|Day's Range||29.80 - 29.80|
Accomplishing the financial cushion to retire early is a fantasy for most, but bringing that fantasy to reality is not as difficult as it sounds. If you are willing to make some serious lifestyle adjustments, it can be achievable.
From understanding your risk tolerance to maintaining emotional control, achieving your retirement goals takes a much different investing approach than regular stock trading.
Broadcom Inc.'s $10.7 billion acquisition of Symantec Corp.'s enterprise security business closed this week, and with the deal came the right to the Symantec name. That means that what remains of Mountain View-based Symantec has rebranded.
While lacking the momentum seen a week ago, stocks continue to a good job holding up near all-time highs. That led to a somewhat choppy trading environment on Tuesday, as we look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Shake Shack (SHAK)Man, Shake Shack (NYSE:SHAK) was hammered relentlessly on Tuesday, falling about 20% after a disappointing outlook. Investors could have made a better stand, but the weakness shows that the bears are in control at the moment.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHad the bulls seized control, SHAK would have reclaimed then maintained the 200-day moving average. Instead, it gapped below this mark, rallied up to it and pulled back again. * 7 Earnings Losers That Were Hit Hard This Season What now? Notice how SHAK is sandwiched between the 50% and 38.2% retracements. A break of either could create a "go with" trade in that direction. Meaning a break below the 38.2% retracement could trigger more selling, while a breakout over the 50% retracement could trigger a rally.Keep it simple, although below the 200-day moving average is not bullish. Top Stock Trades for Tomorrow No. 2: Broadcom (AVGO)Broadcom (NASDAQ:AVGO) is finally back in favor, as the stock had been trading in a wedge (blue lines) for several quarters at this point. Investors have been waiting for a move one way or the other, and last month, it looked like that move was going to be lower.AVGO stock is a tough one. It's technically becoming overbought and is running into resistance between $315 and $318.However, the U.S. government will likely allow U.S. companies to start selling to Huawei again, while AVGO has a below-market multiple and strong cash flows. Further, it just embarked on a multi-month breakout!It's difficult to buy into Broadcom at this point given the big rally, looming resistance and potential "sell the news" setup. I am a buyer of AVGO stock on a pullback to the $300 to $305 area, assuming it holds as support. Top Stock Trades for Tomorrow No. 3: Lyft (LYFT)There are many eyes on Uber (NYSE:UBER) as it makes new 52-week lows after earnings. But what about Lyft (NASDAQ:LYFT) stock?The stock does not look healthy. It couldn't reclaim the 50-day moving average or hold up above $44. A break below $41.50 quickly puts $40 on the table. Below that and the $38 lows are possible.If it's anything like Uber, it may not be long before Lyft is making new lows too. Let's keep an eye on this one, because not making new lows on this breakdown would be notable too. However, for bulls to really gain momentum, LYFT needs to clear and hold the 50-day. Top Stock Trades for Tomorrow No. 4: Nio (NIO)Nio (NYSE:NIO) exploded higher by more than 30% after its partnership with Mobileye, a unit of Intel (NASDAQ:INTC).Even though the percentage gain is impressive, shares could be running into a roadblock. While a short squeeze could continue to push Nio higher, keep in mind that shares are now running into the 50-day moving average and beginning to fill the gap from September.Clearing the $2.40 to $2.60 will likely be difficult too. If it does, Nio can fill the gap up toward $2.75.If resistance holds, see that $1.80 holds on a pullback. Top Stock Trades for Tomorrow No. 5: Hertz (HTZ)Hertz (NYSE:HTZ) is feeling some relief, as it rallies on earnings. If shares can clear the 50-week moving average, they can rally up to the 100-week moving average at $17.20. That's also where HTZ will run into downtrend resistance.Should the 50-week moving average hold as resistance, I want to see $14 hold on a pullback. Below that level is bad news for bulls.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AVGO. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Earnings Losers That Were Hit Hard This Season * 6 Tech Stocks Better Than the FAANGs * 7 Retail Stocks to Avoid for the Holidays The post 5 Top Stock Trades for Wednesday: SHAK, AVGO, LYFT appeared first on InvestorPlace.
Broadcom acquired the former Symantec’s enterprise business in a deal that closed on Monday. The remaining, consumer-focused cybersecurity operation is a Buy, according to UBS.
Symantec has closed the sale of its Enterprise business, which contributed 50% of total revenue and 10% of EBIT. The company is scheduled to report earnings on Wednesday, and “we see catalysts for investors to revisit a cleaner, more profitable, and more focused business at an attractive multiple,” Boolani said in the note. Following the Enterprise business divestiture to Broadcom Inc (NASDAQ: AVGO), Symantec has changed its name to NortonLifeLock and its dividend yield goes to an attractive 3%.
Broadcom Inc. (AVGO) today announced an expanded collaboration with Infosys, one of the world’s largest digital services and consulting companies, to help SAP customers mitigate risks and costs associated with the upgrade to SAP’s next-generation enterprise resource planning application, S/4HANA. The expanded alliance will combine the industry’s first Digital BizOps solution, powered by automation.ai from Broadcom, with deep industry and technical SAP implementation expertise from Infosys in the areas of Agile Business Management, Continuous Testing, Automation, and AIOps. A key component of the expanded alliance is the introduction of a leading-edge, new solution, Continuous Testing for SAP® S/4HANA.
Symantec's (SYMC) fiscal second-quarter earnings are likely to have gained from strength in Consumer Cyber Safety business. However, high investment in customer acquisition might have been a concern.
Goldman Sachs recommends that investors consider these solid stocks that are trading at significant valuation discounts to the market.
Moody's Investors Service ("Moody's") downgraded the senior unsecured rating of Symantec Corporation (Symantec or NotonLifeLock Inc.) to Ba3 from Baa3. Moody's also assigned a Ba2 Corporate Family Rating (CFR) and Ba2-PD Probability of Default Rating (PDR). The downgrade of the unsecured debt rating is driven by the increase in leverage following the sale of its Enterprise business, shift to a more shareholder friendly financial policy and introduction of secured debt into the capital structure.
SAN JOSE, Calif. , Nov. 4, 2019 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced ...
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, if you buy shares...
Achieving the financial freedom to retire early is a dream for most, but making that dream a reality isn't as tricky as it sounds. If you are willing to make some serious lifestyle changes and sacrifices, it can be possible.
Large internet companies could be held to higher standards of proof in competition cases as part of changes to EU rules being considered by Margrethe Vestager. The EU antitrust chief said she was examining a proposal from independent experts suggesting that digital platforms suspected of anti-competitive behaviour be required, in certain cases, to demonstrate clear gains for their users to avoid punitive measures — instead of Brussels having to show the damaging effects on consumers. “I think it’s an important discussion in figuring out what kind of regulation would be useful,” Ms Vestager told the Financial Times.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Broadcom Inc. New York, October 29, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Broadcom Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
I wanted to find an ideal list of stocks with high dividend yields. The stocks would have to be cheap as well. And the dividends would have to have a history of growth. Lastly, the company would have to be able to afford the dividends.In earlier articles like this, I found stocks that met two or three of these four criteria about dividend stocks. But this time I wanted to see if there were any stocks with all four of these criteria. I feel that these four criteria help the investor know that the dividend is both relatively safe and reliably consistent. Moreover, the investor would not be paying extra for that safety and stock dividend growth.Keep in mind that the average dividend yield of the S&P 500 is 1.9%. The median price-to-earnings ratio is 14.8x and the average payout ratio is 35%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs for dividend growth rates, there are not a lot of studies. One analyst found that over 51 years, the average dividend growth rate was 5.4%. Therefore, I decided to set the minimum rate of growth at better than 5.4% over a five-year period.I also felt that I would not find stocks with better than the average payout ratio. A 35% payout ratio would be too low a hurdle with these high dividend yield stocks. So as long as the payout ratio was not worse than 70%, the stock would be deemed worthy. It would seem that at that rate the company could still afford the dividend.Here are five high yield, fast-growing dividend stocks that meet these criteria. Dividend Stocks to Buy: Broadcom (AVGO)Source: Sasima / Shutterstock.com Dividend Yield: 3.7%5-Year Dividend Growth: 55.1%Price-to-Earnings Ratio: 13.6Payout Ratio: 50%Broadcom (NASDAQ:AVGO) is a semiconductor company that makes a variety of chips used in data centers, set-top boxes, telecom equipment and smartphones. Earnings have been growing consistently and have beat market expectations. * 7 AI Stocks to Buy to Profit from the Recent Tech Correction Broadcom stock trades at a low 13 times price-to-earnings ratio and has a 3.7% dividend yield. AVGO pays out about half its earnings in dividends. Broadcom's dividends have been growing consistently at a high rate over the past three years (+74%) and five years (+55%). Look for AVGO stock to follow this consistent trend. Broadcom's earnings should do well over the next telecom cycle as 5G equipment begins to roll out. Goodyear Tire & Rubber (GT)Source: Roman Tiraspolsky / Shutterstock.com Dividend Yield: 3.9%5-Year Dividend Growth: 63.3%Price-to-Earnings Ratio: 10.7Payout Ratio: 41.2%Goodyear Tire & Rubber (NASDAQ:GT) stock has a very nice dividend yield and growth history. Goodyear sells its own brand of tires worldwide along with private label brands. The company also has over 1,100 tire and auto-service center outlets that offer repair services and products.Goodyear's basic products are always in demand as tires need constant replacement. But it makes more money when car sales increase. Fears of an economic slowdown have kept Goodyear stock cheap. Nevertheless, given the constant demand for tires, Goodyear has the ability to withstand a slowdown in GDP growth.New car tire sales and international tire sales make up the majority of its revenue. Volumes in new cars have been falling so its original equipment manufacturer sales volume has been dropping. Operating margins have been also hit by two new plants.This is a cyclical stock. The long-term investor will take advantage of this situation and buy GT stock while it is cheap. Hanesbrands (HBI)Source: Helen89 / Shutterstock.com Dividend Yield: 3.8%5-Year Dividend Growth: 36%Price-to-Earnings Ratio: 9.1Payout Ratio: 34.3%Hanesbrands (NYSE:HBI) stock is too cheap. It sells innerwear and active-wear clothes, including its own fast-growing Champion brand. Analysts put the company's forward earnings at $1.76 and argue that Hanesbrands stock is cheap given its growth. Its active-wear product lines, in particular, are growing over 10% annually.Near $16 per share, Hanesbrands stock is trading at about 9 times earnings. HBI stock has a nice 3.8% dividend yield, which is over twice the market average. Its payout ratio (dividends/earnings) is only 34% of earnings, which is below the market average. * 7 Top-Notch REITs to Buy for Income Hanesbrands stock has grown its dividend nicely at 36% over the past five years. This looks to be a good long-term holding for investors over the next five years. Hanmi Financial (HAFC)Source: Shutterstock Dividend Yield: 5.3%5-Year Dividend Growth: 47%Price-to-Earnings Ratio: 13.1Payout Ratio: 69.2%Hanmi Financial (NASDAQ:HAFC) stock is a relatively cheap Los Angeles-based bank with 39 full-service branches and nine loan offices in a number of states. It has specialized in serving the Korean-American community in the United States.Hanmi Financial's market capitalization is $580.5 million. Dividends have grown very healthily over the past five years.HAFC has been growing earnings consistently since 2014 when it made $50 million in net income. This year analysts expect the bank to make $63 million. As a result, the dividends per share have grown 47% over that period, from 28 cents per share to 96 cents per share this year.At 1 times book value and 13 times earnings, the stock is still reasonably cheap. Given its consistent earnings and dividend growth rates, Hanmi stock looks to be a good long-term holding for patient investors. Heritage Commerce (HTBK)Source: Shutterstock Dividend Yield: 4.2%5-Year Dividend Growth: 49%Price-to-Earnings Ratio: 11.5Payout Ratio: 48.2%Heritage Commerce (NASDAQ:HTBK) is a California-based bank with 14 branches in the southern and eastern regions of the San Francisco metropolitan area. HTBK's market cap is $700 million. Heritage has had consistent earnings and dividend growth. It is a commercial bank providing loans mainly to corporations.HTBK stock offers a high 4.2% dividend yield, a low 11.5 P/E and a dividend that has grown 49% in the past five years.Heritage agreed to a merger in May 2019, but it was really an acquisition by Heritage. At the time HTBK acquired Presidio Bank, an underperforming bank. The merger received approvals from regulatory authorities and will close in the fourth quarter.The company was originally formed as a merger. I expect Heritage's management will continue to make acquisitions and mergers to grow its asset and deposit base. Over the long term, Heritage stock should continue to do quite well.As of this writing, Mark Hake did not hold any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 AI Stocks to Buy to Profit from the Recent Tech Correction * 5 IPO Stocks With Lockup Expiration Dates Around the Corner * 3 Clean Energy ETFs for a Brighter Future The post Buy These 5 High-Yield, Fast-Growing Dividend Stocks Now appeared first on InvestorPlace.
Chip stocks are suddenly back in vogue. Intel’s stock rallied 7.5% in mid-afternoon trading after the company reported record third quarter profits and raised its full-year sales guidance.