Interesting charts on mega caps Intel (INTC) and Pfizer (PFE) presented on Fast Money. It appears that after roughly a decade of no movement, at least some of these huge stocks are starting to break out of long term confined patterns. These stocks will help push the major indices up if the breakouts continue.
This is interesting as some mega cap stocks such as INTC appear on the Net Payout Yield list. The yields are incredibly high considering that the 10 year yield remains below 2%. INTC alone has a 3.3% dividend yield without counting any buybacks. Shouldn't be that much of a surprise that investors are finally catching on to these attractive yields.
Disclosure: No positions. Please review the disclaimer page for more details.