The adage that it “takes two to tango” is spot-on when discussing the U.S. economy this year. Much of Wall Street sees a recession, continued inflation (albeit lower than 2022), more interest rate hikes (which will bring the Federal Reserve’s terminal or final rate to 5.00% to 5.25%) and a host of other domestic and global issues. Those who see things through a more negative lens are the strategists that expect a hard landing for the economy. A new Goldman Sachs research report highlights stocks the firm feels will do well in a soft or hard landing. Note that the strategists at the bank are not as negative as others on Wall Street:
Altria Group Inc. (NYSE: MO) is the parent company of Philip Morris USA. Bunge Ltd. (NYSE: BG) operates as an agribusiness and food company worldwide. It operates in the following segments. Constellation Brands Inc. (NYSE: STZ) is a leading global producer and marketer of beverage alcohol. Lowe’s Companies Inc (NYSE: LOW) has more than 2,000 stores in the United States and Canada. Microsoft Inc. (NASDAQ: MSFT) develops, licenses and supports software, services, devices, and solutions worldwide. Pfizer Inc. (NYSE: PFE) discovers, develops, manufactures, markets, distributes and sells biopharmaceutical products worldwide.
Source: Wall St. 24/7
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While your golden years might be decades away, it’s never too early to plan ahead, particularly with cheap retirement stocks to buy now. Usually, the basic formula for retirement plays focuses on fiscal stability, reliable growth, and passive income. Unfortunately, the best enterprise that meets these attributes tends to be pricey. To mitigate this situation, you can instead target cheap retirement stocks to buy. And by cheap, we’re not talking about securities that are priced “low” for their own sake. Rather, these enterprises may be overlooked for whatever reason. But if you’re willing to step a bit outside your comfort zone, these ideas could be intriguing.
Put extra gold in your golden years with these cheap retirement stocks to buy now. Archer Daniels Midland (ADM): ADM features a consensus strong buy from analysts. Hormel Foods (HRL): Hormel delivers a balanced profile for a retirement play. Vale (VALE): Vale commands exceptional long-term relevance. Phillips 66 (PSX): Phillips 66 stands to benefit from normalization trends. Marcus (MCS): Marcus is an aspirational investment in demographic dynamics. Nucor (NUE): Nucor might benefit from the infrastructure buildout. IBM (IBM): IBM remains a sleeper pick in the tech ecosystem.
Source: InvestorPlace
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The S&P 500 Index is owned and maintained by Standard & Poor's, a division of McGraw-Hill. The index was first published in 1957 and is the second most recognized index in the U.S. behind only the Dow Jones Industrial Average. Stocks included in the S&P 500 are large publicly companies that trade on either the New York Stock Exchange or the NASDAQ. Most of the stocks are U.S. based companies. However, there are a few companies with headquarters in or incorporated outside of the U.S. For many investors, the S&P 500 represents the U.S. stock market and this index is used as a benchmark for many portfolios.
Not all stock in the index pay dividends, but many of the best known dividend growth stocks are part of the index. The dividend Aristocrats is a subset of the S&P 500 and is limited to stocks that have increased their dividend for 25 or more years. This week week, I screened my dividend growth stocks database for stocks that are members of the S&P 500 and have a yield of 4.75% or more. The results are presented below...
Source: Dividend Growth Stocks
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For most investors, the new year brings with it new opportunity. With all three major U.S. stock indexes falling into a bear market last year, investors are hopeful that history will follow course, once again, and eventually send the broader market higher. Among the Dow Jones Industrial Average's 30 components, there are three supercharged dividend stocks begging to be bought.
The first high-yield Dow Jones Industrial Average stock that's begging to be bought in the new year is telecom stock Verizon Communications (VZ). Verizon is the highest-yielding Dow component (6.3% yield) and shouldn't have any trouble sustaining its inflation-fighting dividend with a payout ratio of a little over 50%. The second high-yield Dow Jones stock that's a screaming buy in 2023 is semiconductor giant Intel (INTC). Historically speaking, Intel's roughly 5% yield over the past four months is the highest it's been in four decades. The third high-yield Dow stock that stands out as a screaming buy in 2023 is pharmacy chain Walgreens Boots Alliance (WBA). Like Intel, Walgreens is sporting its highest yield in about four decades (5.3%). Further, it's increased its base annual payout for a jaw-dropping 47 consecutive years. Suffice to say, this dividend is rock solid.
Source: Motley Fool
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Last year was brutal for the real estate investment trust (REIT) sector. Rising interest rates created two headwinds for the industry. They made it more expensive to borrow money, making it harder for REITs to finance investments. Meanwhile, higher rates made lower-risk investments like government bonds and bank CDs more attractive to income-focused investors, causing REIT stock prices to fall to compensate investors for their higher-risk profiles. These issues caused REITs to lose about a quarter of their value on average last year.
Some REITs were down even more due to additional pressure points. Two particularly hard-hit REITs were Digital Realty (NYSE: DLR) and Medical Properties Trust (NYSE: MPW), which have plunged more than 40% since the start of 2022. While those REITs were down sharply last year, they could bounce back big-time in 2023.
Source: NASDAQ
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