The best events of the ninth week

There were eruptions – a lot of eruptions – in the ninth week.

There were also surprises when a field goal in the last second lifted St Ignatius to Archbishop Mette and outpaced Burlingame over Half Moon Bay.

De La Salle rolled in, as did Clayton Valley Charter.

In one of the big games of the weekend, Los Gatos pulled out of Wilcox in the second half to win three touchdowns.

Our tour contains details and/or links for all of these games.

Check back every Saturday for results, highlights and top performance, updated throughout the day.

If you haven’t already, please sign up here for full digital access throughout the season.

To the tour…

Ranked teams

No. 2 Pittsburgh 62, Freedom 0

After a dominant home win over Freedom in a Bay Valley game in the league, Pittsburgh racked up one victory to claim their fourth consecutive league title. The pirates had seven quick landings, with Elijah Boo Leading the way with four. Cameron Clanton, Jaden Rashadeh And the Marley Alcantara (twice) also ran to get scores. He also threw a guide landing on Rashid Williams. Pittsburgh (7-1, 3-0) will travel to play the Heritage game next Friday. And Al-Hurriya will host (2-5, 0-3) in front of Antioch on Friday. – Jesus Cano

No. 3 De La Salle 41, Monte Vista 3

De La Salle intercepted five passes, and made two relegations, as the Spartans took a home win to advance to 5-3. Jonathan Guerrero He intercepted a pass to form De La Salle’s second touchdown and then returned a 67-yard interception for TD that made it 28-0 in the second quarter. After the third landing, de la Salle Calio Augustin He was injured in the ensuing kick-off and was taken in an ambulance to the hospital after receiving medical attention in the field for several minutes. Augustine walked to a stretcher alone before being put into the ambulance, De La Salle announcers told viewers via an internet broadcast. Cooper Flanagan His interception early in the first quarter led to a short TD run Dylan Grayson To advance 7-0. Charles Greer The 25-yard advantage extended to 14-0 and Toa Faavae’s The quarterback stretched from 9 yards to 21-0 with two minutes left in the first quarter. Robert Santiago He completed the scoring when he regained an 86-yard interception for a touchdown in the third quarter. The game is over with an hour running. Friday, De La Salle travels to Amador Valley and Monte Vista (2-6) and hosts Clayton Valley. – Darren Sabedra

Saint Ignatius 24, No. 10 Archbishop Mity 21

One week after a sudden increase in the fourth quarter propelled Mity to a win over Bellarmine, the Kings were unable to do the same against Saint Ignatius. After the Mitte was pulled up to 21-21 at Foothill College when Tae Yoshida Connected with Danny Scudero Saint Ignatius answered in the end zone corner from 3 yards with a left of 4:38. The Wildcats got into the scoring range and won when Lucy Cooper Kicked 18 yards field goal with a second left. St Ignatius was coming off a 10-0 loss last week to rival Sacred Heart Cathedral in a Bruce Mahoney match. The victory improved his SI record to 3-5 overall and 2-3 in WCAL. Mitte fell to 6-2, 3-2. Next Friday, the top-rated SI Sierra will host Mitty and visit Christian Valley. – Darren Sabedra

No. 11 Clayton Valley 49, No. 16 California 14

Clayton Valley Christian Aguilar They threw for 331 yards on 18 of 21 passes and two touchdowns and the Ugly Eagles ran five TDs while touring home after California playing East Bay Athletic League Mountain Division. Clayton Valley 5-3, 3-0. California fell 5-3, 1-1. Check out the Joseph Dycus story here.

No. 12 San Ramon Valley 24, Amador Valley 14

Wolverhampton’s (6-2, 1-1 EBAL Mountain) team advanced midway through the second quarter with a 21-0 score, but they couldn’t banish their stubborn guests from Amador Valley (4-4, 0-3). John Pau Mendoza The confined drop spans 7 and 2 yards around a 13-yard scoring pass from QB Luke Baker to me Trevor Scott San Ramon Valley also threatened to turn the match into a defeat six minutes before the end of the first half. But Amador Valle made the score 21-7 less than a minute before the end of the break, then scored again four minutes before the end of the third quarter, trimming SRV’s lead to seven points. 21-14 left until the last minute of play when Austin Shelton Kick a 40-yard field target to give the wolves some breathing space. Toss Baker TD was the 25th of the season. Eight went to Scott. Amador Valle had a rough time after the season started 4-1. The Dons have lost all three of their games at EBAL Mountain, and next Friday they host De La Salle. Amador Valley may need to win one of the remaining two games to ensure an offer is made to the playoffs in the North Coast Division. The Dons host California in the regular season final on November 5. – Mike Lefko

Burlingame 29, No. 13 Half Moon Bay 27

Daniel Hilt 17 yards run downhill with just under six minutes tiebreak 21-21 and Dylan Cal He completed the surprise interception as Burlingame, playing on the road, defeated Half Moon Bay in the PAL/SCVAL Bay Division game. The score was 14-14 at the end of the first half, and Half Moon Bay took a 21-14 lead heading into the fourth quarter. Burlingame’s performance improved to 4-4, 2-2. Half Moon Bay dropped to 6-2, 2-2. Next Friday, Burlingame will host Menlo School and Half Moon Bay will travel to Aragon. – Darren Sabedra

No. 24 Live Oak 42, No. 19 Lincoln-San Jose 14

Jordan Fuentes He ran for 258 yards and grabbed four touchdowns, as Live Oak, who was playing on the road, overtook the previously unbeaten Lincoln-San Jose Thursday to take the top spot in the Hamilton Division’s Blossom Valley Athletic Division. Live Oak is 7-1, 3-0. Lincoln fell to 7-1, 2-1. Joseph Decos has the details here.

No. 20 Sacred Heart Cathedral 30, No. 23 Bellarmine 17

Three star back RL Miller The difference for this game was in the Catholic Western League, bringing back two touchdown interceptions as the Irish improved to 3-2 in the league and 5-3 overall. Miller was ranked as the 129th best player in the California Seniors category by 247sports. He remains committed to Arizona State despite what will be a change in coaching next season. Bellarmine lost (3-5, 2-3) for the third time in a row. The Bells had a 10-2 lead five minutes into the second quarter, but SHC closed 10-8 at 64 yards played by Kendrick SandersMiller’s first pick 6 then put the host team 15-10 ahead in the first half. Bellarmine hit first early in the third inning to get back in the lead 17-15, but the Irish scored the last 15 points of the game, including another interception for Miller’s six. – Mike Lefko

East Bay

Concorde 14, Al Hamra 7

stick to one touch wire, Fabian Lopez And the Jose Ortiz Combined for a sack to make a spin in the drop and help Concord escape with a Diablo Athletic League Valley road win over Alhambra. Sean Murphy touchdown run record 14 yards and monty beam, Who crossed 1,000 yards last week, dash for a 50-yard drop to put Concorde ahead 14-0 at the break. Daniel Delgado Connected with Jacob Alderman To pass the relegation in the third quarter to the Alhambra. Concord (7-1, 2-1) hosts Perrin Christian next Friday. The Alhambra (3-5.1-2) heads to Concorde to play in the Ignacio Valley. – Jesus Cano

Heritage 49, Valley of Deer 18

Heritage scored 42 unanswered points by midway through the second quarter in the Bay Valley Athletic League’s Thursday night win over Deer Valley. Fresno heading to the state Devon Rivers Record five touchdowns. It was the fifth team this season, as Rivers, who had 154 yards in 13 coaches, scored no fewer than four touchdowns in one game. Austin Peters Completed 6 of 9 passes for 119 yards and one touchdown Jeremiah Reuven. Deer Valley Kobe Fusselmann Run for a score and throw touchdown passes to Carlos Perez And the Evan Padilla. Heritage (6-2, 2-1) plays Pittsburgh next Friday. Deer Valley (0-8, 0-3) will head to Brentwood to play Liberty. – Jesus Cano

Mount Eden 27, Washington Fremont 24

Jacob Gasrock He made huge plays in two different stages of the match as Mount Eden (5-3, 2-1) beat Washington (4-4, 0-3). Gastrok made things difficult for Washington’s attack spread out from his safe place, and also scored the game-winning goal on an 85-yard comeback. Mount Eden half back Marcus Jones He had two rushing touchdowns, and a quarterback Kerry Fudge I found the end zone in the stampede. Mount Eden coach Paul Perignon The back said Andres Vernes At least 10 interventions were raised. Mount Eden travels to Berkeley next Friday, and the Washington Morrow Catholic will visit. – Joseph Decos

Auckland Tech 38, Castlemont 20

The Bulldogs (6-1, 2-0) are one step closer to what appears to be an inevitable match against the McLemonds for the Auckland Athletic League title. Castlemont (3-4, 1-1) fought a battle, but the knights had no answer Omar Staples, who had five sacks as a passer and a landing received as a narrow end. Offensive navigators Zachary MuhammadAnd the Kai Ikeda And the Aaron Walker paved the way for Anthony Alonzowho ran for two touchdowns and caught another of the strong armed midfielder protective irons. cities of samuel It also had a rapid decline. Next Friday, Oakland Tech hosts Oakland and Castlemont travel to Skyline. – Joseph Decos

South Bay / Peninsula / SF

Branham 42, Independence 22

William Augenstein Branham played another big game as Branham improved to 7-1 overall and 3-0 in the BVAL Santa Teresa-Foothill Division, which on Thursday beat Independence (1-7, 0-3). He threw a quarterback for 180 yards and four touchdowns and ran for 172 yards and a TD. Jack Lewis He also scored a touchdown and Elias Antillion He ran for 99 yards in 11 Branham cars, which travel to Piedmont Hills on Friday before finishing the regular season at home on November 3 against Pioneer. Independence will also be on the road on Friday to take on Silver Creek. – Darren Sabedra

Piedmont Hills 20, Gilroy 7

Piedmont Hills cut short a six-game losing streak, winning the BVAL Santa Teresa Foothill Division game in a light upset. Buccaneers improved to 2-6, 1-2. Gilroy is 4-4, 1-2. Piedmont Hills led 13-0 in the first half, scoring in the first quarter at 4 yards from the quarterback Raymond Herediathen added to the lead when Heredia threw a touchdown pass from 4 yards to Angel Maciel. The visitors cut the lead to 13-7 in the third quarter, but the Buccaneers made it a two-goal match 10 minutes from time when Heredia found Maciel again, this time from 8 yards. Madison Ferry Jones Her second extra point in the evening set up to wrap up the scoring. The 5-foot-3 junior player has eight extra points this season. “We didn’t score many points,” said the Pirates coach. Matt Kessel, whose team averages 16.5 points per game. It’s been a frustrating season for Piedmont Hills, losing three times by eight points or less. – Mike Lefko

Sequoia 54, Santa Clara 22

Sequoia continued its unbeaten season with a home win over Santa Clara PAL/SCVAL at El Camino. quarterback John Larius Rushed to get two landing and connected with Robert Oda, Luke Heech, and Jack Jain for TD passes. Santa Clara Jordan Crockett It was a fast landing and Luke Roel He had a choice of six. Jacob Jensen Caught a touchdown pass from Matthew Conklinwho also ran for a score. Orlando Lewis He also scored for Bruins. On Friday, Sequoia (8-0, 4-0) will play host to Kings Academy and Santa Clara (2-6, 1-3) will be at home to face Jen. – Jesus Cano

Originally published at San Jose News Bulletin

36 Celebrities You Didn’t Know Are Godfathers to Other Celebrities’ Children

1.

David Beckham is the godfather of Liv Tyler’s children.

David is a good friend of Liv’s ex-partner, David Gardner (who is also his sports agent).

2.

Jamie Lee Curtis is the godmother to Jake and Maggie Gyllenhaal.

Jimmy has been friends with Jake and Maggie’s parents since before they were born.

3.

Marisa Tomei is Zoe Kravitz’s godmother.

Marisa and Zoe’s mother, Lisa Bonet, have been friends since they starred different world together.

4.

Eva Longoria is Harper Beckham’s godmother.

Eva and Harper’s mother, Victoria Beckham, are good friends.

5.

Hugh Grant is the godfather of Damien Hurley.

Hugh and Damien’s mother, Elizabeth Hurley, dated for 13 years, from 1987 to 2000, and apparently remained friends after that.

6.

Simon Pegg is the godfather of Apple Martin.

Simon and Apple’s father, Chris Martin, are good friends.

7.

Lady Gaga is the godmother to Elton John and David Furnish’s children, Elijah and Zachary.

She is a good friend and collaborator with them.

8.

Elton John is the godfather of Brooklyn and Romeo Beckham.

9.

And Elizabeth Hurley is their mother.

The three of them all seem to be very good friends!!

10.

Jessica Alba is the godmother to Jamie King’s son, James Knight.

Saving Grace is his godfather.

11.

Taylor Swift is the godmother to Jamie’s second son, Leo Thames.

12.

Molly Bernard is the godmother of Banks, daughter of Hilary Duff.

Hilary and Molly are good friends and were friends younger.

13.

Lizzie Caplan is the godmother of Pussy Phillips’ daughter, Byrdie.

Busy and Lizzy have been friends since they were both Freaks and geeks.

14.

Busy is the godmother Matilda, daughter of Michelle Williams.

15th.

Jake Gyllenhaal is Matilda’s godfather.

16.

Jennifer Aniston is Coco Arquette’s godmother.

As we know, Jennifer is a BFFAEAE with Coco’s mother, Courteney.

17.

Henry Winkler is the godfather of Bryce Dallas Howard.

Henry and Bryce’s father, Ron Howard, have been friends since happy Days days.

18.

Meryl Streep is Billie Lourd’s godmother.

19.

Meryl was very friendly with Billy’s mother, Carrie Fisher.

20.

Nicole Kidman is the godmother of Simon Baker’s son Harry.

21.

And Naomi Watts is the godmother to Simon’s other son, Claude.

Nicole and Naomi have been friends with Simon and his ex-wife Rebecca Rigg for a long time.

22.

Dakota Johnson is the godmother to Jeremy Allen White and Addison Timlin’s daughter, Ezer.

Dakota and Addison are best friends.

23.

Ted Danson and Marie Steenbergen are godparents to Laura Dern’s son, Ellery Harper.

It makes sense that these icons are old friends.

24.

Harry Styles is the godfather to Ben Winston’s daughter, Ruby.

Harry and Ben have been friends for some time, and Ben has directed some One Direction videos.

25.

Bryan Cranston is the godfather to Aaron Paul’s son, Raiden.

Aaron and Brian are very good friends after the tournament Too bad Together, they also have their own brand of tequila.

26.

Tim McGraw is the godfather to Garrett Hedlund and Emma Roberts’ son, Rhodes.

Garrett and Tim have been close ever since Friday night lights together.

27.

Steven Spielberg is the godfather of Gwyneth Paltrow.

28.

He is also the godfather of Drew Barrymore.

29.

Novak is the godfather to Mindy Kaling’s daughter, Catherine.

Mindy and BJ have been super close for many years now, but it’s just platonic :).

30.

Sadie Frost is the godmother to Kate Moss’ daughter, Lily Moss.

31.

Kate Moss is the godmother of Iris Law, daughter of Sadie Frost with Jude Law.

Kate Moss and Sadie Frost have been friends ever since, and Kate used to hang out with Sadie and Judd all the time.

I think this makes Layla and Iris God’s brothers? It’s nothing, but you get it.

32.

Vin Diesel is the godfather to Paul Walker’s daughter, Meadow.

33.

Finn walked the meadow down the aisle at her wedding.

34.

Lea Remini is the godmother to Jennifer Lopez’s twins, Amy and Max.

Leah and Jennifer have been friends since they met on the red carpet for man on fire in 2004.

35.

Dolly Parton is Miley Cyrus’s godmother.

Dolly has been friends with Miley’s father, Billy Ray, since before Miley even existed.

36.

Finally, Drew Barrymore is the godmother of Frances Bean Cobain, daughter of Kurt Cobain and Courtney Love.

Courtney and Drew are back.

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Port of Auckland to buy renewable energy

(BCN) — The Port of Auckland will continue to purchase renewable energy from the East Bay Municipal Utilities District, the Auckland Board of Port Commissioners decided last week. For the past 10 years, the port has been procuring power that comes from the power plant with a sewage treatment plant in the utility area. This latest decision ensures that the port will continue to use this capacity for the next 2.5 years.

Elderly resident injured in garage fire at Inner Sunset’s home

This agreement will help the port to bypass regulatory requirements for renewables in the future, said Jared Carpenter, Director of Facilities Management at the Port of Auckland. “This is good for our community and continues our valuable partnership with EBMUD,” Carpenter said in a statement.

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In 2020, the port’s total energy supply mix comprised 70.4% of renewable resources, of which 20.3% were from EBMUD, and 12.8% from large hydroelectric generators for a total of 83.2% of the energy supplied from non-carbon resources.

“EBMUD’s sewage treatment plant at the base of Bay Bridge is more than just a treatment plant — it’s a green plant, where organic waste, like food scraps, is converted into renewable energy,” said Doug Lenny, CEO of EBMUD. .

“EBMUD is pleased that its surplus renewable electricity will continue to be used locally to benefit the greater Auckland community.”

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Originally published at San Jose News Bulletin

Puerto Rico’s power grid remains expensive and unreliable after Hurricane Maria

Police provide guards near protesters blocking the entrance to the Luma Energy facility at the Puerto Rican (Prepa) Palo Seco Power Plant in Toa Baja, Puerto Rico, Friday, June 4, 2021.

Xavier Garcia | Bloomberg | Getty Images

When Hurricane Fiona hit Puerto Rico in September, Felipe Perez was ready.

Perez, owner of local sandwich chain El Meson, has outfitted his stand-alone locations with power generators and water tanks in case of prolonged power outages like the one that followed Hurricane Maria, the devastating storm that swept the island in 2017.

His work was one of the lucky ones. Many businesses were forced to close for weeks after Hurricane Fiona hit. Even for some companies that got electricity quickly, Perez said, “the cost of operations was so high that they would prefer to shut down.”

Lea Este Articolo en español aquí.

Puerto Rico’s power grid has been a sore point for many businesses and residents on the island, leading to a backlash against Luma Energy — which the company brought in to operate and improve the grid after Hurricane Maria.

seize Luma

Luma Energy officially acquired the island’s power grid in June 2021 for Puerto Rico Electric Power Authority, or PREPA. The company, a joint venture between Houston-based Quanta Services and Calgary-based ATCO, is tasked with operating, maintaining and modernizing the dilapidated island network.

I got off to a rough start.

A report by the Institute for Energy Economics and Financial Analysis found that in the first two months of Loma’s operation on the island, Puerto Rico experienced “longer payback periods, voltage fluctuations, and poor customer service.”

Improvements since then appear to have been slow to emerge, with blackouts becoming the norm even before Hurricane Fiona, according to residents and media reports, apparently fueling growing discontent with Loma. In September, a Puerto Rican resident told local news station WAPA TV, “Here, you blow out a birthday candle and the electricity goes out.”

“Where [Hurricane] “Maria, they just reconnected the wires, fixed some transmission plants, and the basic generating system remains the same,” said Tom Sanzillo, director of financial analysis at IEEFA. That means we’re kind of out of place, and basically nothing has been invested in the network.”

The islanders also protested against Luma’s services. In July, about two months before Hurricane Fiona hit Puerto Rico, hundreds of residents marched to Governor Pedro Pierluisi’s home in Old San Juan, demanding that Loma’s contract be rescinded.

Pierluisi told local newspaper El Nuevo Día that he has asked Luma to make some management changes so that the company can better handle the situation. Luma did not comment on those remarks but said the network — which serves more than 1.4 million customers — has been mismanaged for decades by its predecessor, PREPA, and that “more than 3,000 men and women at LUMA are focused on restoring strength to every customer affected by Category 1 Hurricane Fiona.” and building and transforming the electrical system of the future.”

“When we took over about 16 months ago, the power grid situation was 60% worse than the worst facility in the fourth quarter in the country,” said Shai Behramirad, senior vice president of engineering asset management and capital programs at Luma Energy.

Behramirad said that in those 16 months, the blackout rate dropped by about 30% to 7.6 per year from about 10.6 per customer. The company also said on October 10 that electricity was restored to 99% of customers affected by Hurricane Fiona. After Hurricane Maria, power was cut off to some parts of the island for about a year.

High electricity costs

But while power may be restored across much of the island, customers still need to bear the higher energy costs.

Data from the US Energy Information Administration shows that commercial customers in Puerto Rico are paying an average of 29.4 cents per kilowatt-hour as of June 2022. This is more than double the US average of 12.9 cents per kilowatt-hour. Meanwhile, residential customers pay an average of 27.68 cents per kilowatt-hour, while the average in the US is about 15 cents per kilowatt-hour.

Behramirad of Luma said the company “has nothing to do with increasing electricity costs,” adding that this is mainly due to rising energy costs around the world. Energy prices have risen this year in part because of Russia’s invasion of Ukraine.

But IEEFA’s Sanzillo believes this disparity could have been mitigated at least by improving the network infrastructure.

“If you had changed large amounts of the system, you would still have high prices — you can’t change everything overnight — but at least you would have struggled a bit,” Sanzillo said.

Perez said at El Meson that he has not received the electricity bill for September yet but will not pay for “electricity that has not been consumed.”

All of this comes as Puerto Rico’s economy struggles to recover. FactSet data shows that Puerto Rico’s real GDP has declined in nine of the past 10 years. Furthermore, Puerto Rico’s population declined 11.8% from 2010 to 2020, while the total US population grew 7.4% in that time, according to Census Bureau data.

“The displacement has been massive, especially between [young adults]“Al Jazeera needs young people who can take leadership roles on the island,” Perez said.

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Originally published at San Jose News Bulletin

How to invest in dividend stocks in a bear market: stock market advice

• It is very difficult to invest in this bear market as there is no reliable precedent for it.
• T. Rowe Price’s John Linehan shared how he manages more than $16 billion in assets.
• Here’s how Linehan finds fixed income dividend stocks as the economy weakens.

John Linehan, chief equity investment officer at T. Rowe Price, has faced a lot of investing landscapes in his 33-year career. But he had never seen a market like this before.

Linehan told Insider in a recent interview that every up and down market is unique. And while they all have similarities, he thinks it’s a mistake to assume that what worked in past downturns will work today.

“No two bear markets are alike,” Linehan said. “No two recessions are alike.”

Linehan continued, “There’s no reason or rhyme for any of them. Trying to use a playbook from the past doesn’t necessarily mean going into the future.”

Linehan said investors today are rightly focused on the economic risks arising from the Federal Reserve’s decision to raise interest rates quickly as a way to slow persistent inflation. There is near-unanimous consensus among CEOs in a recent poll that this will lead to a recession as tight monetary conditions force consumers to cut back on spending.

Linehan, who manages more than $16 billion in assets in the T. Rowe Price Equity Income Fund (PRFDX), is currently trying to connect the needle between playing offense and defense.

“I want to be really thoughtful about the risks we take in portfolio in this environment,” Linehan said. “I don’t want to overtake my sled in terms of taking too little risk, and I don’t want to overtake my sled in terms of risking too little.”

When the market rebounds, Linehan said, it will do so quickly. But at the same time, he said it is wise to prepare for further downside risks if the Fed is forced to continue raising interest rates.

“What I am trying to do is build a portfolio that I hope will survive the test of either extreme,” Linehan said. “As a result, we’ve tried to have a portion of our portfolio be somewhat defensive and a portion abusive and we’re looking more for premium names that we think will do well over time.”

How to Invest in Dividend Stocks as the Risk of Recession Approaches

Unlike some portfolio managers, Linehan said he has a large portion of his net worth in his fund.

“I invest in money as it is mine because, in many ways, it is,” Linehan said.

As if that’s not stress enough, Linehan is responsible for managing the retirement money and savings of countless other people. This gives him a “healthy assessment of risk,” he said, but he can’t allow himself to be paralyzed by the risks of losing some of the $16 billion he’s overseeing.

“In terms of how much money we’re managing, I think if you focus on that, it can be confusing,” Linehan said. “So instead, I just try and focus on creating the best portfolio — the optimal portfolio. Regardless of whether it’s $100 million or $100 billion, I don’t think it should change.”

Although the T. stock income fund.

When it comes to finding the right stocks for his income-focused fund, Linehan said he looks for US and international companies with it. Attractive reviews And the Positive Basics That will Provides strong dividend yield And the Good performance over a long period of time.

Linehan said the main valuation metrics to consider are price-to-earnings (P/E), enterprise value (EV) sales, and price-to-book (P/B) ratios, as well as industry-specific measures. . He added that these metrics go hand in hand with the company’s trajectory and the story it can tell about its business.

The portfolio manager said that a great company is not always a great stock if it is overvalued, and on the contrary, cheap value stocks are sometimes discounted for good reason.

Linehan said high, reliable dividend yields are vital to the T stock income fund. He said the returns reflect the company’s financial health, ability to generate free cash flow, and capital discipline.

“We are looking for companies that have an attractive return but also have attractive attributes that go beyond return,” Linehan said. “I think just finding companies with the highest long-term return is a tough environment to be in because you really have to question the durability of that return on each investment.”

Finally, Linehan maintains a long-term view on his investments, which he said is easy to say but hard to do. His fund’s turnover is around 20%, which means he’s owned the stock for an average of five years. Markets can swing wildly between seasons, he said, but in the long run, it’s the company’s valuation, fundamentals and revenue that will either sink or swim.

“A lot of people are so focused on the short term and whether the company is going to fail or lose profits in the next quarter that it gets stuck in the trees, they miss out on the woods,” Linehan said. “One of the things I want to be sure of is that — I can’t necessarily tell you what the company is going to do in the next quarter, but I can tell you if we think they’ll have an attractive background over the next several years.”

This mindset means Linehan is patient with his holdings, especially during rock markets. Unless the stock thesis deteriorates to a point where it no longer holds true, Linehan said he’s inclined to hold it — even with unprecedented and unexpected risks on the horizon.

“We don’t pull the plug just because the company has been performing poorly,” Linehan said. “We will be patient. All too often, that patience is rewarded.”

Originally published at San Jose News Bulletin

How to invest in dividend stocks in a bear market: stock market advice

• It is very difficult to invest in this bear market as there is no reliable precedent for it.
• T. Rowe Price’s John Linehan shared how he manages more than $16 billion in assets.
• Here’s how Linehan finds fixed income dividend stocks as the economy weakens.

John Linehan, chief equity investment officer at T. Rowe Price, has faced a lot of investing landscapes in his 33-year career. But he had never seen a market like this before.

Linehan told Insider in a recent interview that every up and down market is unique. And while they all have similarities, he thinks it’s a mistake to assume that what worked in past downturns will work today.

“No two bear markets are alike,” Linehan said. “No recessions are alike.”

Linehan continued, “There’s no reason or rhyme for any of them. Trying to use a playbook from the past doesn’t necessarily mean going into the future.”

Linehan said investors today are rightly focused on the economic risks arising from the Federal Reserve’s decision to raise interest rates quickly as a way to slow persistent inflation. There is near-unanimous consensus among CEOs in a recent poll that this will lead to a recession as tight monetary conditions force consumers to cut back on spending.

Linehan, who manages more than $16 billion in assets in the T. Rowe Price Equity Income Fund (PRFDX), is currently trying to connect the needle between playing offense and defense.

“I want to be really thoughtful about the risks we take in portfolio in this environment,” Linehan said. “I don’t want to overtake my sled in terms of taking too little risk, and I don’t want to overtake my sled in terms of risking too little.”

When the market rebounds, Linehan said, it will do so quickly. But at the same time, he said it is wise to prepare for further downside risks if the Fed is forced to continue raising interest rates.

“What I am trying to do is build a portfolio that I hope will survive the test of either extreme,” Linehan said. “As a result, we’ve tried to have a portion of our portfolio be somewhat defensive and a portion abusive and we’re looking more for premium names that we think will do well over time.”

How to Invest in Dividend Stocks as the Risk of Recession Approaches

Unlike some portfolio managers, Linehan said he has a large portion of his net worth in his fund.

“I invest in money as it is mine because, in many ways, it is,” Linehan said.

As if that’s not stress enough, Linehan is responsible for managing the retirement money and savings of countless other people. This gives him a “healthy assessment of risk,” he said, but he can’t allow himself to be paralyzed by the risks of losing some of the $16 billion he’s overseeing.

“In terms of how much money we’re managing, I think if you focus on that, it can be confusing,” Linehan said. “So instead, I just try and focus on creating the best portfolio — the optimal portfolio. Regardless of whether it’s $100 million or $100 billion, I don’t think it should change.”

Although the T. stock income fund.

When it comes to finding the right stocks for his income-focused fund, Linehan said he looks for US and international companies with it. Attractive reviews And the Positive Basics That will Provides strong dividend yield And the Good performance over a long period of time.

Linehan said the main valuation metrics to consider are price-to-earnings (P/E), enterprise value (EV) sales, and price-to-book (P/B) ratios, as well as industry-specific measures. . He added that these metrics go hand in hand with the company’s trajectory and the story it can tell about its business.

The portfolio manager said that a great company is not always a great stock if it is overvalued, and on the contrary, cheap value stocks are sometimes discounted for good reason.

Linehan said high, reliable dividend yields are vital to the T stock income fund. He said the returns reflect the company’s financial health, ability to generate free cash flow, and capital discipline.

“We are looking for companies that have an attractive return but also have attractive attributes that go beyond return,” Linehan said. “I think just finding companies with the highest long-term return is a tough environment to be in because you really have to question the durability of that return on each investment.”

Finally, Linehan maintains a long-term view on his investments, which he said is easy to say but hard to do. His fund turnover is around 20%, which means he’s owned the stock for an average of five years. He said markets can swing wildly between seasons, but in the long run, it’s the company’s valuation, fundamentals and revenue that will either sink or swim.

“A lot of people are so focused on the short term and whether the company is going to fail or lose profits in the next quarter that it gets stuck in the trees, they miss out on the woods,” Linehan said. “One of the things I want to be sure of is that — I can’t necessarily tell you what the company is going to do in the next quarter, but I can tell you if we think they’ll have an attractive background over the next several years.”

This mindset means Linehan is patient with his holdings, especially during rock markets. Unless the stock thesis deteriorates to a point where it no longer holds true, Linehan said he’s inclined to hold it — even with unprecedented and unexpected risks on the horizon.

“We don’t pull the plug just because the company has been performing poorly,” Linehan said. “We will be patient. All too often, that patience is rewarded.”

Originally published at San Jose News Bulletin

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