Weekly "Focus" and the Green Jacket

It’s a big weekend for golf fans around the world as the Masters tournament is now underway. The tournament is one of the four “majors” and Jon Rahm of Spain is trying to defend his title and keep the green jacket awarded to the winner (along with prize money in excess of US$3 million). Four Canadians are competing this year, so I will be rooting for Cory Connors, Adam Hadwin, Nick Taylor and Mike Weir (who won the tournament in 2003) although the latter three may not make the cut. The Masters is held in Augusta, Georgia, about a 2 hour drive east of Atlanta. Georgia is home to quite a few major US corporations and here is their performance so far in 2024.

 

		Total Return in 2024		Dividend Yield
Coca-Cola Company (KO)		+2.2%		3.2%
Delta Air Lines (DAL)		+17.9%		0.8%
Home Depot (HD)		+4.9%		2.5%
Norfolk Southern* (NSC)		+7.8%		2.1%
United Parcel Service* (UPS)		-3.2%		4.3%

Source: FactSet, Values as of April 10, 2024

 

This week’s "Focus" from our economics team is attached.

 

Have a great weekend,

 

Brad

Senior Portfolio Manager and Senior Investment Advisor