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5 potential blue chip stocks that pay a dividend for 2022

By
Michael T. Jackson
-
0

Dividend on the calculator

The Straits Times Index (SGX: ^ STI), which is widely regarded as Singapore’s stock market barometer, is made up of 30 blue chip companies.

However, it’s not always the same companies that make up the coveted list.

Each quarter, the index is reviewed and one or two of the 30 companies can be replaced.

The last change was on June 22, 2020, when Singapore Press Holdings (SGX: T39) has been discontinued in favor of Mapletree Industrial Trust (SGX: ME8U).

Before that, Mapletree Logistics Trust (SGX: M44U) took the place of Golden Agri-Ressources Ltée (SGX: E5H) in December 2019.

As such, it is possible that some of STI’s current actions will be replaced by other companies in the future.

Who are the candidates, you will ask me? This is where the reserve list comes in.

Top-notch STI applicants

Meanwhile, the review also names five companies that form a stock reserve list.

These “bench stoves” are meant to be up to the task in the event of abandonment of an existing STI component.

As it turns out, these five potential blue chip stocks of the future pay a dividend as well, which should delight income-seeking investors.

Without further ado, here are the five companies vying for a spot in Singapore’s STI.

Olam International Ltd (SGX: O32)

Olam is an international food and agriculture company that supplies food ingredients, feeds and fibers to customers around the world.

In the company’s latest earnings report for the first six months of 2021, revenue rose 33.7 percent year-on-year to S $ 22.8 billion, while operating profit jumped 51.4% year-on-year to S $ 641.6 million.

The group also proposed an interim dividend of S $ 0.04 per share, which translates into an annualized dividend yield of 4.6%.

Olam also announced its intention to split up its food ingredients business, Olam Food Ingredients (OFI).

OFI will move towards a simultaneous initial public offering (IPO) on the London Stock Exchange (LON: LSEG), as well as the Singapore Stock Exchange (SGX: S68), in the first half of next year.

Suntec Real Estate Investment Trust (SGX: T82U)

Suntec REIT manages commercial and office properties in Singapore, Australia and the UK.

For the first half of 2021 (1H21), the REIT recorded net property income (NPI) of S $ 112.6 million, an increase of 23.9% year-on-year.

Distributable income also increased 14.6% year-on-year to S $ 118.2 million, thanks to contributions from completed acquisitions and developments.

In line with the good results, Suntec REIT has increased its distribution per unit (DPU) by 26.1% from 1H20 and will pay S $ 0.04154 per unit.

The distribution represents an annualized return of 5.9% to unitholders.

Suntec REIT also announced the acquisition of a Class A office building in London’s central business district.

The acquisition is expected to generate DPU gains and will increase the REIT’s geographic diversification.

Keppel REIT (SGX: K71U)

Keppel REIT owns several Class A commercial properties in key business districts in Asia.

The REIT has assets under management (AUM) worth S $ 8.7 billion in Singapore, Australia and South Korea.

For the six-month period ended June 30, 2021, Keppel REIT’s NPI jumped 43.1% year-on-year, from S $ 59 million to S $ 84.4 million.

The REIT also reported healthy portfolio indicators.

The occupancy rate of the committed portfolio remained high at 96.7%, while the weighted average lease term (WALE) of the REIT stood at 6.2 years.

As a sign of resilience, Keppel REIT’s top 10 tenants, who contribute 35.6% of gross rent, have recorded an impressive WALE of 11.2 years.

The REIT also increased its DPU by 5% year-over-year and paid unitholders S $ 0.0294 per unit.

This distribution represents an annualized return of 5.5%.

Frasers Centrepoint Trust (SGX: J69U)

Frasers Centrepoint Trust, or FCT, owns and invests primarily in suburban commercial properties in Singapore.

FCT’s retail portfolio includes nine shopping centers, including Causeway Point, White Sands, Century Square and Tampines 1.

In May 2021, during phase 2 (enhanced alert), the Singapore government put in place increased measures to curb the spread of COVID-19 in Singapore.

However, FCT’s shopping malls continued to show resilience.

For the quarter ended June 30, 2021, tenant sales returned to near pre-COVID levels despite the tightening of measures.

The occupancy rate of the REIT’s retail portfolio remained stable at 96.4%.

FCT’s DPU was S $ 0.05996 for its first fiscal semester ended March 31, 2021, which provides unitholders with an annualized return of 5.3%.

Netlink NBN Trust (SGX: CLJU)

NetLink NBN Trust designs, builds, owns and operates Singapore’s National Next Generation Broadband (NBN) passive fiber network.

The network is an initiative of the Government of Singapore to provide very high speed broadband access across the country.

As Singapore’s leading fiber network provider, NetLink has a resilient business model that has helped the company emerge from the pandemic relatively unscathed.

In the company’s latest quarterly report, it announced that revenue increased 5% year-on-year to S $ 93.4 million, with after-tax profit similarly improving by 6.1% in year on year to reach S $ 24 million.

NetLink’s last distribution of $ 0.0255 was for the six-month period ending March 31, 2021.

This distribution, when annualized, represents a return of 5.2% to unitholders.

Looking for more dividend stock ideas? Then you will want to know more about these 5 strong SGX companies. We’ve prepared everything you need to know in a FREE Special Report: “Dividend Stocks That Can Pay You For Life”. Click here to download now.

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Disclosure: Herman Ng owns shares of Mapletree Industrial Trust.

The post 5 Potential Blue-Chip Dividend-Paying Shares for 2022 appeared first on The Smart Investor.


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Dividend investment: 2 top rockstars

By
Michael T. Jackson
-
0

Dividend investing is one of the many smart strategies available to Canadian investors. This is particularly appealing to investors who reinvest dividends and allow capitalization to do its job over time.

While this type of investing style usually does not offer mind-blowing returns in a single year, it does allow investors to realize huge total gains over time. For long-term investors, investing in blue chip dividends is a very solid approach.

However, not all dividend-paying stocks are created equal. Some are not suitable for this type of long-term investment because they lack the reliability or stability required.

It is therefore important that investors pay attention to the dividend paying stocks they are looking for. Today we are going to look at two TSX ideal gemstones for long term dividend investing.

CIBC

Canadian Imperial Bank of Commerce (TSX: CM) (NYSE: CM) is a leading Canadian mainstay in banking. He has a long experience in the distribution of a solid and growing dividend.

CM is a great option for investors looking for great total returns over time. The stock price might not be growing wildly, but that dividend can work wonders over time if it’s reinvested.

As of this writing, CM is trading at $ 141.47 and reporting 4.13%. This is an attractive proposition for long-term investors, especially because this dividend can increase as the economy really takes off.

CM has a wide range of sources and sources of income that help it provide investors with long-term stability and peace of mind. He is a major player in one of the best areas of the TSX, which inspires a lot of confidence.

Financial data looks good for CM and the stability of its dividends is not a cause for concern. This is a rock solid blue chip stock ideal for long term dividend investing,

Telus

TELUS (TSX: T) (NYSE: TU) is a major player in the telecommunications industry through its subsidiary Telus Communications. It offers a wide range of telecommunications products and services, as well as Internet and entertainment solutions to its customers.

Beyond that, Telus also owns the Telus Healthcare division, a leader in digital healthcare solutions. Exposure to this type of business is probably a good thing at this point and in the future.

Telus has a long track record of delivering substantial dividend growth while also being a relatively stable dividend investing stock. As of this writing, it is trading at $ 27.67 and is earning 4.57%.

That’s quite the return offered to long-term dividend investors. Over time, the potential for total return with a stock like Telus is huge.

As a significant part of the Canadian telecommunications space, T offers investors a consistent dividend with great prospects for share price appreciation going forward. This diversified, blue-chip stock is ideal for dividend investing.

Dividend investment strategy

CM and T are great options for a long term dividend investment plan. They each offer rock solid dividends to Canadian investors with ample room for growth going forward.

If you’re looking to unearth top-notch TSX superstars, these two names should be high on your shopping list.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We are straight! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer, so we post sometimes articles that may not conform to recommendations, rankings or other content. .

Foolish contributor Jared Seguin has no position in the stocks mentioned. The Motley Fool recommends TELUS CORPORATION.


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Dividend investment: 2 top rockstars

By
Michael T. Jackson
-
0

Office buildings

Written by Jared Seguin at The Motley Fool Canada

Dividend investing is one of the many smart strategies available to Canadian investors. This is particularly appealing to investors who reinvest dividends and allow capitalization to do its job over time.

While this type of investing style usually does not offer mind-blowing returns in a single year, it does allow investors to realize huge total gains over time. For long-term investors, investing in blue chip dividends is a very solid approach.

However, not all dividend-paying stocks are created equal. Some are not suitable for this type of long-term investment because they lack the reliability or stability required.

It is therefore important that investors pay attention to the dividend paying stocks they are looking for. Today we are going to look at two TSX ideal gemstones for long term dividend investing.

CIBC

Canadian Imperial Bank of Commerce (TSX: CM) (NYSE: CM) is a leading Canadian mainstay in banking. He has a long experience in the distribution of a solid and growing dividend.

CM is a great option for investors looking for great total returns over time. The stock price might not be growing wildly, but that dividend can work wonders over time if it’s reinvested.

As of this writing, CM is trading at $ 141.47 and reporting 4.13%. This is an attractive proposition for long-term investors, especially because this dividend can increase as the economy really takes off.

CM has a wide range of sources and sources of income that help it provide investors with long-term stability and peace of mind. He is a major player in one of the best areas of the TSX, which inspires a lot of confidence.

Financial data looks good for CM and the stability of its dividends is not a cause for concern. This is a rock solid blue chip stock ideal for long term dividend investing,

Telus

TELUS (TSX: T) (NYSE: TU) is a major player in the telecommunications industry through its subsidiary Telus Communications. It offers a wide range of telecommunications products and services, as well as Internet and entertainment solutions to its customers.

Beyond that, Telus also owns the Telus Healthcare division, a leader in digital healthcare solutions. Exposure to this type of business is probably a good thing at this point and in the future.

Telus has a long track record of delivering substantial dividend growth while also being a relatively stable dividend investing stock. As of this writing, it is trading at $ 27.67 and is earning 4.57%.

That’s quite the return offered to long-term dividend investors. Over time, the potential for total return with a stock like Telus is huge.

As a significant part of the Canadian telecommunications space, T offers investors a consistent dividend with great prospects for share price appreciation going forward. This diversified, blue-chip stock is ideal for dividend investing.

Dividend investment strategy

CM and T are great options for a long term dividend investment plan. They each offer rock solid dividends to Canadian investors with ample room for growth going forward.

If you’re looking to unearth top-notch TSX superstars, these two names should be high on your shopping list.

The Dividend Investing: 2 Blue-Chip Rockstars post first appeared on The Motley Fool Canada.

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More reading

Foolish contributor Jared Seguin has no position in the stocks mentioned. The Motley Fool recommends TELUS CORPORATION.

2021


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Romanian stock indices end the week in the red, TTS tops major carriers

By
Michael T. Jackson
-
0

BUCHAREST (Romania), October 1 (SeeNews) – Romanian stock indices closed Friday’s trading session in red, as freight forwarder Transport Trade Services [BSE:TTS] led to blue-chip declines, data from the Bucharest Stock Exchange, BVB said.

Total turnover of BVB shares was 48.8 million lei ($ 11.5 million / 9.9 million euros) on Friday, compared to 105 million lei on Thursday, the site said. BVB Internet.

Transport Trade Services dominated the blue chip declines on Friday as its share price fell 1.38% to 21.5 lei.

The premier oil and gas group OMV Petrom [BSE:SNP] traded 0.66% higher at 0.46 lei, achieving the highest turnover of the session, at 18.3 million lei.

Leading manufacturer of PVC pipes and fittings TeraPlast SA [BSE:TRP] amounted to 1.26 lei in the second highest turnover of the day of 5.74 million lei.

Leading Telecom Service Provider Digi Communications [BSE:DIGI] lost 0.53% to 37.8 lei in the third highest turnover of the day of 4.12 million lei.

Details follow:

BET 12,633.19 -0.09%
BET-TR 22 359.74 -0.10%
PARI-BK 2,500.57 -0.09%
BETPlus 1,884.70 -0.12%
BET-FI 53,306.87 0.05%
PARI-NG 842.20 0.25%
PARI-XT

1,118.10

 -0.05%
PARI-XT-TR 1,978.22 -0.06%
ROTX 26,931.19 -0.02%

1,118.10

BET is the first index developed by BVB and represents the benchmark index for the local capital market. The BET reflects the performance of the most traded companies on the BVB regulated market, excluding financial investment companies (SIF). It now includes 20 companies.

BET-TR is the first total return index launched by BVB. It is based on the structure of the benchmark BET market index. BET-TR tracks changes in the price of its component shares and is adjusted to also reflect dividends paid by the constituent companies.

BET Plus follows the price changes of Romanian companies listed on the BVB regulated market that meet the minimum liquidity and free float selection criteria. Financial investment companies are excluded from the index.

BET-FI is the first sector index launched by the BVB and reflects the price variations of RIS and other similar entities.

BET-BK has been designed to be used as a benchmark by asset managers and other institutional investors.

BET-NG is a sector index which reflects the evolution of all companies listed on BVB’s regulated market included in the energy and related utilities sector. The maximum index weight that a company can hold is 30%.

BET-XT tracks the price movements of the 25 most listed companies on the BVB regulated market, including RIS.

BET-XT-TR is the total return version of the BET-XT index, which includes the 25 most traded Romanian companies listed on the BVB.

ROTX is an index developed by BVB in collaboration with the Vienna Stock Exchange. It follows, in real time, the price changes of blue chip shares traded on the Bucharest Stock Exchange.

(1 euro = 4.9479 lei)


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Opinion: A new platform allows you to buy stocks of top-notch paintings, but is art a wise investment?

By
Michael T. Jackson
-
0

In the fall of 2018, a Banksy work, “Love is in the Bin,” sold for $ 1.4 million.

Now the original buyer has put the artwork up for sale and it is expected to make over $ 5 million which would represent a return on investment of over 250%.

What if, instead of the art market being the exclusive preserve of people with deep pockets, ordinary people could buy shares of an expensive work of art and sell the shares as they please?

This is exactly what a new platform, Masterworks, seeks to do.

“Economic theory suggests that by definition investing in art could offer lower returns than investing in stocks. This is because part of the return on investment in art should be the intrinsic enjoyment of the objects themselves.“

Art investment funds have been around for over a century. Masterworks, however, has given a new twist to an old practice, in that the platform allows individuals to purchase shares of specific artwork in $ 20 increments. Investors can then sell those shares in an easy-to-use secondary market or wait for Masterworks to sell the coin and receive the proceeds on a pro rata basis.

For almost 10 years, I taught economics and the arts with art historian Nancy Scott. In this course, we spend time discussing the history and profitability of investing in art, both in theory and in practice.

For those who are considering buying art purely for investment purposes, it is important to understand how art investment funds have traditionally worked and whether experts think it is. a good investment.

The French pool their resources

One of the first art investment funds was called La Peau de l’Ours (La Peau de l’Ours), which was based in France at the start of the 20th century.

The name comes from a French fable which contains the aphorism “never sell the skin of the bear until you have actually killed it” – the French equivalent of “do not count your chickens before they hatch. “- and he alludes to the fact that investing in art can be a risky business.

Designed in part as a way to support emerging Post-Impressionist artists, such as Picasso, Matisse, and Gauguin, the fund was run as a union in which a small number of partners each contributed identical amounts to purchase a collection of paintings.

Businessman, art critic and collector Andre Level managed the fund and organized the sale of the paintings. After the paintings were sold, he received 20% of the selling price of his work. The artists received 20% of the fund’s profits in addition to the money they received from the original sale. Investors would then receive the rest in equal proportions.

This concept – returning part of the selling price to the artist – is known as the artist’s resale right. Versions of this are now the law in most parts of the Western world other than the United States.

This first art fund was a success. It created a demand for new works of art and supported innovative impressionist and modern artists, while providing significant return to its original investors.

All funds are not created equal

Another famous investment in art has been made by the British Rail Pension Fund.

This fund was created in 1974 to manage a small part of the pensions of the company’s employees, and the objective was to buy works of art for 25 years before selling them. The fund generated 11.3% compound returns annually, but due to high inflation for most of that time, actual gains were much lower.

Other notable artistic collections ended in failure. The Banque Nationale de Paris art fund sold its investment at a loss in 1999 and a fund managed by British art dealer Taylor Jardine Ltd. did the same in 2003. The UK Department of Commerce closed the Barrington Fleming Art Fund in 2001 after determining that it was set up under fraudulent circumstances. And Fernwood Art Investments, founded by former Merrill Lynch director Bruce Taub, failed to even get started after Taub was convicted of embezzling his investors’ funds in 2006.

Nonetheless, there are art funds that are still in operation, such as Anthea and The Fine Art Group, and, of course, banks and auction houses have long described investing in art as a strategy. appropriate diversification for the rich.

But what do economists say about art as an investment?

Is this really a “floating shit game”?

Economic theory suggests that by definition investing in art could offer lower returns than investing in stocks. This is because it is considered a passionate investment. Like investing in sports memorabilia, jewelry, or coins, part of the return on investment in art should be the intrinsic enjoyment of the objects themselves. The total return consists of the monetary return and the enjoyment of the property.

Since stocks do not offer this enjoyment value for most people, the monetary returns from investing in these financial instruments should, in theory, be greater than the monetary returns from investing in art.

But it is important to really analyze the numbers.

One of the very first papers on the monetary return on investment in art was published in 1986 and written by the late eminent economist William Baumol.

The title? “Unnatural investment: or art as a floating shit game”.

Baumol estimated that the long-term inflation-adjusted returns for investing in art, over a 300-year period, were only 0.6%. Some researchers have since estimated higher yields. For example, the work of Yale finance professor Will Goetzmann and economists Jiangping Mei and Mike Moses found inflation-adjusted returns of 2% over 250 years and 4.9% over 125 years, respectively. Estimated returns vary depending on time period, sample and methodology.

In addition, these studies do not include transaction costs, which, when it comes to art, can be substantial, thanks to the large commissions collected by auction houses or private dealers to act as intermediaries. They also do not take into account the selection of samples; paintings that often fall in value cannot be auctioned.

However, both Goetzmann’s and Mei and Moses’ studies estimate that the performance of the SPX stock market,
+ 0.43%

GDO,
+ 0.06%

DJIA,
+ 0.67%
does not appear to be correlated with returns on investments in art. It may therefore be beneficial to invest in art as a way to diversify your portfolio.

Art for all?

Masterworks, however, is a little different from the traditional art funds discussed above. Investors buy shares of a single work of art, rather than investing in a fund that includes multiple works. The entry price is much lower, and as long as there are willing buyers for the artwork, investors are not stuck in the fund for a period of time. Investors can earn a return simply by selling stocks that increase in value, without waiting for the artwork itself to be sold.

But like traditional art funds, investors in art stocks sold by Masterworks will earn money if the price of their artwork goes up, and will lose their money if it goes down.

Ultimately, Masterworks seems innovative and fun. The format will likely appeal to a younger generation of investors, many of whom may have started investing small amounts through apps like Robinhood.

The site is easy to navigate and could be fun – even I was tempted to try and buy stocks.

But should we hope to become rich by investing in art? Probably not.

Plus, unlike Skin of the Bear, it doesn’t necessarily benefit emerging artists. Masterworks focuses on works established with professional experience, by artists such as Banksy, Andy Warhol and Claude Monet, to name a few.

That being said, Masterworks could get a mass audience to invest in art. But, emptor caution: art is a risky investment.

Kathryn Graddy is Dean of Brandeis International Business School and Fred and Rita Richman Distinguished Professor in Economics at Brandeis University.

This comment was originally posted by The Conversation — A New Platform Lets You Buy Stocks of Top Notch Paintings — But Is Art a Wise Investment?


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Skopje Stock Exchange Blue Chip Index Slightly Declines During Week Ended October 1

By
Michael T. Jackson
-
0

SKOPJE (North Macedonia), Oct. 1 (SeeNews) – The blue-chip MBI-10 index of the Skopje Stock Exchange closed at 5,673.15 points on Friday, down 0.2% from its value of closing of 5,685.63 points on September 24, stock market data showed.

Turnover on the official Macedonian Stock Exchange (MSE) market halved to 72.65million denars ($ 1.4million / 1.2million) this week from 144.2million of denars last week.

Komercijalna Banka [MSE:KMB] contributed the bulk of MSE deal turnover this week, of 27.8 million denars, as 2,729 of the lender’s shares changed hands in a total of 101 trades.

The MSE’s OMB Bond Index closed at 133.72 points, unchanged from the September 24 close.

The closing prices of the shares follow (in denars):

October 1st September 24
Komercijalna Banka [MSE:KMB] 10,100 10,300
Granite [MSE:GRNT] 1,305 1,301
Makedonijaturist [MSE:TUR] 4,700 4,705
Alkaloid [MSE:ALK] 17,000 17,000
Stopanska Banka – Skopje [MSE:STB] 1,300 1,300
TTK Banka AD Skopje [MSE:TTK] 1,410 1,410
Telecom Makedonski [MSE:TEL] 335 331
Makpetrol [MSE:MPT] 75,500 75,000
NLB Banka [MSE:TNB] 26,000 26,200
Stopanska Banka – Bitola [MSE:SBT] 3000 2 949

(1 euro = 61.73 denars)


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5 Blue Chip Tech Leaders Listed for Buy with Big Dependable Dividends – 24/7 Wall St.

By
Michael T. Jackson
-
0

As has been the case for years, the tech sector continues to provide much of the growth in US markets and around the world. What if investors want to own tech stocks but also need the income? Even with the recent surge in US Treasury yields, the 30-year bond yield is only 2.09%, and the S&P 500 yield is at its lowest in 20 years. So what are investors with a higher tolerance for risk who need income and growth to do?

A good idea is to look at technology stocks which also pay solid and reliable dividends. We sifted through our 24/7 Wall St. research universe for well-known technology companies that are paying large dividends and have strong growth prospects for the remainder of 2021 and beyond. We found five that now look like great ideas. All five are rated Buy from Top Wall Street Companies, although it’s important to remember that no analyst report should be used as the sole basis for any buy or sell decision.

Broadcom

This company posted strong second quarter earnings and is also a member of the BofA Securities US 1 list of top stocks. Broadcom Inc. (NASDAQ: AVGO) has an extensive portfolio of semiconductor products that address applications within wired infrastructure, wireless communications, enterprise storage, and industrial end markets.

Applications of Broadcom’s products in its end markets include data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, servers and storage, factory automation, power generation, and alternative energy systems and displays.

Broadcom has just announced that it has agreed to sell its BlazeMeter continuous testing platform to Perforce Software. Perforce Software said in a statement this week that the deal will increase its quality portfolio of enterprise applications.

The dividend yield is 2.97%. BofA Securities has a price target of $ 580 for Broadcom stock, while the Wall Street consensus target is below $ 530.62. The shares closed trading on Thursday at $ 484.93 apiece.

ALSO READ: 4 Red-Hot Energy MLPs Offer Huge Dividends, Strong Upside Potential

Hewlett Packard Enterprise

This spin-off from a Silicon Valley legend holds solid upside potential. Hewlett Packard Enterprise Co. (NYSE: HPE) provides solutions that enable customers to capture, analyze, and act on data seamlessly.


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Fidelity Covington – Fidelity Blue Chip Growth ETF (FBCG) falls 0.46% in Light Trading on September 30

By
Michael T. Jackson
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0

Today, shares of Fidelity Covington Trust – Fidelity Blue Chip Growth ETF Inc (CBOE: FBCG) fell $ 0.15, down 0.46%. Fidelity Covington – The Fidelity Growth Blue Chip ETF opened at $ 32.72 before trading between $ 32.96 and $ 32.43 throughout Thursday’s session. The activity saw the market cap of Fidelity Covington – Fidelity Blue Chip Growth ETF drop to $ 443,625,000 on 72,893 stocks – below their 30-day average of 134,099.

See the Fidelity Covington Trust – Fidelity Blue Chip Growth ETF Profile for more information.

The daily solution

The Federal Aviation Administration (FAA) wants US airlines to do more to deal with the upsurge in incidents involving unruly or violent passengers.

Athletes vying to represent the United States at the 2022 Olympic Winter Games in Beijing must be vaccinated against COVID-19, the United States Olympic and Paralympic Committee (USOPC) has said.

Beyond Meat Inc’s (Nasdaq: BYND) meatless chicken offerings will be available for purchase in select grocery stores nationwide starting next month, the fake meat company said on Monday.

About CBOE Global Markets

CBOE operates the largest options exchange and the third largest in the United States. volume.

For more information on Fidelity Covington Trust – Fidelity Growth Blue Chip ETF and to follow the latest company updates, you can visit the company profile page here: Fidelity Covington Trust – Fidelity ETF Profile Blue Chip Growth. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

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The views and opinions expressed in this article are those of the authors and do not represent the views of equities.com. Readers should not take the author’s statements as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please visit: http://www.equities.com/disclaimer

Beyond Meat to launch meatless chicken offerings in grocery stores in October


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CDC approves COVID-19 vaccine booster shots for millions of elderly and vulnerable people

Semiconductor shortage to cost global auto industry $ 210 billion in revenue in 2021

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3 great blue-chip stocks to buy at a discount in October and keep

By
Michael T. Jackson
-
0

Stocks fell early in the last week of the third quarter and continued to fall on Thursday during a period of highs and lows. Wall Street’s focus remains on the Fed and the future of the U.S. economy as supply chain setbacks and the delta variant disrupt what was a booming comeback.

Economists and big Wall Street banks lowered their GDP forecasts for 2021, citing supply chain bottlenecks, rising prices and the impact of the delta variant on sectors such as travel and entertainment . These impacts are real, but the longer-term bullish case remains. For example, retail sales in August were surprisingly strong, highlighting resilience as the holidays approach.

The overall outlook for S&P 500 earnings and margins remains strong. Moreover, even when the Fed raises rates, we could still be years away from returning to pre-financial crisis levels. It should be noted that the 10-year U.S. Treasury yield has rarely and barely exceeded 3% over the past decade, and with inflation of 2% or more, Wall Street will likely continue to seek returns on equities. (Also read: Third Quarter Profit Season Snapshot).

The S&P 500 climbed 16% in 2021 and there could certainly be more selling on the horizon, even though the benchmark is currently down around 5% from its highs in early September. It may sound scary, but selling is part of making the markets work (see chart opposite).

Timing of the market is difficult, and long-term investors are often best served by buying solid stocks whenever there is a downturn, even if there is more selling or volatility to come. Against this backdrop, here are three blue chip stocks from entirely different industries that investors might consider buying at a discount in October to anchor their portfolios for years to come…

Zacks investment research

Image source: Zacks Investment Research

Adobe ADBE

Adobe created PDF and went public in the mid-1980s. Today, it is a cloud-based software powerhouse, with a comprehensive portfolio of the most important authoring and design software on the market. The company’s subscription offerings include Photoshop, InDesign, Premiere, and newer software geared to the digital media age.

ADBE’s subscription-based model helps create stable growth, and its creative cloud suite is invaluable to countless businesses, schools, and creatives. The company has also strengthened its business-focused portfolio to include electronic signature, documents, marketing, and more. Adobe’s diverse and relatively unique solutions provide a solid divide in a crowded and sometimes redundant SaaS space.

Adobe’s revenue for fiscal 20 increased 15% and exceeded our estimate for the third quarter on September 21, with sales and adjusted earnings up about 22%. Zacks’ estimates call for a 22.5% increase in revenue this year and a further 15% jump to $ 18.2 billion in FY 22 and extend its streak by about 15% or sales growth greater than eight consecutive years. At the same time, its adjusted profits are expected to increase by 23% and 14% respectively.

ADBE has edged Microsoft MSFT and Apple AAPL over the past five years, up 430%. The stock has cooled over the past year to fall significantly behind the benchmark, and recent profit-taking around earnings – and the larger slowdown – creates a tantalizing buying opportunity. Adobe is down 15% from its all-time highs and its rapid drop has taken it from overbought RSI levels (70 or more) in early September to oversold (30 or less) at 25.

Adobe is ranked 3 in Zacks (Hold) right now and Wall Street is extremely high on the stock, with 18 of the 19 brokerage recommendations Zacks has based on “Strong Buy”. The company also continues to repurchase its shares, and its subscription software offerings won’t go out of fashion anytime soon.

Caterpillar CAT

With great technology, diversification and dividends are key aspects of any portfolio. Caterpillar does the trick and it’s a simple way to play on economic growth, including continued infrastructure spending. CAT and its iconic yellow machines are synonymous with every corner of the construction. The company is also plugged into various resource industries through mining equipment and more, as well as the energy and transportation sectors.

In addition to the enormous equipment that the average person can see on a daily basis, Caterpillar produces everything from marine diesel engines to gas generators. The Illinois-based company has also introduced a service segment in recent years to help smooth out the sometimes bumpy road caused by economic boom and bust cycles.

CAT is also deploying IoT-connected machines that let customers know when repairs and spare parts are needed for various equipment that can cost millions of dollars. And the Caterpillar leadership team is poised to embark on the massive energy transition in the United States and beyond.

CAT began to emerge from a multi-year slump after the market hit its lowest level of coronavirus with stocks rising 60% in the past two years to easily overtake its industry. Fortunately, he backed down after overheating after a long post-election race. The stock is now trading 20% ​​below its May highs and hovers near oversold RSI levels at 36.

CAT is trading at a 30% discount from its own one-year median of 17.2 times its futures earnings, which is a value relative to its industry. Caterpillar is also a dividend aristocrat, and its yield of 2.30% exceeds that of the 30-year Treasury by about 2.1% and its industry average of 1%.

Caterpillar currently achieves a Zacks Rank # 3 (Hold), alongside “B” ratings for value and growth in our style scoring system and it returns shareholder value through buybacks.

According to Zacks’ estimates, CAT’s adjusted earnings for fiscal 21 climbed 54% on revenue 22% higher. The industrial powerhouse should then follow through on this strong performance with further earnings growth of 19% and strong sales of 12% that would see it generate around $ 57 billion. The company is expected to release its third quarter financial results on October 28.

Walmart WMT

Walmart had a record year in 2020 (FY21), with sales up 7% and compositions 9% higher. The retail giant’s e-commerce revenue soared 80%, thanks to enhanced delivery and pick-up options. WMT also launched its subscription service dubbed Walmart + last year to directly compete with Amazon AMZN Prime. The service costs $ 98 per year and offers unlimited free deliveries, fuel discounts, access to new-age in-store payment offers, and more.

On top of that, etail titan has expanded its customer base through diversification, including partnering with second-hand e-commerce clothing company ThredUp, partnering with Shopify SHOP to bring more small businesses on its own third-party market, and more.

Walmart’s digital advertising business is also on its way to becoming a multi-billion dollar per year segment. WMT is poised to enhance its financial services offerings and potentially roll out telehealth services across the country to complement its in-person Walmart health centers.

Despite its best performance in years, Zacks estimates that WMT’s revenue is expected to grow another 1% this year and 2.2% next year to $ 578 billion. In addition, its adjusted profits are expected to increase by 16% and 5%, respectively.

Investors should also note that analysts recently increased their EPS estimates for the stock and that crushed our earnings estimates for the past two periods. This positivity is helping Walmart land a Zacks Rank # 2 (Buy) right now, alongside its overall “A” VGM rating.

The company’s Retail – Supermarkets space is in the top 17% of more than 250 Zacks industries, and Wall Street analysts largely lead the stock. And its dividend yield of 1.59% exceeds that of the recently rising 10-year US Treasury.

Like its peers on the list, Walmart stock has fallen recently, down more than 6% in the past month and nearly 10% from its record highs. The recent sell-off sent it into oversold RSI levels at 26. As a result, this could now be a solid entry point for the stock which has climbed 100% in the past five years to almost double its industry.

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Romanian stock indices end in the green, Sphera tops blue chip winners

By
Michael T. Jackson
-
0

BUCHAREST (Romania), September 30 (SeeNews) – Romanian stock indices closed higher on Thursday, as restaurateur Sphera Franchise Group [BSE:SFG] led top-notch winners, data from the Bucharest Stock Exchange, BVB said.

Total turnover from BVB shares was around 105 million lei ($ 25 million / 21 million euros) on Thursday, compared to 46 million lei on Wednesday, the BVB website reported.

Sphera Franchise Group, which is the manager of the KFC, Pizza Hut and Taco Bell brands in Romania, dominated the big winners on Thursday as its share price jumped 3.56% to 16 lei.

The premier oil and gas group OMV Petrom [BSE:SNP] fell 0.65% to 0.4570 lei in the largest trading turnover during the session, from 24 million lei.

Leading Telecom Service Provider Digi Communications [BSE:DIGI] gained 0.26% to 38 lei in the second highest turnover of the day of 21 million lei.

Leading private healthcare provider MedLife [BSE:M] increased 2.11% to 19.35 lei in the third highest turnover of the day of 13.6 million lei.

Details follow:

BET 12,645.10 0.23%
BET-TR 22,381.90 0.25%
PARI-BK 2,502.82 0.10%
BETPlus 1,886.94 0.27%
BET-FI 53,280.32 0.03%
PARI-NG 840.09 -0.49%
PARI-XT 840.09 0.13%
PARI-XT-TR 1,979.34 0.14%
ROTX 25,439.06 0.63%

BET is the first index developed by BVB and represents the benchmark index for the local capital market. The BET reflects the performance of the most traded companies on the BVB regulated market, excluding financial investment companies (SIF). It now includes 20 companies.

BET-TR is the first total return index launched by BVB. It is based on the structure of the benchmark BET market index. BET-TR tracks changes in the price of its component shares and is adjusted to also reflect dividends paid by the constituent companies.

BET Plus follows the price changes of Romanian companies listed on the BVB regulated market that meet the minimum liquidity and free float selection criteria. Financial investment companies are excluded from the index.

BET-FI is the first sector index launched by the BVB and reflects the price variations of RIS and other similar entities.

BET-BK has been designed to be used as a benchmark by asset managers and other institutional investors.

BET-NG is a sector index which reflects the evolution of all companies listed on BVB’s regulated market included in the energy and related utilities sector. The maximum index weight that a company can hold is 30%.

BET-XT tracks the price changes of the 25 most listed companies on the BVB regulated market, including RIS.

BET-XT-TR is the total return version of the BET-XT index, which includes the 25 most traded Romanian companies listed on the BVB.

ROTX is an index developed by BVB in collaboration with the Vienna Stock Exchange. It follows, in real time, the price changes of blue chip shares traded on the Bucharest Stock Exchange.

(1 euro = 4.9471 lei)


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