|Bid||216.45 x 800|
|Ask||216.52 x 800|
|Day's Range||215.90 - 217.57|
|52 Week Range||158.09 - 219.30|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||21.80|
|Earnings Date||Aug 20, 2019|
|Forward Dividend & Yield||5.44 (2.49%)|
|1y Target Est||209.66|
Markets are high, as investors have rushed back into stocks on expectations that the Federal Reserve will cut interest rates at least once before year’s end. With bond yields already low, and lower rates in the offing, stocks are the natural place to turn. And among the stocks, high-yield dividends offer investors an additional income stream to supplement share price growth. Here we look at three stocks offering high dividend payouts. Broadcom, Inc. (AVGO)Shares in Broadcom slipped in recent sessions, when acquisition talks between the chipmaker and cyber security corporation Symantec (SYMC) broke off. Symantec ended the negotiations, saying that Broadcom’s per-share offer was too low. Both companies saw a retreat in share price; Broadcom much less.Macro factors have been more important to AVGO’s share performance than possible acquisitions. The US semiconductor industry was hit hard last month when tariff fears flared up, but that has eased since Presidents Trump and Xi met cordially at the G20 summit and announced that formal trade talks would resume.So, Broadcom is looking stable, but more attractive to investors is the company’s 3.73% dividend yield. While that percentage may not seem high, AVGO’s $284 share price makes the annualized payout $10.60. Quarterly, it pays out $2.65 per share. Even better, AVGO has a history of both consistent payouts and steady increases of the dividend. It’s a guaranteed income that nicely complements the stock’s 9% upside potential.Broadcom has gained over 13% since the beginning of June, and analysts are sanguine about the stock’s future. William Stein, of SunTrust Robinson, remains “positive on Broadcom's outstanding historical track record of value creation from its investing decisions and expects its management to continue to make intelligent capital allocation decisions.” His price target, $307, suggests an 8% upside to the stock.A look at Stein’s ratings history on Broadcom shows that he has been consistently bullish on this stock for the last year. Even better, his ratings are frequently borne out by performance – he has a 19% average return on his recommendations for AVGO shares.>>Click Here to see William Stein’s complete Analyst ProfileOverall, Broadcom holds a strong buy from the analyst consensus, based on 21 buy ratings and 6 holds assigned in the last 3 months. The stocks $311 average price target suggests room for 9.6% growth from the $284 current share price. Home Depot, Inc. (HD)Home Depot leads the big-box home improvement superstore niche, with double the market share, double the share price, and triple the market cap of its largest competitor, Lowe’s (LOW). With recent positive economic indicators, especially June’s strong jobs numbers and the prospect of a Fed interest rate cut putting downward pressure on mortgage rates, the home improvement niche is looking strong.A solid business niche leads to profit and cash flow. HD is set to release Q2 earnings on Aug 13, and the expectation is for $3.09 per share, and increase of 36% from last quarter’s $2.27 EPS. Historically, the company’s fiscal second quarter is its strongest for earnings.HD also has a history of sharing earnings with investors through a robust dividend. The yield is a modest 2.5%, but the high share price makes the annual payout $5.44. Quarterly payments are $1.36, and HD has a history of raising the dividend each year.>>Click here to see the HD Dividend CalendarThe reliable dividend and profitable business model may explain HD’s popularity among investors. TipRanks tracks over 50,000 individual portfolios; among the best performing of these, Home Depot shares appear in 16.3%, or 1 out of 6. Top performing investors have increased their HD holdings by more than 2% over the past month, reflecting the overall “very positive” investor sentiment on the stock.>>Click Here to see HD Investor SentimentInvestors and dividend fans aren’t the only ones bullish on Home Depot. Goldman Sachs analyst Kate McShane reviewed the stock earlier this month and gave it a $235 price target, implying an upside potential over 8%. In her comments, McShane wrote: “Home Depot hits all the marks when it comes to gaining market share and increasing operating dollar growth. Expect these two attributes to drive upside to the stock over the next 12 months.”Home Depot’s price target presents us with the interesting case of a solid stock whose recent gains have pushed its share price above recent analyst expectations. HD is trading at $217; the average price target, however, is only $209, and still reflects older analyst ratings. As McShane’s comments and target show, Wall Street is beginning to readjust its outlook on the company. HD remains a strong buy, based on an analyst consensus of 8 buys and 5 holds in the past three months. Philip Morris International, Inc. (PM)Yes, this is a cigarette company, a classic “sin stock.” But investors are in the market to make a profit, and that’s where Philip Morris delivers. Year-to-date, shares in PM are up 22%. The profits come while cigarette sales are slowing, as the tobacco companies have been casting about for other business opportunities, making investments in cannabis, alcohol, and e-cigarettes.In looking for alternate revenue streams, Big Tobacco hasn’t forgotten the investor. PM pays out a regular dividend of $1.14 quarterly. Annualized, this represents an income of $4.56 per share and a yield of 5.59%. More important, is PM’s 11-year history of growing the dividend, making this stock particularly attractive to value investors.>>Click Here to see the PM Dividend CalendarSecular trends – especially the poor reputation of tobacco and smoking products – may be lined up against the tobacco companies, but some Wall Street analysts see this as a buying opportunity. Writing from Goldman Sachs, Judy Hong says, “Tobacco valuations are "at a 10-year trough despite a more accommodating market backdrop.”She sees a floor to cigarettes’ unpopularity, and a stabilization in sales and profits. Continuing, she says, “Expect the current discount on tobacco stocks to narrow as cigarette fundamentals hold up better than feared, contribution from next generation tobacco products builds, and regulatory concerns subside over time.”Hong says that the bearishness on tobacco traces back to lower sales volumes for cigarettes along with up-front costs of the shift to e-cigs and other alternative products. However, she adds, “Expect the decline in cigarette consumption to abate and the shift to e-cigarettes to moderate. And international cigarette volume trends have been mostly stable.” In line with her bullish stance on the industry, Hong gives PM a solid buy rating.Bonnie Herzog, of Wells Fargo, agrees with Hong on the outlook for Philip Morris. She bases her optimism, however, on a successful move toward alternative tobacco products, specifically the iQOS heat-not-burn option. Writing of PM, she says she expects the company to beat the Q2 earnings estimate, saying, “We expect PM will beat conservative EPS of $1.32 (vs our $1.36) and we expect: (1) sequential acceleration of iQOS shipment volume in Japan (+14.5%) given strength from next generation iQOS 3/Multi platforms; (2) iQOS to lead heat-not-burn (HNB) category growth in Japan and gain market share elsewhere; and (3) strong cigarette price realization.”Herzog gives PM a price target of $100, suggesting an upside potential of 22% to the stock. Her rating suggests that PM has more room for growth than the conventional wisdom would indicate – PM’s average price target is $93, indicating a possible upside of 15% from the share price of $81.PM’s analyst consensus rating is a moderate buy, derived from 7 buys and 3 holds in the last three months.TipRanks puts a wide variety of data analysis tools at your fingertips, so you can find the right investment for your portfolio. Get started today, with our Stock Screener.
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Guy Adami said on Monday's " Fast Money " he likes Costco Wholesale Corporation (NASDAQ: COST ) after hitting an-all time high. He also says Home Depot Inc (NYSE: HD ) is Amazon.com, Inc. (NASDAQ: ...
Atlanta Business Chronicle's 2019 Most Admired CEOs are scheduled to be honored on the evening of Aug. 22 at an awards event at The Fairmont.
The stock market's major indices are at or near all-time highs, and as stocks go up, dividend yields go down. As a result, many of the best dividend stocks to buy right now sport relatively modest yields.That's OK. Because your focus also should be on dividend safety and payout growth that will enhance your yield over time.Not every stock has been caught up in 2019's surge to new peaks. GameStop (GME), CenturyLink (CTL), Vodafone (VOD), Pitney Bowes (PBI), L Brands (LB), Deutsche Bank (DB) - all of these well-known companies have either cut or outright suspended their dividends this year. Those moves were a blow to all existing shareholders, but especially those who were relying on the income from these sometimes generous dividend payers to tackle regular expenses in retirement.How do you ensure the dividend stocks you're invested in won't do the same? One way is to monitor the DIVCON system from exchange-traded fund provider Reality Shares. DIVCON's methodology uses a five-tier rating to provide a snapshot of companies' dividend health, where DIVCON 5 indicates the highest probability for a dividend increase, and DIVCON 1 the highest probability for a dividend cut. And within each of these ratings is a composite score determined by cash flow, earnings, stock buybacks and other factors.These are 13 of the safest dividend stocks to buy right now. Each stock has not only achieved a DIVCON 5 score, but a composite score within the top 15 of all stocks that DIVCON has evaluated. This makes them the crème de la crème of dividend safety - and more likely to keep the dividend increases coming going forward. SEE ALSO: 25 Stocks Every Retiree Should Own
U.S. equities continue to show an upward bias on Monday, with the S&P 500 holding above the 3,000 level while the Dow Jones Industrial Average remains north of the 27,000 level. Impressive gains all around as Wall Street continues to look past things like uneven economic data and an inverted yield curve to focus instead on the dovish policy pivot by the Federal Reserve and the likelihood of interest rate cuts later this year. A number of mega-cap components in the Dow are perking up nicely and still present attractive entry points for buyers on the sidelines looking to get into the action. The early action in many of the names seems predicated on a thawing of U.S.-China trade relations later this year. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond With all of that in mind, here are five Dow Jones stocks to consider: InvestorPlace - Stock Market News, Stock Advice & Trading Tips Caterpillar (CAT) Click to EnlargeShares of heavy equipment maker Caterpillar (NYSE:CAT) are extending further away from its 200-day moving average to close in on the prior high set back in April. A breakout here would put an end to a long downtrend pattern going back to January 2018 and would set the stage for a challenge on the prior record high near $170, which would be worth a gain of more than 21% from here. The company will next report results on July 24 before the bell. Analysts are looking for earnings of $3.12 per share on revenues of $14.5 billion. When the company last reported on April 24, earnings of $2.94 beat estimates by 8 cents on a 4.7% rise in revenues. Disney (DIS) Click to EnlargeDisney (NYSE:DIS) shares keep marching higher, pushing to new records as it exits a multi-year funk. The opening of the new Galaxy's Edge theme park area as well as the approach of the release of the latest Star Wars movie has investors excited about ticket sales and merchandising revenue heading into the holiday shopping season. * 7 Services Stocks to Buy for the Rest of 2019 The company will next report results on Aug. 6 after the close. Analysts are looking for earnings of $1.76 per share on revenues of $21.5 billion. When the company last reported on May 8, earnings of $1.61 per share beat estimates by 4 cents on a 2.6% rise in revenues. Goldman Sachs (GS) Click to EnlargeShares of Goldman Sachs (NYSE:GS) are pushing away from a consolidation range going back to last fall with an extension away from its 200-day moving average. The stock is benefiting from expectations of easier policy from the Federal Reserve later this year, which would bolster long-term interest rates and help with net interest margins. Watch for a run at the mid-2018 highs near $240, which would be worth a gain of more than 14% from here. The company will next report results on July 16 before the bell. Analysts are looking for earnings of $4.82 per share on revenues of $8.6 billion. When the company last reported on April 15, earnings of $5.71 beat estimates by 69 cents on a 12.6% decline in revenues. Home Depot (HD) Click to EnlargeHome Depot (NYSE:HD) shares are enjoying an extended rally off of their 200-day moving average, setting up a run to new record highs after breaking up and over old resistance near the $210 a share level. Falling long-term interest rates could help the housing market enjoy another surge of activity after a lack of affordability dampened activity last summer. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The company will next report results on Aug. 20 before the bell. Analysts are looking for earnings of $3.09 per share on revenues of $30.9 billion. When the company last reported on May 21, earnings of $2.27 beat estimates by 8 cents on a 5.7% rise in revenues. Intel (INTC) Click to EnlargeIntel (NASDAQ:INTC) shares are breaking up and out of resistance from their 200-day moving average to end a two-month funk and close in on the gap down range near $55. Such a move would be worth a gain of 10% from here. Remember that semiconductors are the raw materials that the modern economy runs on, with pretty much every device containing processing power of some type these days. A turnaround in economic activity, spurred by easier money, will benefit chipmakers like Intel. The company will next report results on July 25 after the close. Analysts are looking for earnings of 88 cents per share on revenues of $15.6 billion. When the company last reported on April 25, earnings of 89 cents per share beat estimates by 2 cents on $16 billion in revenues. As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 5 Dow Jones Stocks to Buy Now appeared first on InvestorPlace.
Last week's gallery on breakout stocks to buy delivered big-league profits. So we're returning to the well for three more candidates that boast price charts brimming with potential.This week's targets are inspired in large part by the S&P 500, which closed at a new record high of $3,013.77 on Friday. Nothing brings buyers to the yard like a major index touching its highest price in history. It reveals optimism and a risk-on attitude.Last week's demand surge was aided in part by Federal Reserve Chair Jerome Powell's testimony before Congress that all but confirmed the market's expectation for a rate cut at the upcoming July 31 meeting. Betting markets peg the odds of a quarter-point cut at 72% and a half-point cut at 28%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dependable Dividend Stocks to Buy Without further ado, check out these three breakout stocks to buy. 3 Breakout Stocks to Buy: Cisco (CSCO)Source: ThinkorSwim Friday's rally for Cisco (NASDAQ:CSCO) succeeded where its predecessor did not. Last month's breakout attempt over $57.50 was met with rejection and sharp selling. Friday's bid, however, powered through the ceiling and closed at a new 52-week high.With the gain, CSCO stock officially ended its three-month consolidation zone and signaled that the next stage of its uptrend is upon us. I'd use $60 as the first upside target. It would take a break below the 50-day moving average at $55 to invalidate the bullish backdrop. So until then, the path of least resistance is higher.At 41%, the implied volatility rank is fiddling in the middle of its range. Couple that with earnings coming over the next month, and I think bull call spreads are the way to go.Buy the Sep $57.50/$60 bull call spread for around $1.20. Home Depot (HD)Source: ThinkorSwim Home Depot (NYSE:HD) was one of the best stocks on the board Friday. The retailer surged 2% on heavy volume to a new all-time high. On the technical front, there's nothing not to like about its price action. The 20-day and 50-day moving averages are trending higher to confirm buyers' dominance of the short- and intermediate-term trends.A few accumulation days have cropped up over the past two weeks to signal institutions are wading into the waters. As far as options go, implied volatility is in the basement revealing an utter lack of uncertainty in the stock. That means prices for derivatives are dirt cheap. Long calls and call spreads offer great low-risk, high-reward bets right now. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond If you think the good times continue to roll, then buy the Sep $220/$230 bull call spread for around $3.75. Spotify (SPOT)Source: ThinkorSwim Last week's rally ushered Spotify (NYSE:SPOT) to the cusp of a clear breakout zone. In fact, SPOT stock looks better than at any time since last year's IPO. This summer's recovery pushed shares of the streaming music service back above all its major moving averages for the first time.The base built throughout 2019 should serve as a solid foundation to build an uptrend from if buyers decide to press their advantage here.If SPOT can clear $155, look for a run toward the next ceiling of $170. To capitalize, buy the Oct $160/$170 bull call spread for around $3.30.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 3 Breakout Stocks to Buy appeared first on InvestorPlace.
The VanEck Vectors Retail ETF (RTH) is up more than 20% year-to-date and that bullishness is being supported by the exchange traded fund's large weight to e-commerce giant Amazon.com Inc. (AMZN). “As a starting point, we believe Amazon has been undergoing a strategic shift the past several years on two fronts,” said Morningstar in a recent note. “The first is shifting away from a first-party marketplace where Amazon directly sells products to consumers, to more of a third-party platform where vendors sell products and Amazon takes a commission from the sale.
(Bloomberg) -- Home Depot Inc. has sent 35 truckloads of generators to stores in areas hit by tropical storm Barry, where local residents are grappling with power outages.The home-improvement retailer has dispatched 250 additional truckloads of supplies to the 28 stores in Louisiana and Mississippi that were in the storm’s path, according to Jeff Partin, Home Depot’s director of corporate security, emergency preparedness and business continuity. Those stores closed a few hours early on Saturday night but all were back open as of Sunday morning, he said.“The rain levels didn’t materialize as forecast,” Partin said in an interview Sunday. “But we became aware that power outages were steadily increasing. Generators are a big item.”Entergy Louisiana LLC, the main provider in the state with 1.08 million customers, reported that about 71,600 were affected. Almost 43,500 out of Cleco Corp.’s nearly 285,000 customers were without power. Home Depot didn’t see the need to create a separate command center at its Atlanta headquarters to deal with Barry, which was downgraded from a Category 1 hurricane. The retailer has done that for more devastating natural disasters, such as last year’s Hurricane Michael and 2017’s Harvey.“We didn’t think it was warranted to stand up several hundred people to watch it rain,” Partin said.Post-Storm SpendingHurricanes can be a boon for home-improvement retailers like Home Depot and rival Lowe’s Cos. Additional sales of plywood, pumps, generators and other items in the wake of 2017’s destructive hurricanes in Florida and Texas boosted Home Depot’s sales in the fourth quarter of that year by $380 million. But in the same quarter the following year, lower hurricane spending weighed on the company’s performance and shares.Lowe’s, which has 46 stores in the affected region, said it activated its emergency command center located in Moorsville, North Carolina. “Our command center is active and working to get needed products to our stores as quickly as possible,” a Lowe’s spokeswoman said by email.Barry came ashore near Intracoastal City -- about 125 miles west of New Orleans -- in Louisiana and as of 10 a.m. local time the top sustained winds had declined to 40 miles (65 kilometers) per hour, the U.S. National Hurricane Center said. As much as 25 inches (64 centimeters) of rain could fall in some areas of the state, according to the NHC. The storm will weaken to a depression Sunday and could degenerate completely by Monday or Tuesday, the hurricane center said.\--With assistance from Brian K. Sullivan.To contact the reporter on this story: Matthew Boyle in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Crayton Harrison at email@example.com, Kevin Miller, Tony CzuczkaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The Nasdaq composite has rallied nearly 13% from its June 3 low, underscoring the power of the current rally since a key follow-through day on June 7.
The Zacks Analyst Blog Highlights: Atlantic Power, Howard Hughes, Royal Gold, Apple and Home Depot
On Thursday, Goldman Sachs initiated coverage on Home Depot and Lowe’s with “buy” ratings and price targets of $235 and $119.
Jim Cramer highlights companies that can grow so big they make their own destinies: Walmart, Amazon, Target, Costco and Home Depot.
Home Depot has long been known as the place to go if you need to fix something around the house. Now it has its own problem to fix. The company’s co-founder Bernie Marcus recently said in an interview that after donating $7 million to help elect Donald Trump in 2016, he plans to donate again to his 2020 re-election campaign. Social media (or at least a chunk of it) was not thrilled, and thus BoycottHomeDepot started trending on Twitter, with plenty of former customers pledging to stop shopping there. Home Alone Home Depot pointed out that Marcus retired from the company in 2002, and made the donation as a private citizen, not as a representative of the company, which does not endorse political candidates. As you can expect, Trump weighed in on this, calling the customer boycott “vicious and totally crazed.” The Bern Marcus also made it clear he is no fan of a higher profile Bernie. In response to this and several other criticisms Senator Sanders has received of late, the Presidential candidate just unleashed his list of anti-endorsements, a collection of CEOs that have spoken out against him, saying “In the words of President Franklin Delano Roosevelt: 'They are unanimous in their hate for me–and I welcome their hatred.'" Having A Say While Marcus didn’t make the donation as a current CEO, that is a distinction that the general public might not make, or even care about. It also overlaps with a sustained interest shareholders have in knowing what the companies they invest in are spending their money on, or who they might be donating to. If you don't like who they are donating to, remember you have a say. -Michael Tedder Photo: Mario Anzuoni / REUTERS
Nationwide raids to arrest thousands of members of undocumented immigrant families have been scheduled to begin Sunday, according to a New York Times report. Meanwhile, Miriam Adelson has an idea for the Jewish Bible.
Powell says trade uncertainties and worries about global growth continue to weigh on the U.S. economy, which is likely to lead the central bank to lower rates soon.
Chris Graja, an analyst for Argus Research, chose Home Depot (HD) as his favorite investment idea for 2019. The stock has since risen 22%. Here's his latest update on the home and building products retailer.
Billionaire Home Depot co-founder Bernie Marcus is facing backlash after he said he plans to support President Trump's reelection. Now critics are calling to boycott Home Depot. Yahoo Finance's Seana Smith and Brian Sozzi discuss.