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Colgate-Palmolive (CL) has paid quarterly dividends since 1895 and has raised its annual dividend for 63 consecutive years, which makes it a “Dividend King.” On Sept. 17, the company declared its next quarterly dividend of $0.53 per share, payable Nov. 13 to holders of record as of Oct. 20, so investors must buy by Oct. 19 to qualify. Annualized, the payout is $2.12 per share, so about 472 shares would generate roughly $1,000.64 in yearly dividends. At the $91.61 share price cited when the article was written, those 472 shares would cost about $43,240, a forward dividend yield of around 2.3%. The dividend has grown about 3.2% a year on average over the past decade.
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- 4 market-moving issues investors should watch now that the midterms are over
The Democrats swept Tuesday's election, and the article says this could have far-reaching consequences for markets and the economy.
- California's billionaire tax on track for defeat as the state continues to count votes
California's Proposition 40 would impose a one-time 5% tax on residents and trusts with assets over $1 billion, affecting an estimated 200 billionaires, with revenue going mainly to healthcare, food assistance and education. With 60% of votes counted on Wednesday, the measure was trailing by over 11 percentage points, though the race had not yet been formally called. Big Tech opposition was fierce, with Google co-founder Sergey Brin reportedly contributing $102 million to a committee fighting the measure. Outgoing Governor Gavin Newsom also opposed it, arguing that billionaires would both dodge the tax and leave the state. Nationally, voters in Texas flipped a Senate seat to Democrats despite Elon Musk spending more than $200 million to keep it in Republican hands.
- Credo Sinks 10% as Democratic Sweep Hits AI Data Center Stocks: “Biggest Worry”
Credo Technology (CRDO) shares fell 10% alongside AI data center stocks after Democrats won both chambers of Congress and key governors' races, pledging tougher limits on data center construction. The biggest concern is Texas, where Democrat Gina Hinojosa beat Gov. Greg Abbott on a promise of an immediate data center moratorium; Dan Ives noted the state will supply around 25% to 30% of data center capacity. Active electrical cables supplied over 99% of Credo's revenue growth in fiscal 2026, and the article argues a Texas moratorium is a bigger threat to the $3.88 billion fiscal 2028 estimate than to this year's. Dell dropped 9% and Coherent fell 7%, while Amazon rose 7% as AWS sales grew 39%. Credo's forward P/E of 19x at Tuesday's close was its three-year low and far below its 63x average, and its early-December report will show whether customers are ordering fast enough to deliver growth above 85% this year.
- Lucid Jumps 12%, Rivian Climbs 6% as Post-Election Rally Lifts EV Stocks; Tesla Slides 3%
Lucid rose 12% to $3.38 and Rivian gained 6% to $14.04 as a post-election risk rally lifted smaller EV stocks, while Tesla fell 3% to $388.52 amid concerns over Democrats' control of Congress and its effect on Elon Musk's companies and AI build-out. Lucid's gain has little operational support: its Q3 2026 deliveries of 3,806 fell from a year earlier after production cuts, and the stock is still down 68% year to date. Rivian has a steadier footing, raising its 2026 delivery guidance to 67,000 to 70,000 vehicles after its R2 became its best-selling model by volume, though its free cash flow was negative $1.12 billion last quarter. Nio rose 4% to $3.31, and the article says its gain reflects a broad risk-on move more than U.S. policy specifics. Investors will watch Lucid's report next week for progress on its cash flow plan, with bulls pointing to robotaxi testing and bears to its stockholders' equity deficit, cash burn and a pending securities fraud lawsuit.
- A massive trade just happened in a leading mortgage lender: Watch Options Action Live
After the Democratic wave in the midterms, stocks surged as options traders sold volatility and rotated away from big-tech trades; the S&P 500 rose just under 2% by midday Wednesday, recovering losses from Friday and Monday. The Cboe Volatility index fell about four points to below 17, its biggest one-day drop since at least July, while WTI crude traded below $90 and energy stocks fell 5.6%, the largest decline in the S&P 500. Options on the Energy Select Sector SPDR ETF (XLE) ran at more than three times their 30-day average, with 57% puts, and the top trade was the 62.5-strike put expiring Jan. 15, per SpotGamma data, suggesting a possible gradual reversal in the sector that has been 2026's best performer. Mortgage lender Rocket Companies, which fell almost 50% this year before recovering last month, saw options volume at double its average, with 90% of 110,000 contracts being calls. On the other side, the solar ETF TAN rose another 9% to its highest since July on volume more than five times average, while the semiconductor ETF SMH fell 2.6% to its lowest since May, with 70% of its options volume in puts.
- Voters rebuff data centers in every ballot measure except one during the 2026 midterms
Of 41 local ballot measures in 10 states that would have restricted data center construction, voters sided against data centers in all but one, in Harwood, North Dakota, where the city voted against a charter amendment requiring extra review of industrial developments, including data centers. The result came alongside Democratic wins in Ohio, where Sherrod Brown ousted Republican Sen. Jon Husted and Amy Acton defeated Vivek Ramaswamy, and in Texas, where Gina Hinojosa unseated Gov. Greg Abbott. Ohio is also home to OpenAI's planned 8-gigawatt campus, developed by SoftBank and SB Energy with the U.S. Department of Energy, which could cost more than $500 billion in total, with Nvidia also backstopping the project. In a CNBC Voter Poll, 56% of voters called data centers a crucial or major factor in their decision, with Democrats ranking the issue higher than Republicans. Democrats, including Rep. Greg Casar, are calling for AI executives to testify under oath, as hyperscalers such as Alphabet, Amazon, Microsoft and Meta keep spending hundreds of billions of dollars a year on AI infrastructure.
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