Hey Gotraders,
Pssst…. Xmas came early (especially for dividend lovers)! 🎁
We will be sharing some of Goldman Sachs’ (GS) top stock picks that pay an above-average dividend yield and that have the fastest expected dividend growth. Are you ready for the list?!
Okkk, here it is!
😍 Ford Motor (F) - Dividend yield of 2.4% in 2022. The expected compounded annual dividend growth rate (CAGR) between 2021 to 2023 is 100%. Mind-blown!*
😍 Tapestry (TPR) listed as Coach on Gotrade - Dividend yield of 2.6% in 2022. The expected compounded annual dividend growth rate (CAGR) between 2021 to 2023 is 55%.
😍 Molson Coors (TAP) - Dividend yield of 3.1% in 2022. The expected compounded annual dividend growth rate (CAGR) between 2021 to 2023 is 45%.
😍 Morgan Stanley (MS) - Dividend yield of 2.8% in 2022. The expected compounded annual dividend growth rate (CAGR) between 2021 to 2023 is 21%.
😍 PepsiCo (PEP) - Dividend yield of 2.9% in 2022. The expected compounded annual dividend growth rate (CAGR) between 2021 to 2023 is 13%.
😍 Simon Property Group (SPG) - Dividend yield of 3.5% in 2022. The expected compounded annual dividend growth rate (CAGR) between 2021 to 2023 is 11%.
😍 Pinnacle West Capital (PNW) - Dividend yield of 5.3% in 2022. The expected compounded annual dividend growth rate (CAGR) between 2021 to 2023 is 7%.
Happy investing! 😉
📉 Cathie Wood buys the dip on Zillow Group 🛒
Shares of Zillow Group (ZG) crashed and burned over 22% after the company announced that it was going to exit the house-buying business and would be laying off a bunch of its people. Ouch!
"The unpredictability in forecasting home prices far exceeds what we anticipated. Continuing to scale Zillow Offers would result in too much earnings and balance-sheet volatility” - Rich Barton, Zillow's Co-founder and CEO.
Cathie Wood went out and bought 288,813 shares worth roughly $25 million for her Ark Innovation ETF (ARKK).
Shares of Zillow closed at $65.86, down 31.29% for the week.
📈 Barclays names Alibaba a top pick 🌟
Despite all the regulatory action taking place in China, Barclays (BCS) thinks that it is the right time to jump in and invest in China stocks.
“The recent selloff of China internet and tech companies has driven their valuations to the most attractive levels in recent memory, which we believe offers a good entry point for patient investors” - Barclays analyst Jing Shao.
Barclays initiated coverage of Alibaba (BABA) and gave them an “overweight” rating and set a price target of $275 for the stock.
The current share price of Alibaba is $166.24. Stock closed up 2.05% for the day. Alibaba is due to report earnings today, by the way!
Top movers & shakers 🎢
What else is making headline news 📰
Credit Suisse (CS) scales back investment banking as earnings beat estimates.
OPEC+ members likely to hold firm on slow oil output, despite international pressure.
Fed to start tapering bond purchases later this month as it begins pulling back on pandemic aid.
Roku (ROKU) shares drop after streaming company misses revenue estimates.
Qualcomm (QCOM) shares pop after company reports earnings beat, 56% rise in smartphone chip sales.
Apple (AAPL) software exec warns European app store regulation would open ‘Pandora’s box’.
Novartis (NVS) sells its Roche stake to Roche for $20.7 bln.
Popular companies releasing earnings this week 💰.
Thursday: Alibaba (BABA), Moderna (MRNA), Illumina (ILMN), Square (SQ), Airbnb (ABNB), Uber (UBER), Mercadolibre (MELI), Cloudflare (NET), Monster (MNST), Motorola (MSI), Pinterest (PINS), Peloton (PTON), Expedia (EXPE), ViacomCBS (VIAC), Kellogg's (K), DropBox (DBX), Novavax (NVAX), Wynn Resorts (WYNN), DigitalOcean (DOCN), Nikola (NKLA), and many more..
Friday: Berkshire Hathaway (BRK.B), Toyota (TM), Dish Network (DISH), DraftKings (DKNG), Pinnacle West Capital (PNW), Canopy Growth (CGC)
A company’s market value may fluctuate considerably around the time that the earnings report is expected to be published. Stock prices may rise or fall according to analysts' speculative estimates, released prior to the actual earnings announcement.
The earnings season can be a time of great opportunity since better-than-expected figures could cause a company’s stock to greatly increase in value. Worse-than-expected results could have the opposite effect.
That’s all from us for now.
Signing out,
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