EOI: Targets Met, Moving To Neutral (Rating Downgrade) [Seeking Alpha]
Eaton Vance Enhance Equity Income Fund Eaton Vance Enhanced Equity Income Fund Shares of Beneficial Interest (EOI)
US:NYSE Investor Relations:
funds.eatonvance.com/enhanced-equity-income-fund-eoi.php
Company Research
Source: Seeking Alpha
EOI has a strong correlation with the S&P 500 and a tradable discount to NAV. The CEF has outperformed the S&P 500 since we assigned it a 'Buy' rating eight months ago. Year-end targets for the S&P 500 from large banks have already been surpassed, indicating the potential for a market correction or stall. Thesis We last covered the Eaton Vance Enhanced Equity Income Fund (EOI ) eight months ago in this article, where we outlined for readers why we believed at the time the CEF was a better alternative to an outright S&P 500 purchase and our view on the name. Our thesis was delivered, with the targets on positive price move and discount narrowing met: Since our article, EOI outperformed the SPY, while equities markets rallied hard. In this article we are going to focus on correlations and year-end targets for the S&P 500 and outline why at today's juncture entering EOI is no longer attractive, thus downgrading the CEF to a 'Hold' rating. Historic correlations are attracti
Show less
Read more
Impact Snapshot
Event Time:
EOI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EOI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EOI alerts
High impacting Eaton Vance Enhance Equity Income Fund Eaton Vance Enhanced Equity Income Fund Shares of Beneficial Interest news events
Weekly update
A roundup of the hottest topics
EOI
News
- Eaton Vance Raises Distributions On All Equity CEFs [Seeking Alpha]Seeking Alpha
- Eaton Vance Closed-End Funds Release Estimated Sources of DistributionsBusiness Wire
- Eaton Vance Closed-End Funds Release Estimated Sources of DistributionsBusiness Wire
- Eaton Vance Closed-End Funds Release Estimated Sources of DistributionsBusiness Wire