The article discusses the opportunity to invest in dividend growth stocks that are currently undervalued, suggesting that these stocks are "too cheap" and present a buying opportunity. The author discloses a personal investment in WES and clarifies that the opinions expressed are personal and not influenced by Seeking Alpha, which does not provide investment advice or recommendations.
Tom Lee, head of research at Fundstrat, provides a positive analysis of U.S. corporate earnings at the halfway point of the fourth-quarter results reporting season, highlighting that earnings per share estimates are understated due to financials' drop caused by a $23 billion fee. He also notes that companies beating estimates are seeing one-day stock-market gains, the percentage of companies reporting double-digit earnings per share growth has increased, and draws inspiration from the Chinese stock market showing signs of bottoming. Additionally, U.S. stock index futures rose, and the yield on the 10-year Treasury was 4.12%.
Apple's stock has seen significant growth but has recently cooled off in early 2024, raising questions about whether it's a good time to buy. The company's fundamentals, including a high P/E ratio and analysts' pessimism about future earnings growth, suggest caution. Apple's revenue growth has been stagnant, and its aggressive share repurchase program may slow down due to financial constraints. Investors are advised to wait for either an earnings growth that exceeds expectations or a valuation adjustment before buying Apple stock. The Motley Fool's Stock Advisor service does not currently list Apple as one of the top stocks to buy.
The article lists 10 stocks poised to enrich investors in 2024, including tech giant Alphabet, green-energy leader NextEra Energy, telecom behemoth AT&T, mortgage REIT Annaly Capital Management, healthcare titan UnitedHealth Group, Chinese e-commerce giant Alibaba, fintech leader PayPal Holdings, tobacco company Altria Group, adtech firm PubMatic, and payment-processing specialist Visa. These companies are highlighted for their strong market positions, growth potential, and financial strategies that could lead to significant returns despite varying economic conditions.
Despite Tesla's record vehicle deliveries in Q4 and meeting its full-year targets, Wall Street analysts remain unimpressed, focusing on the company's end-of-year earnings and potential profit challenges in 2024. Analysts are particularly concerned about auto gross margins and vehicle pricing, as Tesla's aggressive price cuts and discounts to maintain sales momentum have led to a significant drop in margins. Tesla's stock price has reflected these concerns, with a decline during recent market action. Additionally, competition in the EV market is intensifying, with China's BYD surpassing Tesla in BEV sales and Rivian also making strides, although it fell slightly short of Q4 delivery expectations. Tesla CEO Elon Musk emphasizes that Tesla is more of an AI/robotics company than a traditional automaker, a sentiment echoed by some analysts who see a broader value in the company beyond its EV business.
Advanced Micro Devices, Inc. (NASDAQ:AMD) has seen a significant price increase on the NASDAQGS, trading close to its 52-week high. The stock appears to be fairly priced at around 12.22% above its intrinsic value, suggesting a limited downside. With high expected profit growth and potential for higher cash flow, the future looks promising for AMD. However, the current share price reflects this optimism, meaning it may not be the best time to buy for those seeking a bargain. Investors should consider other factors, such as the company's financial strength and potential risks, before making a decision.
The article discusses seven stocks with the potential to double investors' money in 2024, highlighting the unique strengths and market opportunities for each. Fastly is expected to benefit from its new CEO and the growing cloud industry, while Novavax could surge if its COVID-19/influenza vaccine and cost-cutting measures succeed. Fiverr's platform is thriving with the shift to remote work, and StoneCo is expanding its services in Brazil. PubMatic could capitalize on election year ad spending, Lexicon Pharmaceuticals is banking on its newly approved heart failure drug, and Match Group aims to grow through enhanced subscription services and international expansion. These stocks are seen as high-reward opportunities in a stock picker's market.