[Editor's note: This story was previously published in November 2018. While it has been edited and republished, some nonessential information may no longer be current.]
No matter where we are in the investing cycle, dividend stocks never go out of style. However, it's during times of unpredictability that investors seek out dividend aristocrats. But despite, there are other dividend stocks out there that are still worth checking out despite not being in this exclusive club.
Regardless of the dividend stock's status, investors must consider the following when looking at good income stocks to buy: Investors should select a company that has a history of steady increases in dividend distributions, has growing cash flow every year and is still trading a discount or up to fair value.
With that in mind, here are the seven dividend stocks that are worth your money:
Ford (F)
Source: Shutterstock
Starting with one of the most cyclical but most dependable in dividend income on this list, Ford (NYSE:F) offers a dividend yielding 5.8%.
The selling pressure F stock saw near the tail-end of 2018 was replaced by a bit more optimism in 2019, as F stock slowly accelerated throughout 2018 as markets fretted over a U.S.-led trade war that hurt car sales. Selling finally capitulated in late-October, with Ford stock falling to below $8.17 before rebounding.
But the company's quarterly earnings report offered no evidence that business was so bad the stock deserved to fall. Instead, Ford reported a solid earnings-per-share and revenue beat of 29 cents (non-GAAP) and $37.67 billion, respectively.
The economic cycle may hurt auto sales, but Ford is ready to take on the challenging environment. It benefited from a strong product mix in North America, driving revenue up 3% year-over-year. Cash of $23.7 billion and cash liquidity of $23.7 billion suggests Ford will not cut the dividend any time soon. It may even issue a special dividend if truck and SUV sales exceed estimates in 2019.
Philip Morris International (PM)
Source: Shutterstock
Philip Morris International (NYSE:PM) has a dividend yielding 5.8%.
Rumors that the U.S. Food and Drug Administration plans to impose restrictions on e-cigarette sales hurt PM's stock price slightly. Still, the stock is holding up better than other cigarette suppliers.
Philip Morris is adapting to the change in smoking habits. It continues to invest in its IQOS device, which has helped the company significantly in the longer term. In Q3, the margin impact of lower IQOS device sales lifted operating income by 7.6%. IQOS 2 launched at the end of 2018 in Japan with notable success. By offering an alternative to cigarette smoking as consumers embrace the heated tobacco system, this company will bring in revenue growth quarter-after-quarter.
And with that trend playing out, management may reward its loyal investors by increasing its dividends in the years ahead.
Dominion Energy (D)
Source: Shutterstock
Dominion Energy (NYSE:D) has a dividend yield of 4.8%, which is down since June and for a good reason: The stock rallied from $61.53 and closed recently around $77.12.
The company's stock has started to rise out of its 2019 range, but it still has some legroom to run. Dominion Energy earned $1.15 a share and $3.16 so far for the nine months of the year. Power generation, power delivery and gas infrastructure revenue all came within the guidance range midpoint.
For the full-year 2018, Dominion Energy expects EPS in the range of $3.95 – $4.10. Its 2017-2020 operating EPS CAGR will be 6% – 8%.
Income investors may look forward to the completion of the SCANA merger later this year, as Dominion's business plan includes a diverse growth capital investment program that will spread its business risks.
Ultimately, this dividend stock is worth considering when you consider that it is starting a variety of businesses, has an improved risk profile, strong earnings results.
Chevron (CVX)
Chevron (NYSE:CVX) is a major integrated oil and gas firm with a dividend yield of 4%.
Chevron's upstream operations found a boost at the end of 2018 going into 2019, earning 828 million — a vast improvement from a loss of $26 million last year. The unit benefited from crude oil prices moving higher, while the company increased production.
Meanwhile, CapEx levels are trending slightly higher at 5% above expectations. YTD, it is $600 million above its plan. The company expects cost trends to level out and savings to be realized over time, all of which bodes well for CVX in the future.
Iron Mountain (IRM)
Source: Shutterstock
At 7.5%, Iron Mountain Incorporated (NYSE:IRM) offers one of the highest dividend yields on this list of dividend stocks to buy.
The company recently reported impressive third-quarter results, which were supported by internal storage rental revenue and margin expansion.
In Q3, revenue rose 12%, while adjusted EBITDA jumped 15%. These results allowed the company to declare a 4% increase in its Q4 dividend payout. Iron Mountain benefited from rental revenue growing 2.6% so far this year. Internal service revenue growth of 5.2% is due to grow in the shred business, digitization and special projects.
Markets often question the sustainability of Iron Mountain's dividend, but the NOI CAGR of 3.1% for Physical Storage, plus its expansion in emerging markets and data center, suggest the company will grow EBITDA through the end of 2020. If business keeps up at this strong pace, the share price will go up, lowering the dividend yield. But management may just hike the dividend in the future to keep its yield attractive while rewarding its shareholders.
The takeaway here is that Iron Mountain is in the process of shifting its business into new segments. It has time to make the conversion because its borrowing was at a fixed-rate, averaging 4.8%. Even as rates move higher, Iron Mountain's interest rate costs will not go up enough to hurt the dividend payout.
BCE Inc (BCE)
Telecom giant BCE Inc (NYSE:BCE) is a Canadian firm whose dividend yields 5.6%.
It is this high because the stock fell steadily throughout 2017, down 16.6% from a 52-week high. Bell allayed fears of any business weakness when it reported a good third-quarter report. It added 266,000 wireless, internet and IPTV customers, an increase of 78,000 or 41.5% from last year. In the more important wireless division, Bell added 178,000 wireless customers — the best ever for a Q3 period. This added 5.9% in revenue growth and 4.5% higher adjusted EBITDA.
Q3 is seasonally the weakest period for Bell, but the firm reported a 1.1% increase in revenue.
In 2019, BCE will cut 4% of its management staff (700 positions). The capital intensity ratio will fall along with total cash pension funding. In effect, the cost controls will keep profit margins strong while the firm continues to pay out a dividend to shareholders.
Sure, investors could consider AT&T (NYSE:T) as an alternative, especially given that the dividend is 6.5%. But since BCE is a pure play in wireless and internet markets, with little exposure to content other than its CTV unit, it has a distinct advantage depending on your investment approach. And for that reason, I chose BCE instead.
BP (BP)
Source: Shutterstock
BP (NYSE:BP) is a major integrated oil and gas firm whose stock pulled back 14.55% from yearly highs. The dividend yields 6.1%, which is elevated because oil prices fell recently and took BP stock down with it.
However, markets are quick to forget BP's solid third-quarter beating consensus estimates. The firm reported profits of $3.8 billion, more than double that of last year's level. Revenue grew a staggering 32% from last year to $79.5 billion. After dropping from $47.83 to below $41, the market is signaling that it does not believe the company will report profit growth with oil prices lower.
BP is well-prepared for an even bigger drop in oil prices. Over the years, it shed non-core assets, strengthened its balance sheet and continued paying a dividend despite the fluctuations in oil prices. Its underlying cash flow inflow is balanced with the outflow of organic capital expenditure and dividends. Should cash flow fall due to lower oil prices, BP may sustain its dividend but lower spending.
To keep growing in the future, BP has five major projects currently in operation: Thunder Horse Northwest Expansion, Western Flank B, Atoll, Taas Expansion and Shah Deniz 2.
BP's outlook is bright. It is shedding over $3 billion in assets and spending ~ $15 billion in capital expenditure in 2018. In the upcoming fourth quarter, it forecasts higher production from upstream. Downstream will benefit from higher levels of a turnaround thanks to its Whiting refinery in the U.S.
Will oil prices keep falling? No one knows, but BP is prepared. It forecast EPS growth through to 2021 on ~ 50/bbl in 2018 and just $35 – $40/bbl by 2021. In short, if oil prices hold $60 -$65 for the next few years, investors get a dividend and BP stock will keep going up.
As of this writing, Chris Lau owned shares of F and BP.
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U.S. Stocks were moving higher on Wednesday after earnings from Apple (NASDAQ:AAPL). However, a Fed meeting threw bulls a curveball, as investors try to digest the news without giving up recent gains. While the Fed didn't say much to derail the rally, indices are slightly lower on the day. Let's look at a few top stock trades going into Thursday.
Top Stock Trades for Tomorrow #1: CVS Health
Shares of CVS Health (NYSE:CVS) have consolidated wonderfully near this $52 level. On Wednesday, shares jumped 6% after it reported earnings, giving it a nice weekly gain. The move also put CVS over the 10-week moving average.
The next test for bulls comes near $58, which was the low about a year ago. If it can get through there, it has potential downtrend resistance at $60 and some room to run above that if it can clear it.
The ideal setup? A pullback this week or next week to the 10-week moving average, which holds as support. That will give investors a chance to gobble up CVS.
Top Stock Trades for Tomorrow #2: Twilio
Very impressive earnings fromTwilio (NYSE:TWLO) initially sent the stock higher on Wednesday. However, the rally has proven to be too much, too fast, with shares giving up all the gains in the session.
Now we have to see where support steps up. Is it the 20-day moving average? For aggressive bulls, that means buying this pullback right here, right now. For more conservative buyers, perhaps a little lower at the 50-day is a more ideal entry.
$120 was notable short-term resistance and then short-term support, so this may be a reasonable level to get long as well. The point being, let's scoop up TWLO on a pullback. Some may prefer to wait for "the big one," and I would too.
But we have to be aware that it's possible a mega pullback doesn't develop any time soon. If it does, maybe we can get TWLO near $103. We'll see. Otherwise, look to see if we get another move up to $135.
Top Stock Trades for Tomorrow #3: Amgen
Amgen (NASDAQ:AMGN) stock is down 2% after disappointing earnings. Earlier this month, AMGN broke below range support between $177.50 and $180.
On a rebound to this level, AMGN failed to get above it — even on earnings. Shorts can use a close over this level as their stop-loss, and shoot to take out Wednesday's lows. Above range support and see how AMGN does with the 20-day moving average.
Top Stock Trades for Tomorrow #4: Alibaba
We're finally getting the breakout we were looking for Alibaba (NYSE:BABA). Now over $188, it will be interesting to see how far BABA can go. Is it $192? $195? Maybe even $200?
We'll have to see. But those buying now may want to see if they can get BABA on a lower open on Thursday and use the prior breakout zone as their stop-loss. Otherwise, investors should move on. A pullback to the $188 level that holds as support may also be attractive to some investors.
Top Stock Trades for Tomorrow #5: Estee Lauder
Estee Lauder (NYSE:EL) has been a thing of beauty — no pun intended. The company beat on earnings estimates and raised its outlook. It led to a monster rally that has since given up all of its gains on Wednesday.
The action is disappointing, although not all that surprising. Consider just how much this stock is up — still higher by 26% — from its February rally. Aggressive bulls can be long this stock against uptrend support (blue line) and the 20-day moving average.
Below that and I'd wait for a test of the 50-day, but it's possible EL needs some time to reset.
Bret Kenwell is the manager and author ofFuture Blue Chips and is on Twitter@BretKenwell. As of this writing, Bret Kenwell is long AAPL.
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SCNA REPORTS REVENUES OF $676K FROM GREENHOUSE COMPLETION!
Dear Investor,
The marijuana industry is ramping up another very exciting year for investors. Many solid cannabis companies hit major markets expanding their exposure.
Also, with the continued push for full legalization, this could provide the next marijuana boom for U.S companies! The Hemp Farming Act of 2018 was a proposed law to remove hemp (defined as cannabis with less than 0.3% THC) from Schedule I controlled substances and making it an ordinary agricultural commodity. Its provisions were incorporated in the 2018 United States farm bill that became law on December 20, 2018.
The unique thing about this company is that they install automated greenhouses and cultivation systems for licensed marijuana growers.
This company accomplishes these services by creating an environment that fosters the growth of plants and protects them from chemicals and toxins in the air. Keeping the plants safe from contaminated chemicals is the primary function of any efficient greenhouse.
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Mother's Day 2019 is on Sunday, May 12. Mark it on your calendar because the clock is ticking and the number of shopping days left is quickly winding down.
This year, it might be a good idea to skip the flowers and brunch (okay maybe not the brunch) and consider something that doesn't always make it onto the typical Mother's Day gift shopping list … like a high-tech gadget. It's not just dads that are into technology.
We've put together a list of 10 gadgets that moms might love — 10 of the hottest high-tech gadgets for Mother's Day 2019.
Nixplay Seed Wave Wi-Fi Photo Frame
Source: Nixplay
The $249.99 Nixplay Seed Wave makes a great gift for a mom who loves to be surrounded by photos of her family and friends — even if they live far away. It's even better if she loves music.
This is a 13-inch widescreen Wi-Fi connected digital photo frame. Photos look great on the big display. Because it's Wi-Fi connected, invited friends and family can upload photos to share, from anywhere in the world. Mom can even connect to her favorite social media accounts for photos. Discretely hidden on the back of the Seed Wave is a Bluetooth speaker with a pair of 5W speakers, perfect for streaming music.
Lemuro
Source: Lemuro
If mom likes using her iPhone to take pictures, but wishes Apple (NASADQ:AAPL) was a little more adventurous with its camera technology, there's a great new option in Lemuro lenses.
The company offers a range of premium optical lenses — including wide angle, telephoto and macro options — that make the iPhone's camera far more capable. Simply attach a Lemuro lens onto the custom case, and the iPhone's camera gets an instant upgrade. The lenses themselves (starting at $85) are made of aluminum with precision optics, and are engineered in Germany. The company offers a range of stylish Photo Cases (starting at $29.00), which are available in brilliant colors and varying finishes.
Apple Watch Series 4
Source: Apple
Smartwatches make great gifts, and the most popular choice continues to be the Apple Watch.
The latest Apple Watch Series 4 is stylish, powerful and benefits from a display that's larger, more detailed and brighter … without making the smartwatch itself larger. Besides health and fitness capabilities, room to store hours worth of music and the ability to run apps, the Apple Watch Series 4 ($399+) has the benefit of a built-in ECG test.
Casetify Apple Accessories
Source: Casetify
If your mom already owns an Apple device like an iPhone, iPad or Apple Watch, an accessory to dress it up makes a great gift.
Casetify carries an incredibly huge selection of options to change up the look of her favorite Apple device, often while offering protection as well. They are also affordable, often costing less than Apple's own versions.
Buckle and Seam Bag
Source: Brad Moon
Does your mom love the look and feel of leather bags? I've reviewed a few offerings for Forbes from Buckle & Seam, including this messenger bag, which is ideal for carrying a laptop in style.
Buckle & Seam bags may be a little more expansive than the ones off the shelf, but they are very well made with premium materials, and offer customization options like being able to choose from the interior lining pattern and adding a monogram. In addition, products made by this company help support the education of girls in Pakistan, so you can feel even better about giving one as a gift.
Nanoleaf Canvas
Source: Nanoleaf
Nanoleaf Canvas is one of my current tech obsessions. I have these panels all over my office walls. They'd make a great choice as a gift for mom as well. These are high-tech smart lights that do all the expected cool stuff like respond to voice commands from Siri, Alexa or Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google Assistant.
But Nanoleaf's Canvas smart lights are square panels that interlock and mount to the wall, forming patterns. They can pulse to music, and respond to touch as well. You can pick up a starter kit for $249.99 that includes everything needed, including nine light squares.
Kobo Forma eReader
Source: Kobo
Many moms would like nothing better than to be able to escape the craziness of work and family life for an hour, and curl up with a glass of wine and a good book. While your first impulse may be a Kindle eReader from Amazon (NASDAQ:AMZN), the best eReader I've ever tested is the new Kobo Forma.
The $279.99 Kobo Forma is thin, light and stylish, with a huge display that is razor-sharp. Page turns can be done with swipes or using its physical buttons. It's waterproof, making it safe for use around the pool, beach or in the bath tub. With integrated Overdrive support, eBooks can be borrowed from public libraries directly from the Forma. And thanks to a recent partnership with Walmart (NYSE:WMT), its easier than ever to buy Kobo eBooks in-store as well as online.
ICEMULE Jaunt Cooler
Source: ICEMULE
Everyone can use a good cooler, but not everyone wants to be lugging around a huge chest that weighs a ton and looks like military surplus.
ICEMULE has a high-tech cooler option that keeps four bottles of wine cold for 24-hours, can be worn comfortably as a backpack, rolled up when not in use, and is also available in fashionable colors. The $69.95 Icemule Jaunt features an integrated air valve, so it can be inflated for extra insulation and comfort, then deflated when it's ready to be stashed away.
myBOOM Customized BOOM 3 Bluetooth Speaker
Source: Ultimate Ears
You can make mom feel like a celebrity and give her the gift of premium portable audio. Ultimate Ears has a well-deserved reputation for making some of the best portable Bluetooth speakers around. They sound great, look great, have long battery life and they're waterproof.
For a $30 premium over the price of the company's Boom 3 speaker (bringing the total to $179.99), myBOOM Studio lets you completely customize its look, including the speaker mesh fabric. You also get to add 20 characters of text to the speaker.
Mom will have to wait three to four weeks for delivery, but you'll have a picture of her customized BOOM 3 speaker to slip in a card from myBOOM Studio in the meantime.
The Cotodama Lyric Canvas isn't cheap. In fact, at $1,700 it's pretty expensive. But it sounds good and, most importantly, it becomes actual artwork. The Lyric Canvas is connected to an internet database with lyrics to over 2 million songs.
As music plays, the speaker displays those lyrics in various ways on its chalkboard-like black display. It's inspirational decor, but a high-tech version that changes with the music.
As of this writing, Brad Moon did not hold a position in any of the aforementioned securities.
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Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200.
This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15.
Short-term outlook turned to become bearish towards 1.1280 (61.8% Fibonacci) then 1.1235 (78.6% Fibonacci).
For Intraday traders, the price zone around 1.1235 (78.6% Fibonacci) stood as a temporary demand area which paused the ongoing bearish momentum for a while before bearish breakdown could be executed on April 23.
Currently, the price zone around 1.1235-1.1250 has turned into supply-zone to be watched for bearish rejection.
Two days ago, a recent bullish head and shoulders pattern was being demonstrated around 1.1140 on the H4 chart.
That’s why, conservative traders were suggested to wait for another bullish pullback towards 1.1230-1.1250 for a valid SELL entry.
Trade recommendations :
Conservative traders can look for a valid SELL entry anywhere around the current price levels (1.1250).
S/L should be located above 1.1280 while Target levels canbe located around 1.1170 and 1.1130.
The material has been provided by InstaForex Company – www.instaforex.com 2019-05-01 17:13:10
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The end of April and the beginning of May isn't just a transition from one month to the next. For investors, the turn of the calendar between these two particular months marks an end to the best six months of the year for stocks and a move to the weakest six months of the year. The whole "sell in May" thing is rooted in reality.
Just because the broad tailwind has stopped blowing, however, doesn't necessarily mean every stock is ready to stagnate here. It just means investors should be more selective than they might normally be.
With that as the backdrop, here's a rundown of some of the top stocks to buy — rather than sell — as the month of May gets going. These picks have demonstrated some sort of edge headed into this slow time of year. Either there's budding technical bullishness in play, or extreme value, or in many cases, both. In no particular order…
Molson Coors Brewing (TAP)
Beer giant Molson Coors Brewing (NYSE:TAP), the company behind brands like Bergenbier, Blue Moon and of course Molson, had a rough go of things between late-2016 and late 2018. All told, TAP stock fell more than 50% from peak to trough in response to a sales slowdown that ended up crimping earnings.
Challenges remain. So do doubts. Two years of misery will force a company to regroup, though, and without saying as much, enough bulls have plowed in at recent long-term lows to snap Molson Coors shares out a well-framed downtrend and back above the 200-day moving average line for the first time since early 2017.
The kicker: Revenue is expected to stabilize next year, reversing the earnings decline. That is, this year's projected profit of $4.76 per share is forecasted to grow to $4.92 per share next year. That appears to be just enough to spur some new bullishness.
The breakup has been inspired by the same reason for all corporate splits — as a means of unlocking value and letting each unit operate without being distracted by other unlike business arms.
In this instance, however, there's a nuance that's making DWDP one of the top stocks to by before or after the impending separation of Corteva. That is, traders are already starting to file back into the stock after a rough 2018, suggesting they already realize the upside of the breakup.
Take the hint at face value, particularly if DWDP shares can push above the technical ceiling waiting at $40.43.
Expedia Group (EXPE)
Years ago, when the internet was still young, the tourism industry struggled to connect with consumers online. Online travel arrangement middlemen like Expedia Group (NASDAQ:EXPE) filled a gap quite nicely.
That ceased to be the case a couple of year ago, however. Weary of sharing revenue with players like Expedia, airlines, hotels, car-rental agencies and everyone stepped up their online games and got serious about bypassing online travel agents. Expedia, along with Booking Holdings (NASDAQ:BKNG) and Trivago (NASDAQ:TRVG), were unable to demonstrate their actual value to the customers they were serving.
That's starting to change, at least for Expedia, if the chart's recent action is any indication. After a rough 2017 and 2018, we're starting to see higher lows. Better yet, analysts anticipate revenue growth of 10% this year and next year, which should start to drive even more earnings growth now that the company has finally found its place again.
Though "Enterprise" got off to a good start, shares of HPE stock haven't made any net progress since August of 2016. It's not because the company hasn't been doing what it's supposed to do though. While sales growth has been anemic — and will continue to be so through next year — Hewlett Packard Enterprise has been able to leverage its leadership in the hybrid cloud arena into better margins. Last year's earnings of $1.56 per share are expected to grow to $1.65 this year, and reach $1.75 per share next year.
Many investors may have never even heard of PerkinElmer (NYSE:PKI). But, don't mistake a lack of familiarity for a lack of size or strength. It's just a name that's doing a great deal of work behind the front lines of the healthcare world.
PerkinElmer is a diagnostics outfit, helping caregivers diagnose and identify all sorts of medical problems. The company even offers environmental and food testing solutions. It's far from a sexy, headline-grabbing business, but it's reliable, and PKE is one of the best stocks to buy in this uncertain environment. Much like the company's top and bottom lines, PerkinElmer's stock's uptrend isn't thwarted for very long.
The bullish case is bolstered by the recently reported first-quarter beat, which was followed by upped guidance. Even that may underestimate what's in store, however. For the past 12 quarters, PerkinElmer has only missed estimates twice, and has beat estimates nine of those times.
ResMed (RMD)
ResMed (NYSE:RMD) shares took one on the chin in January, losing 20% of its value after falling short of its fiscal Q2 revenue projection. The pros were calling for a top line of $673 million, but the company only reported $651 million.
In retrospect, however, traders appear to realize they overshot their bearish target. RMD has reclaimed nearly half of what it lost in that one rough day, and the bulls continue to test the waters of higher highs.
The pros are getting (back) on board too, with JP Morgan upgrading the stock last month, and Deutsche Bank upgrading it to a "buy" in March. JP Morgan's upgrade in April, in fact, reversed the knee-jerk downgrade the firm dished out on RMD immediately after that ill-fated earnings report. Looking back, JP Morgan's analysts still seem to appreciate this year's and next year's revenue is expected to grow by double-digits.
The kicker: This is a bullish time of year for healthcare equipment names like ResMed. These stocks gain, on average, about 5% between early March and late July.
Mohawk Industries (MHK)
Mohawk Industries (NYSE:MHK) may not be a red-hot growth machine, but it doesn't have to be. Priced at only 11.5 times its forward-looking profit, Mohawk is a solid value prospect.
Mohawk, of course, is the flooring company that's been around for ages. At one time only a carpet name, it has since diversified into tile, laminate and even countertops.
Shares took a sizable tumble in 2018, falling from a high near $287 to a low around $109 in December of last year. The selloff reflected an admittedly disappointing year, marked by a sharp dropoff in revenue and earnings.
The bears arguably hit it a little too hard, though, and this week's strong gains renew a rebound effort that got started in earnest in February. A break above the 200-day moving average line around $143 and the February high around $144.50 would seal the budding deal.
Alexion Pharmaceuticals (ALXN)
Alexion Pharmaceuticals (NASDAQ:ALXN) isn't exactly a mainstream name, but give it time — that could change.
Alexion's portfolio consists of four drugs, with a handful more in the pipeline. And, it's a perfect mix. Soliris is the breadwinner, driving $3.56 billion in sales last year, but a couple of its other, smaller drug saw sales growth of 40% in 2018. The mix of stability with strong growth translates into widening margins, and this year is shaping up to be a real profit breakout. Driven by almost 16% sales growth, analysts expect per-share earnings to swell from last year's $7.92 to $9.47.
The stock has been stuck in a sideways range since 2017, but the budding effort to break back above $141 could be catalytic.
Retail Properties of America (RPAI)
The headlines suggest the so-called retail apocalypse is in full swing. The numbers suggest otherwise. Consumer spending grew 0.9% in March, which was the best single-month improvement in almost a decade. Calm inflation and rising wages are proving to be a real boon, and with the Federal Reserve in no particular hurry to raise interest rates, real estate remains cheap and easy to finance.
Enter Retail Properties of America (NYSE:RPAI). This retail real estate investment trust (or REIT) was on its heels for the better part of 2017 and 2018, with investors concerned the company was on the wrong side of two different but related trends… interest rates and slowing retail consumption.
Now, however, the bulls are quietly toying with a turnaround. A move above the technical ceilings at $13 and then $13.30 could prove game-changing.
Hologic (HOLX)
Finally, add Hologic (NASDAQ:HOLX) to your list of stocks to buy in May.
Hologic is another diagnostics and testing name. Like most other organizations in the industry, red-hot growth isn't in the cards, but steady progress is. Only once since 2010 has the company failed to drive year-over-year quarterly sales growth.
Though not without its ups and downs, the stock's long-term history reflects this consistency.
The action seen over the course of just the past few days, though, makes HOLX a compelling prospect right now. After rushing higher early this year and developing an overbought condition by March, profit-takers dug in. It was where and how the rebound took shape that's telling. All it took was a kiss of the pivotal 200-day moving average line to rekindle the rally effort. The steep stumble simply hit the 'reset' button and cleared the decks for what could end up being a lengthy climb.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley.
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The Fed announced its decision to leave its policy interest rate range unchanged at 2.25-2.50 percent as expected
US inflation continues to fall while consumer spending and business fixed investment slowed
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The Federal Reserve just released its latest monetary policy update which announced the central bank's decision to remain on the sidelines and leave its target interest rate range unchanged at 2.25-2.50 percent. The verdict comes as expected according to overnight indexed swap pricing seeing that markets were pricing only a 2.2 percent chance that the Fed would move on rates today.
OIS FED FUTURES RATE CHANGE PROBABILITY FOR MAY 2019 FOMC MEETING PRICE CHART: DAILY TIME FRAME (AUGUST 01, 2018 TO MAY 01, 2019)
The updated press statement highlighted that "economic activity rose at a solid rate" over the intermittent period. This compares to language from the Fed's March meeting press release which stated "economic activity slowed from its solid rate in the fourth quarter." The Federal Reserve also noted further declines in inflation while growth in household spending and business fixed investment slowed as well.
Unsurprisingly, the FOMC reiterated its intent to remain patient as it observes incoming data and economic developments in determining what future adjustments it will make to the target federal funds rate. Labor market conditions, inflation indicators, in addition to readings on financial and international developments were underscored as areas that the Fed will continue to monitor closely.
DOW JONES INDEX PRICE CHART: 1-MINUTE TIME FRAME (MAY 01, 2019 INTRADAY)
The Dow Jones began to tick higher immediately following the FOMC press release.
DXY US DOLLAR INDEX PRICE CHART: 5-MINUTE TIME FRAME (MAY 01, 2019 INTRADAY)
On the other hand, the DXY US Dollar Index slid further into negative territory on the day.
Markets are currently listening to Fed Chair Jerome Powell speak at the podium as he provides follow-up commentary on the FOMC’s latest position.
Please check back shortly for the full market alert.
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– Written by Rich Dvorak, Junior Analyst for DailyFX
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[Editor's note: This story was previously published in March 2019. It has since been updated and republished.]
It's a different market than it was at the beginning of 2018.
It's a choppier, more cautious, environment. That's not a bad thing, however. After a basically uninterrupted post-election rally, several stocks have seen pullbacks that provide more attractive entry points. Others simply haven't received their due credit from the market.
While there might be reasons for caution overall — higher interest rates, trade war concerns — more opportunities exist as well.
This more and more looks like a "stockpicker's market." For those stockpickers, here are 10 stocks to buy that look particularly attractive.
Exxon Mobil (XOM)
Past year performance: 3.9%
I'm as surprised as anyone that Exxon Mobil Corporation (NYSE:XOM) makes this list. I've long been skeptical toward XOM. The internal hedge between upstream and downstream operations makes Exxon stock a surprisingly poor play on higher oil prices. Overall, it leads XOM to stay relatively rangebound — as it has been for basically a decade now.
With the dividend over 4% and a 14.5 times forward price-earnings (P/E) multiple, Exxon Mobil stock looks like a value play. Meanwhile, management is forecasting that earnings can double by 2025, adding a modest growth component to the story.
Obviously, there's a risk that Exxon management is being too optimistic. Years of underperformance relative to peers like Chevron Corporation (NYSE:CVX) and even BP plc (ADR) (NYSE:BP) has eroded the market's confidence. If Tesla Inc (NASDAQ:TSLA) can lead a true electri-0 car revolution, that, too, could impact demand and pricing going forward.
Nathan's Famous (NATH)
Past year performance: -15.5 %
In this market, recommending a restaurant owner, let alone a hot dog restaurant owner, might seem silly at best. But there's a strong bull case for Nathan's Famous, Inc. (NASDAQ:NATH).
NATH, too, has seen a steady decline since late 2018. The stock touched a 52-week (and all-time) high just over $100 in July 2018. It's since come down about 30%, yet the story hasn't really changed all that much.
Fiscal Q3 earnings in February were solid. The company's agreement with John Morrell, who manufactures Nathan's product for retail sale and Sam's Club operations, offers huge margins, while its bottom line continues to grow. Foodservice sales similarly are increasing.
The restaurant business has been choppier, but it remains profitable. The "mostly franchised" model there is similar to those of Domino's Pizza, Inc. (NYSE:DPZ) and Yum! Brands, Inc. (NYSE:YUM), among others, all of whom are getting well above-market multiples.
All told, Nathan's has an attractive licensing model, which leverages revenue growth across the operating businesses. And yet, at 13x EV/EBITDA, the stock trades at a significant discount to peers.
Bank of America (BAC)
Past year performance:3.8%
Bank of America Corp (NYSE:BAC) trades near its highest levels since the financial crisis, and has gained over 100% from July 2016 lows. Trading has been a bit choppier of late — no surprise for a macro-sensitive stock in this market — and there's a case, perhaps, to wait for a better entry point.
But I've liked BAC stock for some time now, and, as I wrote previously, I don't see any reason to back off yet. Earnings growth should be solid for the foreseeable future, given rising interest rates and a strong economy.
BofA itself has executed nicely over the past few years. The company's credit profile is solid and its stock has outperformed other big banks like JPMorgan Chase & Co. (NYSE:JPM). And tax reform and easing capital restrictions mean a big dividend hike could be on the way as well.
And despite the big run, it's not as if BAC is expensive. The stock still trades at less than ten times 2019 EPS estimates. Unless the economy turns south quickly, that seems too cheap. So it looks like the big run in Bank of America stock isn't over yet.
Roku (ROKU)
Past year performance: 71.8%
Roku Inc (NASDAQ:ROKU) undoubtedly is the riskiest stock on this list. And there certainly is a case for caution. The company remains unprofitable on even an Adjusted EBITDA basis. A 9x EV/revenue multiple isn't cheap.
But with more than 28 million active users, Roku is a fast-growing platform deserving of its high-ish multiple. This year, Roku looks to build a true content ecosystem — and from a subscriber standpoint, already has surpassed Charter Communications Inc (NASDAQ:CHTR) and trails only AT&T Inc. (NYSE:T) and Comcast Corporation (NASDAQ:CMCSA).
Again, this is a high-risk play — but it's also a high-reward opportunity.
Margins in the platform segment are very attractive and should allow Roku to turn profitable relatively quickly. International markets remain largely untapped. There's a case for waiting for a better entry point, or selling puts. But I like ROKU at these levels for the growth/high-risk portion of an investor's portfolio.
Brunswick (BC)
Past year performance: -13%
Down 13% over the past year, Brunswick Corporation (NYSE:BC) is due for a breakout. The boat, engine and fitness equipment manufacturer is trading around $51, and despite a boating sector that has roared of late, the industry leader has been mostly left out.
Efforts to build out a fitness business have had mixed results and may support some of the market's skepticism toward the stock. But Brunswick now is spinning that business off, returning to be a boating pure-play.
Cyclical risk is worth noting, and there are questions as to whether millennials will have the same fervor for boating as their parents. But at a nine times forward EPS, with earnings still growing double-digits, BC is easily worth those risks.
And if the stock finally can break through resistance, a breakout toward $70-plus seems likely.
Pfizer (PFE)
Past year performance: 17%
Few investors like the pharmaceutical space at this point — or even healthcare as a whole. But amidst that negativity, Pfizer Inc. (NYSE:PFE) looks forgotten.
This still is the most valuable drug manufacturer in the world. It trades at just 13 times forward EPS, a multiple that suggests profits will stay basically flat in perpetuity. To top it off, PFE offers a 3.4% dividend yield.
Obviously, there are risks here. Drug pricing continues to be subject to political scrutiny (though the spotlight seems to have dimmed of late). Revenue growth has flattened out of late.
But Pfizer still is growing earnings, with adjusted EPS rising 1.3% last year and guidance suggesting a similar increase this year. Tom Taulli previously cited three reasons to buy Pfizer stock — and I think he's got it about right.
Valmont Industries (VMI)
Past year performance: -4.3%
Valmont Industries, Inc. (NYSE:VMI) offers a diversified portfolio — and across the board, business has been relatively weak of late. The irrigation business has been hit by years of declining farm income. Support structures manufactured for utilities and highways have seen choppy demand due to uneven government spending. Mining weakness has had an impact on Valmont's smaller businesses as well.
Valmont is a cyclical business where the cycles simply haven't been much in the company's favor. Yet that should start to change. 5G and increasing wireless usage should help the company's business with cellular phone companies.
Irrigation demand almost has to return at some point. And a possible infrastructure plan from the Trump Administration would benefit Valmont as well.
Concerns about the tariffs on steel likely have hit VMI, and sent it back to support below $150. But many of Valmont's contracts are "pass-through," which limits the direct impact of those higher costs on the company itself. Despite uneven demand, EPS has been growing steadily, and should do so in 2019 as well.
And yet VMI trades at an attractive 16x multiple — a multiple that suggests Valmont is closer to the top of the cycle than the bottom. That seems unlikely to be the case, and as earnings grow and the multiple expands, VMI has a clear path to upside.
American Eagle Outfitters (AEO)
Past year performance: 16.5%
American Eagle Outfitters (NYSE:AEO) is one of the, if not the, best stocks in retail — and that's kind of the problem. Mall retailing, in particular, has been a very tough space over the past few years. And it's not just the impact of Amazon.com, Inc. (NASDAQ:AMZN) and other online retailers. Traffic continues to decline, which pressures sales and has led to intense competition on price, hurting margins.
But American Eagle has survived rather well so far, keeping comps positive and earnings stable. And yet this stock, too, trades at around 13.6x EPS, backing out its net cash. And American Eagle has an ace in the hole: its aerie line, which continues to grow at a breakneck pace.
The company's bralettes and other products clearly are taking share from L Brands Inc (NYSE:LB) unit Victoria's Secret. And the e-commerce growth in that business, and for American Eagle as a whole, suggests an ability to dodge the intense pressure on mall-based retailers.
In short, American Eagle isn't going anywhere. There's enough here to suggest American Eagle can eke out some growth, and a 2.48% dividend provides income in the meantime.
The stock already is recovering, being one of the only on this list with a positive chart over the past year, and AEO stock should continue to perform well. Longer-term, there's still room for consistent growth and more upside.
United Parcel Service (UPS)
Past year performance: -4.3%
United Parcel Service, Inc. (NYSE:UPS) is going to have to spend to add capacity, and in this space, too, there's the ever-present threat of Amazon. But UPS is an entrenched leader, along with rival FedEx Corporation (NYSE:FDX), and it at worst can co-exist with Amazon. Ecommerce growth overall should continue to increase demand; there's enough room for multiple players in the global market.
Meanwhile, the selloff and benefits from tax reform mean that UPS now is trading at just 13 times analysts' 2019 consensus EPS estimate. And the stock yields a healthy 3.44%. Investors clearly see a risk that growth will decelerate, but UPS stock is priced as if that deceleration is guaranteed.
As of this writing, Vince Martin is long shares of Exxon Mobil. He has no positions in any other securities mentioned.
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Leading the Apple (NASDAQ:AAPL) rumor mill today is news of iPhone 11 renders. Today, we'll look at that and other Apple Rumors for Wednesday.
iPhone 11 Renders: A new batch of renders gives users a look at what the iPhone 11 may look like, reports BGR. These renders are well done and show a device that looks close to what the iPhone 11 might appear like when it launches later this year. The renders are based off of design leaks for the upcoming iPhone. The biggest noteworthy change is the rear camera. There is now a triple-lens camera on the back of the device sitting in a square camera bump. We'll have to wait until later this year to see if these renders really resemble the real thing.
iPad 2: The iPad 2 is now officially part of Apple's vintage and obsolete products, MacRumors notes. So what does this mean for owners of these devices? Simply put, they can no longer expect support from AAPL. This includes the company no longer servicing the tablets at its Genius Bars. The only places where this isn't true are California and Turkey. The devices will still get support in these locations until March 2021.
HBO Channel: HBO is now part of the channels that are available through Apple TV, reports AppleInsider. This means that users now can access content from the creator directly from the Channels option. HBO is currently only available as a channel in the iOS 12.3 and tvOS 12.3 betas. It will likely see a full release later this month.
As of this writing, William White did not hold a position in any of the aforementioned securities.
Article printed from InvestorPlace Media, https://investorplace.com/2019/05/renders-give-look-at-apple-iphone-design-leaks/.
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Stocks are mostly higher today thanks to strong corporate earnings and jobs data. Apple’s (AAPL) big earnings beat is the main story, pushing the Dow Jones Industrial Average (DJI) to a solid lead at the halfway point. Meanwhile, ADP data revealed a sharp increase in private payrolls for April, a noteworthy update ahead of Friday’s jobs report out of the Labor Department and today’s Fed decision. Against this backdrop, the Nasdaq Composite (IXIC) is following the Dow higher on broader strength out of the tech sector, while the S&P 500 Index (SPX) is closer to breakeven.
Continue reading for more on today’s market, including:
Heron Therapeutics is spiraling lower on an FDA rejection.
Virginia stock-picking millionaire says, Forget diversification! Buy one single $3 stock – that trades under a secret name – and you could retire rich.
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