AARONS INC
Aaron is a rent to own retailer trading at NYSE. The company has experienced continuous gains in its stock price that was trading at 39.99 by the close of business on 07/19/2017. The retailer stock price rose by 3.04% to trade at the above price. The selection of Aaron for investment was informed by its target market growth and past performance. For the past one year, the company has reported strong earnings with the stock price growing at 11.75% in some instances. Earning per share has also experienced strong growth while its revenues are rising year after year. Compared to its competitors, the company is performing well and creating wealth for its stock holders. The total investment in this endeavor will be two hundred and fifty shares.
DELTA AIR LINES, INC. (DAL)
The company has seen steady gains over the past year with the stock rising by 14%. Investing in the stock was informed by the earnings that investors in the airline male. The industry has also seen steady improvements brought about by a strong economy and reduced fuel cost. The company pays dividends to its stock holders, and the same has been growing by 50% from 2013. Total investment in the company will be 148 shares at the cost of $7960.92
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DEUTSCHE GLOBAL HIGH INCOME FD
The company is trading at NYSE. It is a non-diversified closed end investment company. The objective of the fund is to seek high current income and its secondary objective is capital appreciation. Its portfolio includes financials, sovereign bonds, US treasury obligations, loan participation, industrials, energy, materials, and consumer discretionary ad beverages. The company’s portfolio makes it an attractive investment option for investors. Additionally, the continuous growth in stock prices makes it an ideal investment option. The total number of stock invested in will be 806. Total investment in the three companies will be $ 24994.8
Journal entries
Date | Account Name | Debit | Credit |
Aarons INC | 9997.5 | ||
Cash | 9997.5 | ||
Being investment in 250 shares for Aarons INC | |||
Delta Air Lines, INC | 7960.92 | ||
Cash | 7960.92 | ||
Being purchase of 148 shares from Delta Airline | |||
Deutsche Global High Income FD | 7036.38 | ||
Cash | 7036.38 | ||
Being investment in 806 shares of Deutsche Global High Income |