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Showing posts from June, 2021

7 High-Yield Monthly Dividend Stocks to Buy in 2021

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  Passive income is in fashion again, and these dividend stocks can provide a high monthly payout   Speculation is running rampant in the market, and while the future isn’t certain, chances are the phenomenon will end. It really comes down to the scarcity argument. If everyone’s bidding up real estate and cryptocurrencies, for instance, very few resources are left to support equities. That’s why investors ought to consider safer investments like dividend stocks.   More specifically, people should look into funds and companies that offer monthly payouts. Monthly dividend stocks are popular with the passive income crowd because society revolves around a 30-day schedule. Whether you’re talking payments for a car, utilities or other obligations, they’re more often than not on a monthly schedule.   Monthly dividend stocks are also generally stable. When bouts of volatility impact the broader markets, they hold their value better than growth names. Of course, that’s not to say th

Notable Analyst Upgrades and Downgrades for Week of June 21, 2021

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  Upgrades:   Eastman Chemical (NYSE:EMN) was upgraded by analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research note issued to investors on Monday, The Fly reports. The firm presently has a $145.00 target price on the basic materials company’s stock. Scotiabank’s price objective indicates a potential upside of 27.03% from the stock’s current price. Other analysts also recently issued research reports about the stock. KeyCorp lifted their price target on shares of Eastman Chemical from $126.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, May 3rd. The Goldman Sachs Group raised shares of Eastman Chemical from a “neutral” rating to a “buy” rating and set a $148.00 price objective for the company in a research note on Tuesday, May 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Eastman Chemical from $132.00 to $140.00 and gave the stock a “buy” rating in a research

10 Best Dividend Stocks to Buy According to Billionaire Cliff Asness

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In this article, we will take a look at the 10 best dividend stocks to buy according to billionaire Cliff Asness.   Cliff Asness, hedge fund manager and investment guru, is the manager and co-founder of AQR Capital Management, the hedge fund whose 13F holdings we will be going over in detail in this article. Asness graduated from the University of Pennsylvania with dual degrees in Economics and Engineering, and later enrolled in and graduated from the University of Chicago, for his MBA and Ph.D. in Finance. During his academic career, Asness worked as a research assistant for Eugene Fama, a theorist of efficient markets.   Before founding AQR Capital Management, Asness began working as a manager of Goldman Sachs Asset Management’s (GSAM) quantitative research desk when he was 24 and still a Ph.D. student. He, along with two friends from the University of Chicago, went on to develop “models to evaluate risk in currencies, bonds, and entire economies.” While he was working as a m

QUALCOMM Is A Stable Dividend Stock

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  QUALCOMM Incorporated ( NASDAQ:QCOM ) engages in the development and production of foundational electronics for mobile, wireless, network and other consumer devices. The company is also notably involved in the expansion of 5G infrastructure solutions and investors are looking at this as a path to growth.   As Qualcomm matures, we are going to look at how they are sustaining their profitability and returning earnings to shareholders.   It is important to note that Qualcomm has a history of reliable dividend payments going back to 2003 and has been steadily increasing their dividend per share ever since.   Qualcomm has announced that it will be increasing its dividend on the 24th of June to US$0.68. This makes the dividend yield 2.0%, which is above the industry average.   The company also returned around 1.6% of its market capitalization to shareholders in the form of stock buybacks over the past year.   QUALCOMM Covers Its Dividend By Earnings Reliable dividend

The 16 Best Value Stocks for the Rest of 2021

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  Value stocks have been en vogue this year. These names could see upside as the U.S. economy continues to recover from the COVID-19 pandemic.   Value stocks are not only staging a comeback in 2021, but also setting up to deliver higher returns even further down the road.   A revival for value stocks is due at least in part to the recovering U.S. economy. Many value stocks come from cyclical industries like energy, manufacturing and utilities that fared poorly during the COVID-related shutdown.   As demand for these services rise, company cash flows expand, which in turn leads to increased capital investment, accelerating growth and a higher share price. The Biden administration's $2.2 trillion infrastructure spending plan could also be a boon for value investors, as most infrastructure stocks fall into this category.   Although tech stocks like Amazon.com (AMZN) and Netflix (NFLX) have garnered strong media attention and outperformed other sectors over the past dec

Notable Analyst Upgrades and Downgrades for Week of June 14, 2021

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  Upgrades:   Welltower (NYSE:WELL) was upgraded by equities researchers at Evercore ISI from an “in-line” rating to an “outperform” rating in a research note issued on Monday, The Fly reports. The brokerage currently has a $86.00 target price on the real estate investment trust’s stock, up from their previous target price of $77.00. Evercore ISI’s target price suggests a potential upside of 7.93% from the stock’s current price. Several other brokerages also recently commented on WELL. KeyCorp increased their price objective on shares of Welltower from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, April 15th. Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $70.00 to $82.00 in a research report on Monday, May 3rd. Bank of America upgraded shares of Welltower from a “neutral” rating to a “buy” rating and boosted their price obj

Why Chevron Is a Top Pick for Dividend Investors

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  The company is on track to generate billions of dollars in free cash flow     Chevron reported strong first-quarter results, becoming one of the few oil companies to return to profitability.   Management seems committed to rewarding shareholders in the long run.   Favorable macroeconomic outlook and recent investments make Chevron an attractive bet for value and income investors.   Chevron Corp. (CVX) is an American integrated energy company operating in more than 180 countries. The company is active in hydrocarbon exploration and development, chemical and mining activities, power generation, refining and fuel transportation. It has an active portfolio of renewable assets, including geothermal, solar, wind, biofuel, fuel cells and hydrogen.   The energy giant seems to be recovering strongly from the oil market turmoil created by the global recession, which is evident from its strong first-quarter financial performance. Chevron posted a profit for the first quarter

Notable Analyst Upgrades and Downgrades for Week of June 7, 2021

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  Upgrades:   C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by analysts at The Goldman Sachs Group from a "sell" rating to a "buy" rating in a research report issued to clients and investors on Monday, Briefing.com reports. The firm currently has a $108.00 price target on the transportation company's stock. The Goldman Sachs Group's target price would suggest a potential upside of 12.10% from the stock's current price. Other equities research analysts also recently issued reports about the company. Susquehanna Bancshares boosted their price target on C.H. Robinson Worldwide from $92.00 to $94.00 and gave the company a "neutral" rating in a research note on Monday, April 12th. Credit Suisse Group boosted their price objective on C.H. Robinson Worldwide from $90.00 to $93.00 and gave the company an "underperform" rating in a research note on Wednesday, April 28th. Morgan Stanley boosted their price objective on C.H. Robinson

Pfizer Is Still One of the Healthcare Sector’s Best Dividend Yielders

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  PFE stock is trading at a reasonable valuation, and is still worth owning despite dividend-cut rumors   For many years, income-oriented investors have counted on healthcare giant Pfizer (NYSE:PFE) stock to provide reliable dividend distributions.   In fact, it’s not unreasonable to say that this is among the main benefits of holding PFE stock for the long term.   However, nothing in the markets is 100% reliable and some folks have been talking about a Pfizer dividend cut.   Is there a dividend payout reduction coming? In light of an important merger in the health-care sector, Pfizer’s stakeholders should know what to expect.   As we’ll see, there’s no need to lose faith in the company or the stock. Income and value investors alike should continue to rely on Pfizer as a premier business that consistently rewards its loyal shareholders.     A Closer Look at PFE Stock Speaking of value investing, PFE stock’s trailing 12-month price-to-earnings ratio is cu

A Tech Stock Combining Growth and Decent Yield

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  In a world where tech stocks often fail to offer both dividend yield and growth, here's a company that delivers that elusive combination.   When we think dividend tech stocks, we often think of popular companies such as Apple (AAPL), Microsoft (MSFT) or Nvidia (NVDA). Those companies have two things in common: They offer great growth potential, but also pay a ridiculously small yield.   Is it possible to find a tech stock that would give us both? A company like IBM (IBM) could come into mind as it offers a very generous yield in this sector (around 4.5%). The problem is that IBM’s core business is still slowing down. The shift towards the cloud business seems quite difficult and other players are just doing it better. IBM hopes its shipping blockchain based solutions will provide additional growth as it is hard to replicate. Your dividend is safe and will continue to increase, but do not expect much besides that from your investment in this aging monolith. I have a better

Costco's Growth Rates Are Driving the Valuation

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  A look at the company's most recent quarter, catalyst for growth and valuation.   Shares of Costco Wholesale Corp. are nearly flat since the beginning of the year compared to a return of 12% for the S&P 500 Index.   Part of this can be explained in that Costco's stocked gained more than 28% last year as consumers flocked to the company's stores to stock upon everyday items during the worst of the Covid-19 pandemic.   The stock now looks pricey on a historical valuation basis as well as its intrinsic value as determined by GuruFocus.   That being said, Costco, while not cheap, has a strong business model and impressive same-store sales that make the stock deserving of a high multiple.   A look at earnings results   Costco reported earnings results for the third quarter of fiscal 2021 on May 27. Revenue grew 21.7% to $45.3 billion, the highest year-over-year growth rate in at least five years and $971 million above what Wall Street analysts had e

Notable Analyst Upgrades and Downgrades for Week of May 31, 2021

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  Upgrades:   Devon Energy (NYSE:DVN) was upgraded by Raymond James from an “outperform” rating to a “strong-buy” rating in a research report issued on Tuesday, Briefing.com reports. The firm currently has a $40.00 target price on the energy company’s stock, up from their prior target price of $34.00. Raymond James’ price target would suggest a potential upside of 50.60% from the stock’s previous close. Several other equities analysts have also recently commented on DVN. Barclays upped their target price on shares of Devon Energy from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, April 7th. JPMorgan Chase & Co. upped their target price on shares of Devon Energy from $22.00 to $30.00 in a research note on Thursday, March 18th. Morgan Stanley increased their price objective on shares of Devon Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, May 19th. Zacks Investment Researc

Philip Morris International Inc.: A Sin Stock Worth Getting Caught With

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  Philip Morris Stock Trading at Record Highs; Still Pays 4.9% Dividend   A perfect storm has made it possibly the perfect time for investors to embrace sin stocks. Interest rates are still near record lows and stocks are near record highs. That’s great for initial investments, but it means dividend yields are dropping hard.   Where are income-starved investors supposed to go to get safe, high yields?   The yields on traditional blue-chip stocks are reliable and tend to grow every year, but the payouts aren’t astronomical. That’s the risk/reward tradeoff. The average dividend yield of all Dow Jones Industrial Average stocks is 2.2%. The current yield on the S&P 500 is a paltry 1.4%, its lowest level since the new millennium and its second-lowest reading on record.   If you’re looking for a stock that provides investors with strong, long-term capital appreciation and a long history of raising its frothy dividends, then look no further than tobacco giant Philip Morris