Rate hikes and inflation dominated the U.S. economy in 2022, contributing to market instability. Per the ongoing battle with inflation, the Federal Reserve recently raised rates by 50 basis points (0.50%) to a 4.25% – 4.5% range. Because of such policy, global tension of all kinds, and a surge in commodities, the more open-minded investors are now seeing new investment options with real growth potential. While these aren’t “growth stocks” per se, they come as close as possible to promising a profit.
Given what we know now to be at stake, investors will typically seek the most lucrative stocks that are safest to buy. Dividend stocks come to mind first, as they help accommodate this need for reassurance. Many of these stocks have consistent profit streams and robust balance sheets. Investing in dividend stocks can provide a constant income stream or build wealth by reinvesting payments. Dividend stocks offer fundamental analysis and tax benefits to investors in addition to increasing earnings and minimizing risks. Many factors can lead to excellent long-term investment possibilities.
A specific stock or sector can indeed provide protection. Still, investors often have difficulty committing to even one of two sectors, which are often reduced to a choice between growth and dividend stocks. No choice here; we can have both. OH! They’re also priced at bargain prices we may never see again.
Let’s look at why we should consider these must-buys: Excellent balance sheets, quarterly earnings, and analyst sentiment. Get crucial data on these tactical tickers in the full report:
Alpine Income Property Trust Inc (PINE)
Alpine Income Property Trust, Inc. (PINE) is a U.S.-based Real Estate Investment Trust (REIT). PINE acquires, holds, and maintains a portfolio of single-tenant leased corporate income properties of the highest quality. PINE claimed to have hit 100% occupancy last quarter with 146 hotels in 35 states. From now to the end of 2016, just 12% of leases will roll back, leaving PINE with remaining rental agreements which collectively average 7.6 years. PINE, headquartered in Winter Park, FL, was founded in 2019.
While still new to the scene, PINE has hit nearly all the suitable markers for success. For the present quarter, PINE is expected to bring in $11.4 million in sales, with an EPS of 11 cents per share. Prior, PINE beat analysts’ EPS forecasts for four consecutive quarters. In terms of fiscal 2022 in nearly its entirety, PINE boasts reassurances like its market cap of $243 million, a security blanket in a pleasant 0.85 beta figure, and a P/E ratio of 7.2x. PINE has a dividend yield of 5.95% for its shareholders, with a 28 cents per share quarterly payout ($1.12/year). Analysts give PINE an average price target of 20.50, with a high of 23.00 and a low of 19.00. This gives PINE almost a 25% potential upside while hitting its lowest possible chart point would still raise its price. Analysts concede that we should buy PINE.
Taiwan Semiconductor Manufacturing Co Ltd (TSM)
Taiwan Semiconductor Manufacturing Co (TSM) is a Taiwanese company that produces, develops, markets, and sells integrated circuit chips and other semiconductor devices in Taiwan, Africa, China, Japan, Europe, the Middle East, the U.S., and various other overseas locations. TSM offers metal oxide silicon wafer manufacturing technologies complementary to creating radio frequencies and internal memory semiconductors. In addition to manufacturing, TSM operates mainly in customer assistance, asset management, and engineering. TSM’s products are intended for high-efficiency computers and automotive electronics. TSM was founded in 1987 and is based in Hsinchu City, Taiwan.
TSM’s stock price is currently down by 37.42%, while analysts suggest a rebound of at least 25% is coming in the not-so-distant-future. For the current quarter, TSM shows $20.3 billion in forecasted revenue, with an EPS of $1.76 per share. Regarding TSM’s quarterly earnings, it has demonstrated ease when surpassing analysts’ revenue predictions repeatedly. TSM has appealing year-over-year growth: Revenue (+47.86%); Net Income (+79.74%); EPS (+79.60%); Profit Margin (+21.58%); and Operating Margin (+81.47%).TSM, over the previous twelve months, shows a beta score of 1.21 and a forward P/E ratio of 12.89x. TSM has a current dividend yield of 2.36%, with 44 cents ($1.76/year) per share paid to shareholders each quarter. Analysts have given TSM a median price target of 99.00, with a high of 113.00 and a low of 100.00. The price target gives TSM a potential upside of just over 50%. I’m sure you could guess; the analysts suggest we buy stock in TSM.
Corning Inc (GLW)
Corning Inc. (GLW) is a global tech firm in the U.S. concentrating on ceramic, glass, and related technologies and materials. Corning Glass Works was GLW‘s name until 1989. GLW‘s key business sectors in 2014 were environmental tech, display, optical communications, life sciences, and specialty materials. GLW is a major supplier to Apple (AAPL) and has developed and manufactured Gorilla Glass, utilized by numerous smartphone manufacturers, since partnering with Steve Jobs in 2007 to produce the iPhone. GLW ranks among the world’s largest glassmakers. GLW has received four National Medals of Innovation and Technology for its product and process advancements.
GLW, like its peers, has an undervalued stock price — down by 15.20% YTD — that becomes even more evident when you see more numbers colored green than red. For the current quarter, GLW shows forecasted sales of $3.6 billion, with an EPS of 44 cents per share. For Q3 2022, analysts’ revenue and EPS predictions were quietly met. GLW has a secure volatility measure (beta) of 1.05 and a forward P/E ratio of 13.4x. With a market cap of $26.70 billion and EBITDA of $3.48 billion, having a levered free cash flow of $907 million makes more sense. GLW has a healthy dividend yield of 3.42%, with a quarterly payout to shareholders of 27 cents ($1.08/year) per share and a payout ratio of 48%. Analysts give GLW a consensus average price target of 37.00, with a high of 42.00 and a low of 32.00. This gives GLW an upside potential of 33%, another reason for analysts to say Buy.
Read Next – Have you seen it yet? Appalling…
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