While many investors and traders are closely watching big tech stocks like Nvidia, I think there are a few non-tech stocks that have also seen significant price movements recently but haven't received as much attention. One notable example is Prospect Capital Corporation (PSEC).

PSEC’s stock price took a sharp hit last Friday, dropping over 14%, likely in response to disappointing fiscal Q1 results and an unexpected dividend cut—the first since 2017. This cut, though surprising, isn't entirely unwarranted given that the company swung to a loss in its fiscal Q1, facing pressures from high interest rates and fluctuating credit markets. Despite this setback, PSEC's dividend yield remains relatively high, which may continue to attract income-seeking investors, albeit with a more cautious outlook.

I’m monitoring PSEC’s price closely to see if it trends lower, which could present an interesting entry point. However, I’m holding off on any immediate investments since the next ex-dividend date is January 29, 2025, still several months away. This timing gives room to watch how the stock and broader market conditions evolve and assess whether the dividend yield remains attractive relative to other income-generating assets.