Nuveen Core Equity Alpha Fund [JCE] Stock Forecast

JCE has declined along with the rest of the markets this year; it stubbornly hangs onto its premium valuation. The fund has generated alpha this year on a NAV basis, as its name implies, but it has only been very minimal.

JCE is an equity focused closed end fund.

JCE had an incredible total share price return in 2021, delivering over 47% to investors. This would be hard to replicate in 2022 as the fund's discount has disappeared and the fund trades at historically elevated levels.

NEW YORK--(BUSINESS WIRE)--The Nuveen Core Equity Alpha Fund (NYSE: JCE) today announced that, in addition to the fund's regular quarterly distribution, the fund has declared a special cash distribution with the record, ex-dividend and payable date outlined below. The following dates apply to today's distribution declaration for the following taxable closed-end fund: Record Date October 18, 2021 Ex-Dividend Date October 15, 2021 Payable Date November 1, 2021 Taxable Distribution Per Share Long-

JCE joins the list of many other closed-end funds this year to trade at historically high valuations. This fund has touched premium levels in the past but only briefly.

Since we last covered JCE, the fund's discount has narrowed quite significantly. Valuation increasing is typically a negative, but the fund boosted its distribution earlier this year and the performance has been solid.

JCE offers a portfolio of mostly large-cap equity investments and writes index calls.

For investors worried about how the stock market will fare in the event of a divided government or a sweep by either party in next month’s elections, history offers an important lesson.

Investors are unmoved by the presidential debate, and remain focused on stimulus negotiations and earnings.

World shares and U.S. futures have advanced after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election