Home Page
THIS FEATURE TUTORIAL IS UNSECURED AND
AVAILABLE TO THE GENERAL PUBLIC
You can think of the
CDx3 Notification Service website as your own automated research
assistant; it reaches out across the Internet for information related
to preferred stocks and makes it available to you in one place -
real-time information happening today as well as historical archives.
The CDx3 Notification Service website allows you to know your preferred
stocks (including Exchange Traded Debt Securities), the companies that
issue them and the events that are affecting the marketplace that they
trade within - right now.
The site's design comes
directly from the suggestions submitted by subscribers on their
Continuous Improvement Program surveys. The most popular features
occupy the main menu bar for quick access.
New subscribers should
be sure to click on the Getting Up To Speed button in the upper-left
corner. A new window will open on your screen with tips designed to
help you get started quickly.
After you sign onto the
CDx3 Notification Service website, you will see the website Home page.
Hot Lists are predefined
lists of the highest quality preferred stocks and Exchange Traded Debt
Securities (EDTS). Clicking on a Hot List launches our Preferred Stock
ListTM software application (the most
powerful tool available for preferred stock investors) showing your Hot
List of preferred stocks.
For each preferred stock
Preferred Stock ListTM presents a
variety of information (ex-dividend date, current market price, volume,
Moody's and S&P ratings, trading symbol, IPO date, call date and
much more). All columns can be sorted and data can be downloaded and
saved in Watchlist or spreadsheet format. You can also create your own
Hot List of preferred stock trading symbols for later retrieval (see
the Preferred Stock ListTM tutorial for instructions).
Before
Call - Lists preferred stocks and Exchange-Traded Debt
Securities (ETDs) that meet all ten CDx3 Selection Criteria from Preferred
Stock Investing (CDx3 Compliance Score = 10) and are call protected
(yet to reach their respective call dates). These are the highest
quality preferred stocks available on U.S. stock exchanges.
Beyond
Call - Lists preferred stocks and Exchange-Traded Debt
Securities (ETDs) that meet all ten CDx3 Selection Criteria from Preferred
Stock Investing (CDx3 Compliance Score = 10) and are now callable
(they can be retired by the issuing company at any time). The price of
a preferred stock that the market thinks is about to be called behaves
differently than that of a preferred that has yet to reach its call
date.
Combined - This Hot List combines the previous two Hot Lists
into one so that these high quality issues (CDx3 Compliance Score = 10)
can be viewed and analyzed together in a single list.
Exg-Traded Debt - Lists Exchange Traded Debt Securities (ETDS)
that meet all ten of the CDx3 Selection Criteria from Preferred
Stock Investing (CDx3 Compliance Score = 10). ETDS's will
frequently be referred to as preferred stocks since they are extremely
similar. But these securities can represent lower investment risk than
the same company's preferred stocks since ETDS's are bonds that trade
on the stock exchange (rather than on the bond market). ETDS's are
recorded on the company's books as debt rather than equity (e.g.
preferred stocks).
CDx3
Bargain Table - Lists the highest quality preferred stocks
(regardless of dividend rate) that meet an additional criteria that
make the resulting issues ripe for purchase. These are the highest
quality preferred stocks that are available for less than their par
price ($25.00 per share) right now. Buying preferred stocks for less
than $25.00 per share provides the buyer with an added layer of
principal protection since shareholders will receive $25.00 per share
in the event that the issuing company retires the shares (which also
positions the buyer for a downstream capital gain on top of the great
dividend income in the meantime). The CDx3 Bargain Table is sorted by
the Dividend Rate (coupon) column, highest to lowest, and shows you
what the market is offering in the below-$25 price range.
CDx3
Compliance Score at least - Lists
securities that are at a certain quality level or higher in one mouse
click. Each security in our Preferred Stock ListTM database
has a "CDx3 Compliance Score" (1 through 10) that indicates how many of
the ten CDx3 Selection Criteria the security is able to meet.
Securities that are able to meet all ten of the CDx3 Selection Criteria
("CDx3 Preferred Stocks") have a CDx3 Compliance Score of 10. Click on
any score value to see a list of preferred stocks and Exchange-Traded
Debt Securities that have a CDx3 Compliance Score at the level you
clicked on or higher. When viewing lists of preferred stocks, just
hover your mouse over any trading symbol and a small window will open
showing you its CDx3 Compliance Score (the security's weaknesses will
be highlighted in red).
We publish two preferred
stock research newsletters every month: (1) the non-promotional CDx3
Research Notes just for subscribers to the CDx3 Notification
Service and (2) the CDx3 Newsletter which is available for free
to the general public and promotes our products and services.
The Home page presents the
first page of the current issue of the subscriber's newsletter,
CDx3 Research Notes. Clicking on the page numbers seen just above
the first page image presents subsequent pages of the newsletter. An
archive of the previous twelve monthly issues is also available here.
Want to get a hardcopy?
Clicking on the Open In Separate Window
link that you see just above the top-right corner of the newsletter
page image will open a separate window on your screen and display the
current issue of CDx3 Research Notes in PDF format. Using that
window, you can print the newsletter, resize the pages for easier
reading or download a copy to your computer.
The CDx3 Library link
presents a collection of CDx3 Special Reports (single topic research
papers for preferred stock investors - free to subscribers), a link to
the current issue of our free CDx3 Newsletter and a link to the
website of the book, Preferred Stock Investing.
The Trends and Metrics
charts allow you to see key indicators of the preferred stock
marketplace. Clicking on the +Zoom link below each chart displays a
larger image while the What's This? link opens a separate window with
an explanation of the chart.
Three charts are presented
in the Preferred Stock Market Trends and Metrics:
CDx3
Perfect Market Index - The value of the CDx3 Perfect Market
Index reacts to preferred stock market events. A value of 100 is a
theoretical 'perfect market' for CDx3 Preferred Stocks. When the
preferred stock market is 'perfect' the average market price of a
specifically defined sample of CDx3 Preferred Stocks will be $25.00 per
share. A value greater than 100 indicates a market favoring buyers
(average prices are less than $25) while an index value less than 100
indicates a market favoring sellers (prices are higher than $25). By
calculating and charting the index each month, we can see (1) the type
of preferred stock market we are in (buyer's or seller's), (2) the
direction of the market, (3) the magnitude of the change in the market
from one month to the next and (4) the speed of that change over time.
Savvy preferred stock investors know that preferred stock investing
strategies vary depending on whether we are in a buyer's market or a
seller's market (as described throughout Preferred Stock Investing).
Bank CDs - Preferred stock investors favor fixed-income
investments such as preferred stock, bonds and bank Certificates of
Deposit (CDs). This chart illustrates the spread between the 'going
dividend rate' being offered by the newest CDx3 Preferred Stocks and
the average annual percent yield (APY) offered by the top ten 24-month
bank CDs in the United States (source: BankRate.com). This
spread, by the way, is where the 'CD Times 3' Income Engine gets its
name.
CDx3
Key Rate Chart - This chart shows the 'cost of money' at three
different levels within the U.S. economy. At the bottom, closest to the
source, is the federal funds rate as set and managed by the Federal
Reserve. Next up the chart is the ten-year treasury note yield. This
value is computed by averaging the daily yields throughout the month
for this bond. The top line shows the average dividend rate being
offered by the most recently introduced CDx3 Preferred Stocks.
Presenting these three values on one chart allows us to see the cost of
money set within our banking system and the reaction to this and other
events in the bond and high quality preferred stock markets.
|
