The Zacks Analyst Blog Highlights Archer Daniels Midland, W.W. Grainger, Genuine Parts and Albemarle
For Immediate Release
Chicago, IL – August 19, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Archer Daniels Midland ADM, W.W. Grainger GWW, Genuine Parts GPC and Albemarle ALB.
Here are highlights from Thursday’s Analyst Blog:
4 Top Dividend Aristocrats to Buy Now for a Big Upside
Inflation in the United States did cool off in July, thanks to plummeting gas prices. In fact, the consumer price index (CPI) increased 8.5% last month, a slower annual jump compared with June's 9.1% gain, per the Bureau of Labor Statistics.
Thus, it's widely expected that the Federal Reserve should ease its aggressive tightening of monetary policy as inflation has started to decelerate. But recently, Fed Chair Jerome Powell categorically mentioned that he is still searching for "compelling" evidence that inflation will go down toward the central bank's target of 2%. At the same time, Fed minutes released yesterday showed that policymakers actually saw "little evidence" that inflationary pressures were easing and that they continued to remain steadfast in hiking interest rates in order to tame inflation.
However, an increase in interest rates pushes up the cost of borrowing, which impacts the economy and the stock market. Let us not forget that economic growth has already slowed down. There were two successive negative quarters of growth in GDP this year. Moreover, geopolitical concerns are now on the rise, which could easily derail the stock market's upward movement.
Given such a volatile situation, it would be prudent to invest in dividend aristocrats such as Archer Daniels Midland, W.W. Grainger, Genuine Parts and Albemarle. This is because such companies have solid fundamentals and a better-quality business that help them stand out from dividend payers.
They have been delivering profits for a long time and are undeniably unfazed by market gyrations. These stocks provide a steady flow of income and flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today's Zacks Rank #1 stocks here.
Archer Daniels Midland is one of the leading producers of food and beverage ingredients as well as goods made from various agricultural products. This Zacks Rank #2 company is known for having raised its dividend for over 47 consecutive years.
Archer Daniels Midland has a dividend yield of 1.85%. ADM's payout ratio presently sits at 25% of earnings. In the past 5-year period, ADM's payout has advanced 4.07%. Check Archer Daniels Midland's dividend history here.
W.W. Grainger is a broad line, business-to-business distributor of maintenance, repair and operating products and services. This Zacks Rank #2 company is known for having raised its dividend for 50 years in a row.
W.W. Grainger has a dividend yield of 1.18%. GWW's payout ratio presently sits at 27% of earnings. In the past 5 years, GWW's payout has advanced 6.05%. Check W.W. Grainger's dividend history here.
Genuine Parts distributes automotive and industrial replacement parts and materials. This Zacks Rank #2 company is known for having hiked its dividend for 66 consecutive years.
Genuine Parts has a dividend yield of 2.25%. GPC's payout ratio presently sits at 46% of earnings. In the past 5-year period, GPC's payout has advanced 5.14%. Check Genuine Parts' dividend history here.
Albemarle is a premier specialty chemicals company with leading positions in attractive end markets globally. This Zacks Rank #1 company is known for having raised its dividend for more than 25 years on the trot.
Albemarle has a dividend yield of 0.56%. ALB's payout ratio presently sits at 20% of earnings. In the past 5-year period, ALB's payout has advanced 4.81%. Check Albemarle's dividend history here.
Meanwhile, for the current year, the expected earnings growth rate for Archer Daniels Midland, W.W. Grainger, Genuine Parts and Albemarle are 30.3%, 40.3%, 15.3% and 405.2%, respectively.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Genuine Parts Company (GPC) : Free Stock Analysis Report
Archer Daniels Midland Company (ADM) : Free Stock Analysis Report
W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report
Albemarle Corporation (ALB) : Free Stock Analysis Report
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