Stock investments – Face OVL http://faceovl.com/ Mon, 19 Sep 2022 22:01:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://faceovl.com/wp-content/uploads/2021/07/icon-2021-07-08T143259.742-150x150.png Stock investments – Face OVL http://faceovl.com/ 32 32 Dow closes nearly 200 points higher, stocks string together two days of straight losses to start Fed’s big week https://faceovl.com/dow-closes-nearly-200-points-higher-stocks-string-together-two-days-of-straight-losses-to-start-feds-big-week/ Mon, 19 Sep 2022 21:24:00 +0000 https://faceovl.com/dow-closes-nearly-200-points-higher-stocks-string-together-two-days-of-straight-losses-to-start-feds-big-week/ Shares closed higher on Monday in a volatile trading session ahead of the Federal Reserve’s two-day policy meeting slated to begin Tuesday. The Dow Jones Industrial Average jumped 197.26 points, or 0.64%, to close at 31,019.68. The S&P 500 gained 0.69% to 3,899.89, and the Nasdaq Composite gained 0.76% to end at 11,535.02. Stocks oscillated […]]]>

Shares closed higher on Monday in a volatile trading session ahead of the Federal Reserve’s two-day policy meeting slated to begin Tuesday.

The Dow Jones Industrial Average jumped 197.26 points, or 0.64%, to close at 31,019.68. The S&P 500 gained 0.69% to 3,899.89, and the Nasdaq Composite gained 0.76% to end at 11,535.02.

Stocks oscillated between gains and losses throughout the session, with the index of 30 stocks losing as much as 263 points earlier in the day. At session lows, the S&P 500 and Nasdaq were down more than 0.9% each.

Yields rose ahead of the Fed’s likely decision to raise its benchmark rate another 75 basis points to stifle inflation later this week. The 10-year Treasury yield rose above 3.51% and hit an 11-year high.

After brief hope over the summer that the Fed might end its aggressive tightening campaign, investors sold stocks again, fearing the central bank might go too far and tip the economy into a tailspin. a recession.

Investors are focused on the Fed’s monetary policy meeting due to start on Tuesday, during which the central bank is expected to raise interest rates another 75 basis points. Investors are also looking for guidance on corporate earnings ahead of the start of the next reporting season in October.

“We are in a wait-and-see approach and the markets are waiting for some sort of bullish or bearish catalyst to take us out of this trading range,” said Adam Sarhan, CEO of 50 Park Investments. “Markets are struggling to orient themselves and that’s the fundamental news.”

Nine of the 11 S&P 500 sectors ended the day on a positive note, led by materials, consumer discretionary and industrials. Financials also rose, with some investors betting that higher rates could benefit their bottom line. Health care lagged, falling after President Joe Biden’s comments indicated the pandemic was over.

Stocks tumbled last week as investors reacted to a hotter-than-expected inflation report and a dismal warning from FedEx about a “significantly worsened” global economy. The major averages posted their fourth weekly loss in five weeks.

A few economic data releases on deck this week beyond the key Fed meeting, including August housing starts on Tuesday and early jobless claims on Thursday.

—CNBC’s Patti Domm contributed reporting.

Read the coverage of the mercado de hoy en español here.

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Nasdaq closes higher on Wednesday as stocks stabilize after a sell-off https://faceovl.com/nasdaq-closes-higher-on-wednesday-as-stocks-stabilize-after-a-sell-off/ Wed, 14 Sep 2022 21:18:00 +0000 https://faceovl.com/nasdaq-closes-higher-on-wednesday-as-stocks-stabilize-after-a-sell-off/ The Nasdaq Composite rose in choppy trading on Wednesday as investors struggled to find their footing after the biggest one-day decline in more than two years. The Nasdaq rose 0.74% to 11,719.68. The S&P 500 added 0.34% to close at 3,946.01. The Dow Jones Industrial Average edged up 30.12 points, or 0.10%, to 31,135.09 after […]]]>

The Nasdaq Composite rose in choppy trading on Wednesday as investors struggled to find their footing after the biggest one-day decline in more than two years.

The Nasdaq rose 0.74% to 11,719.68. The S&P 500 added 0.34% to close at 3,946.01. The Dow Jones Industrial Average edged up 30.12 points, or 0.10%, to 31,135.09 after losing more than 200 points to the session low.

Moderna was one of the best performers on the Nasdaq, jumping more than 6%. Tesla rose 3.6% and Apple rose 1%.

The modest gains followed a sell-off in stocks on Tuesday. The Dow Jones lost more than 1,200 points, or almost 4%, while the S&P 500 lost 4.3%. The Nasdaq Composite fell 5.2%. It was the biggest one-day drop for all three averages since June 2020.

The decline was triggered by August’s Consumer Price Index report, which showed headline inflation rising 0.1% on a monthly basis despite lower gasoline prices.

The hot inflation report left questions over whether stocks could return to their June lows or fall even further. It also sparked some fears that the Federal Reserve could raise interest rates even higher than the 75 basis points expected by the markets.

“Tuesday’s selloff reminds us that a sustained recovery will likely require clear evidence that inflation is on a downtrend. With macroeconomic and political uncertainty elevated, we expect markets to remain volatile in coming months,” said Mark Haefele, CIO of UBS Global. Wealth Management, said in a note to clients.

The breadth of the market was mixed on Wednesday, with falling stocks slightly outpacing the S&P 500 gainers. Materials stocks slid, dragging Nucor down 11%.

Read the coverage of the mercado de hoy en español here.

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Bajaj Finserv lifts Indian stocks as investors look past rising inflation https://faceovl.com/bajaj-finserv-lifts-indian-stocks-as-investors-look-past-rising-inflation/ Tue, 13 Sep 2022 05:03:00 +0000 https://faceovl.com/bajaj-finserv-lifts-indian-stocks-as-investors-look-past-rising-inflation/ The Bombay Stock Exchange (BSE) building is reflected in a man’s glasses as he watches a large screen outside the facade of the building in Mumbai, February 1, 2020. REUTERS/Francis Mascarenhas Join now for FREE unlimited access to Reuters.com Register BENGALURU, Sept 13 (Reuters) – Indian stocks hit a five-month high on Tuesday, led by […]]]>

The Bombay Stock Exchange (BSE) building is reflected in a man’s glasses as he watches a large screen outside the facade of the building in Mumbai, February 1, 2020. REUTERS/Francis Mascarenhas

Join now for FREE unlimited access to Reuters.com

BENGALURU, Sept 13 (Reuters) – Indian stocks hit a five-month high on Tuesday, led by strong gains in Bajaj Finserv and HDFC Life Insurance, as investors looked past inflation higher than intended.

The NSE Nifty 50 Index (.NSEI) rose 0.65% to 18,053, 0441 GMT, while the S&P BSE Sensex (.BSESN) rose 0.65% to 60,503.02. Both indexes were set for their fourth consecutive session of advances.

Bajaj Finserv (BJFS.NS), a holding company for financial services firms, jumped 7.6%, ahead of a record-breaking stock split and free share issue.

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Shell lender Bajaj Finance (BJFN.NS), which is owned by Bajaj Finserv, rose 2.2%.

HDFC Life Insurance Company (HDFL.NS) jumped 4.7% to its highest level since June 9. Reuters reported on Tuesday that British asset manager abrdn plc (ABDN.L) will sell a stake in HDFC Life through a block transaction on Tuesday. Read more

The gains offset concerns about inflation accelerating to 7% in August, above both the 6.9% forecast in a Reuters poll of economists and July’s 6.71%.

Higher-than-expected inflation could prompt the central bank to raise interest rates again later this month.

Meanwhile, industrial production in July rose 2.4% slower than expected. Read more

“A weak industrial impression and a CPI above the RBI comfort zone are weighed against continued buying by foreign investors, weak oil prices and a weaker dollar index,” he said. said Ajay Bodke, an independent market analyst.

“Risk aversion towards emerging markets is receding,” Bodke added.

Aid sentiment was a strong finish on Wall Street overnight and gains among Asian peers on Tuesday.

Investors are also watching inflation data from the United States which will give indications of the outlook for interest rates, and hope that it could offer another signal that inflation has peaked.

Meanwhile, in domestic markets, Vedanta (VDAN.NS) rose 1.9% to hit a high in mid-June after Reuters reported the company had picked the prime minister’s home state Indian Narendra Modi, Gujarat, for his semiconductor project. Read more

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Reporting by Chris Thomas in Bengaluru; Editing by Neha Arora

Our standards: The Thomson Reuters Trust Principles.

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Want $1,000 of passive income every year? Buy these 2 shares now https://faceovl.com/want-1000-of-passive-income-every-year-buy-these-2-shares-now/ Sun, 11 Sep 2022 13:45:00 +0000 https://faceovl.com/want-1000-of-passive-income-every-year-buy-these-2-shares-now/ Building a passive income stream from your investments is a dream shared by many, and it’s no surprise why. Seeing dividend payments flow into your account is extremely satisfying, especially since you don’t have to work for it other than choosing the right companies to invest in. If you want to generate truly passive income, […]]]>

Building a passive income stream from your investments is a dream shared by many, and it’s no surprise why. Seeing dividend payments flow into your account is extremely satisfying, especially since you don’t have to work for it other than choosing the right companies to invest in.

If you want to generate truly passive income, you’ll need to invest in businesses that are eminently stable and unlikely to be under serious financial pressures that would require a significant dividend cut to keep the lights on. In that vein, there are two solid passive income stocks that investors should be aware of. They probably won’t beat the market anytime soon, but with a little diligence, it won’t be too hard to rack up enough stock to bring in $1,000 in annual payouts you can count on for the long haul.

1. Real Estate in Alexandria

Alexandria Real Estate Stocks (ARE 1.21%) is a real estate investment trust (REIT) specializing in the development and leasing of biomedical laboratory and office space to leading companies in the sector, and it is also a passive income machine for investors who have a little patience .

It derives its rental income from its roster of over 850 tenants, many of whom are household names like Modern and Pfizerand even a few non-biopharmaceutical companies like UberTechnologies. That means its biggest tenants are unlikely to default and, when paired with annual rent increases, it also means Alexandria’s income will continue to rise even if it doesn’t buy and build. no new properties.

In the first half of 2022 alone, thanks to aggressive rental volumes and rising rental prices, it brought in more than $1.2 billion, a 27.2% increase over the first half. from last year. Alexandria stock currently has a forward dividend yield of just over 3%, which is pretty low for a REIT. But its dividend payout has increased 123% over the past 10 years, and management plans to continue to increase it steadily to take advantage of its strong cash flow.

Either way, you’ll need to invest a good chunk of change to reach $1,000 of passive income per year, or just over $32,573, to be exact. Most investors won’t have that much money lying around, so it makes sense to set up a recurring purchase of the company’s stock to build up a sufficiently sized position over the course of a few years. At its current price and yield, if you buy $500 worth of stock each month, it will only take you about five years and a few months to achieve a totally passive annual income.

While it won’t get you rich quick, it will provide cash flow from your portfolio, not to mention ownership of a top-tier life science REIT that is likely to retain its value. value over time, regardless of economic conditions.

2. Boston Properties

Like Alexandria, Boston Properties (BXP 0.19%) leases both lab space and office space – although lab space is only a small part of its portfolio. And, despite the name, he actually owns properties on both coasts of the United States, including Boston in particular. Its main tenants are powerful biopharmaceutical players, such as biogenicas well as multinational software companies like Alphabet and Microsoft.

From the first quarter of 2012 to the first quarter of 2022, its compound annual growth rate (CAGR) of rental income from its tenants in the technology, life sciences, healthcare and media sectors was 11%. In the second quarter of this year, this growth translated into revenue of $773.9 million. And with over 16 million square feet of floor space under development, it can continue to grow for the foreseeable future.

Boston Properties’ forward dividend yield of 4.9% means you’ll need to invest around $20,400 to achieve $1,000 in annual passive income, which is a bit more accessible than with Alexandria. With a monthly investment of $500, it would only take you about three years to accumulate enough stock.

But it’s important to remember that because Boston Properties’ portfolio is primarily concentrated in office space (for which there are many alternative providers) rather than rarer and more valuable laboratory space, it is not not as resilient to economic downturns. Its passive income potential is therefore a bit more risky than that of Alexandria.

Suzanne Frey, an executive at Alphabet, is a board member of The Motley Fool. Alex Carchidi has no position in the stocks mentioned. The Motley Fool has positions in and recommends Alexandria Real Estate Equities, Alphabet (A shares), Alphabet (C shares) and Microsoft. The Motley Fool recommends Biogen, Moderna Inc. and Uber Technologies. The Motley Fool has a disclosure policy.

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What does the Palo Alto Networks stock split mean for investors? https://faceovl.com/what-does-the-palo-alto-networks-stock-split-mean-for-investors/ Fri, 09 Sep 2022 21:41:05 +0000 https://faceovl.com/what-does-the-palo-alto-networks-stock-split-mean-for-investors/ Palo Alto Networks (PANW) will conduct its first-ever stock split after announcing strong fiscal fourth-quarter results last month. The cybersecurity firm said it would launch a three-for-one split, meaning investors will receive two additional shares for each one they already own. Palo Alto went public in July 2012 at $42.00 per share. The shares closed […]]]>

Palo Alto Networks (PANW) will conduct its first-ever stock split after announcing strong fiscal fourth-quarter results last month.

The cybersecurity firm said it would launch a three-for-one split, meaning investors will receive two additional shares for each one they already own.

Palo Alto went public in July 2012 at $42.00 per share. The shares closed at $547.25 on Sept. 8 on a pre-split adjusted basis.

Palo Alto Stock Split Date

The Palo Alto stock split is expected to take place after the market closes on September 13.

A chart showing the performance of Palo Alto Networks (PANW) stock since its IPOrc=

The Palo Alto Stock Split and What It Means

The split will not affect Morningstar’s fair value estimate of $590.00 per share, equity analyst Malik Ahmed Khan said. That estimate will be adjusted to around $197.00 to account for the increase in the number of shares outstanding, according to Khan. The company’s Morningstar Economic Moat Rating of Wide, meaning it has a competitive edge over rivals, will also not be affected by the split.

“Palo Alto’s platform-leading approach to network security, cloud security and security automation drives organizations to consolidate their spending on its products, which we believe increases switching costs,” says Khan. “We expect the company to reap the positive effects of locking customers into its ecosystem as it approaches GAAP profitability on a more consistent basis.”

Palo Alto shares will retain their 3-star Morningstar rating after the split, meaning the shares will still be considered fairly valued by Khan.

“As organizations upgrade their networks for hybrid working and to utilize more cloud-based resources, we believe Palo Alto has a holistic security blanket that protects against the broader threat environment, which which keeps demand resilient,” says Khan.

Other stock splits

Palo Alto is one of many companies to split their stock this year. You’re here (TSLA) had a 3-for-1 stock split in August. Amazon (AMZN) had a 20-to-1 split in June, and Alphabet (GOOG) (GOOGL) launched its own 20-for-1 division in July.

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Stocks rise on Wednesday as Nasdaq tries to break 7-day losing streak https://faceovl.com/stocks-rise-on-wednesday-as-nasdaq-tries-to-break-7-day-losing-streak/ Wed, 07 Sep 2022 13:47:00 +0000 https://faceovl.com/stocks-rise-on-wednesday-as-nasdaq-tries-to-break-7-day-losing-streak/ Stocks rose on Wednesday as Wall Street tried to shake off a three-week decline. The Dow Jones Industrial Average gained 100 points. The S&P 500 rose 0.42% and the Nasdaq Composite rose 0.69%, trying to break a losing streak. The moves reversed an earlier plunge into negative territory in futures trading. Stock futures fell after […]]]>

Stocks rose on Wednesday as Wall Street tried to shake off a three-week decline.

The Dow Jones Industrial Average gained 100 points. The S&P 500 rose 0.42% and the Nasdaq Composite rose 0.69%, trying to break a losing streak.

The moves reversed an earlier plunge into negative territory in futures trading. Stock futures fell after a Wall Street Journal article suggested that Federal Reserve Chairman Jerome Powell’s pledge to cut inflation could mean the central bank would raise rates by 0, 75 percentage points in September, which would be the third consecutive increase of this size. Markets had been hoping the Fed would start granting more modest increases from September, but are now pricing in an 86% chance of a 0.75 percentage point hike.

Shares added to their three-week slide on Tuesday. The Dow Jones fell about 173 points, or 0.5%, and the S&P 500 slipped 0.4%. The Nasdaq Composite fell 0.7% to record its first seven-day losing streak since 2016.

The moves came amid a surge in bond yields that saw the 10-year US Treasury yield hit its highest level since June. The 30-year Treasury rate closed at its highest level since 2014. Bond yields move inversely to prices. Rates fell slightly on Wednesday, with the 10-year trading at 3.321%. The 2-year and 30-year yields were trading at 3.47% and 3.472% respectively.

Investors are divided on how to approach the market as they enter the first post-Labor Day week in September, a notoriously cruel month for stocks. All eyes are on the 3,900 level of the S&P 500. Some see the index falling to even lower lows, while others are bullish on a year-end rally.

“With equities back to June lows and the rate path reset, further inflation easing as well as decisive EU government intervention to tackle the energy crisis could cause a further compression of the decline,” Barclays’ Emmanuel Cau wrote in a Wednesday note. “Overview, we think equities remain in a tough spot given a poor growth-policy trade-off.”

On Wednesday, the Federal Reserve will deliver its summary of current economic conditions, also known as the Beige Book. Elsewhere, Fed Chairs Loretta Mester of Cleveland and Tom Barkin of Richmond, as well as Fed Vice Chair Lael Brainard, are expected to speak at various events.

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Year-on-year investor losses hit 43% as stock shed $161m last week https://faceovl.com/year-on-year-investor-losses-hit-43-as-stock-shed-161m-last-week/ Mon, 05 Sep 2022 13:18:46 +0000 https://faceovl.com/year-on-year-investor-losses-hit-43-as-stock-shed-161m-last-week/ Passive investing in an index fund is a good way to ensure that your own returns roughly match the broader market. When you buy individual stocks, you can earn higher profits, but you also run the risk of underperformance. This downside risk was materialized by Infinera Corporation (NASDAQ:INFN) shareholders over the past year, with the […]]]>

Passive investing in an index fund is a good way to ensure that your own returns roughly match the broader market. When you buy individual stocks, you can earn higher profits, but you also run the risk of underperformance. This downside risk was materialized by Infinera Corporation (NASDAQ:INFN) shareholders over the past year, with the stock price down 43%. This is disappointing when you consider that the market is down 18%. At least the damage isn’t that bad if you look at the past three years, since the stock is down 4.4% over that time. And the share price decline has continued over the past week, dropping around 13%.

With the stock down 13% in the past week, it’s worth taking a look at the trade performance and seeing if there are any red flags.

However, if you prefer to see where opportunities and risks are within the INFN industryyou can consult our analysis on the communications industry in the United States.

Since Infinera has not made a profit in the last twelve months, we will focus on revenue growth to get a quick overview of its business development. Shareholders of unprofitable companies generally expect strong revenue growth. Indeed, it is difficult to be sure that a business will be sustainable if revenue growth is negligible and it never makes a profit.

Infinera increased its turnover by 6.6% compared to last year. While that might sound decent, it’s not great considering the company continues to make losses. Given this lackluster revenue growth, the 43% share price decline seems appropriate enough. It is important to remember that non-profit businesses need to grow. But if you buy a loss-making company, you could become a loss-making investor.

The image below shows how earnings and income have tracked over time (if you click on the image you can see more details).

NasdaqGS: INFN Earnings and Revenue Growth September 5, 2022

We consider it positive that insiders have made significant purchases over the past year. That said, most people consider profit and revenue growth trends to be a more meaningful guide to the business. This free report showing analyst forecasts should help you form an opinion on Infinera

A different perspective

While the broader market lost around 18% in the twelve months, Infinera shareholders fared even worse, losing 43%. However, it could simply be that the stock price was impacted by greater market jitters. It might be worth keeping an eye on the fundamentals, in case there is a good opportunity. Unfortunately, last year’s performance capped a bad run, with shareholders facing a total loss of 7% per year over five years. Generally speaking, long-term stock price weakness can be a bad sign, although contrarian investors may want to seek out the stock in hopes of a turnaround. It is always interesting to follow the evolution of the share price over the long term. But to better understand Infinera, we need to consider many other factors. Take risks, for example – Infinera has 2 warning signs we think you should know.

There are many other companies whose insiders buy shares. You probably do not want to miss this free list of growing companies insiders are buying.

Please note that the market returns quoted in this article reflect the average market-weighted returns of stocks currently trading on US exchanges.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

Calculation of discounted cash flows for each share

Simply Wall St performs a detailed calculation of discounted cash flow every 6 hours for every stock in the market, so if you want to find the intrinsic value of any company, just search here. It’s free.

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If I could only buy one dividend stock in September, it would be this one. https://faceovl.com/if-i-could-only-buy-one-dividend-stock-in-september-it-would-be-this-one/ Sat, 03 Sep 2022 13:45:00 +0000 https://faceovl.com/if-i-could-only-buy-one-dividend-stock-in-september-it-would-be-this-one/ I like generating passive income because it gives me more financial flexibility. Dividend stocks are one of my main sources. For this reason, I regularly buy more shares of various dividend-paying stocks each month because I have the money to invest. However, if I could only buy one dividend share this month of September, NextEra […]]]>

I like generating passive income because it gives me more financial flexibility. Dividend stocks are one of my main sources. For this reason, I regularly buy more shares of various dividend-paying stocks each month because I have the money to invest.

However, if I could only buy one dividend share this month of September, NextEra Energy (BORN -1.33%) would be at the top of my list. Here’s why it stands out as a great income investment this month.

A rock-solid revenue stream now

NextEra Energy’s dividend may not appeal to investors looking for high yield dividend yield. However, at 2%, it is higher than the return of 1.6% on a S&P500 index fund.

More importantly, this payment is based on an incredibly solid base. Like a utility, NextEra Energy generates very stable revenues supported by government-regulated tariff structures and long-term contracts. Meanwhile, demand for electricity and natural gas tends to be relatively stable, even during recessions. This provides the company with a stable income to support its payment.

NextEra Energy pays out a conservative percentage of its earnings as dividends. His dividend distribution rate was 60% at the end of last year, below its peer group average of 65%. This gives it a larger safety net while allowing it to retain more cash to fund its expansion.

NextEra also has an industry-leading balance sheet with A-rated credit backed by strong credit metrics. This gives it better access to low-cost financing to invest in expansion projects.

Finally, he has an additional source of capital that the others do not have: NextEra Energy The partners (NEP -0.18%). He created this entity to acquire, own and operate clean energy infrastructure. This strategic relationship allows NextEra Energy to recycle capital by selling revenue-generating clean energy infrastructure assets to NextEra Energy Partners. This, in turn, provides NextEra with cash to fund new development projects, while giving NextEra Partners another cash asset to support its rapidly increasing dividend.

Even more income later

What takes NextEra Energy’s dividend to a whole new level is its growth potential. The company aims to increase its payout by around 10% per year until at least 2024.

The rapid increase in company profits is driving this outlook. NextEra Energy is investing heavily to continue building Florida’s premier electric utility and world-class business renewable energy-generation portfolio. The company plans to invest between $85 billion and $95 billion by 2025 on its two growth engines. He expects these investments to boost his adjusted earnings per share by about 10% a year at the high end of his guidance range. During that time, he sees operating cash flow increasing at or above that level.

The company’s ability to grow its dividend at a high rate should give it the power to produce above-market total returns. Over the past 15 years, NextEra Energy has grown its adjusted earnings per share at a compound annual rate of 8.4% while increasing the dividend at an annual rate of 9.8%. This rapidly increasing dividend has helped generate total returns that have nearly tripled against the S&P 500 over this period.

Meanwhile, NextEra Energy should have enough power to continue growing at an above-average rate for years to come. He revealed his audacity “Real Zero” Strategy earlier this year to eliminate carbon emissions from its Florida utility by 2045 and lead the country’s decarbonization. This allows it to capitalize on a $4 trillion business opportunity that could drive growth over the next 30 years.

An excellent long-term dividend stock

NextEra Energy has everything I could want in a dividend stock. It offers an above-average return backed by strong finances. Because of this, it has the financial flexibility to capitalize on the huge renewable energy opportunity. This should fuel healthy growth for years to come, allowing NextEra Energy to increase its dividend at an attractive rate.

This combination of growth and income should allow NextEra to deliver above-market total returns, which will help me reach my financial goals faster. This is why I regularly buy more stocks each month, which I intend to continue in September.

Matthew DiLallo holds positions at NextEra Energy and NextEra Energy Partners. The Motley Fool fills positions and recommends NextEra Energy. The Motley Fool has a disclosure policy.

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Why Asana Stock was beaten on Thursday https://faceovl.com/why-asana-stock-was-beaten-on-thursday/ Thu, 01 Sep 2022 21:21:31 +0000 https://faceovl.com/why-asana-stock-was-beaten-on-thursday/ What happened Asana (ASAN -6.94%) it’s less than a week away from releasing its latest quarterly results, and it looks like experts aren’t expecting a big performance. An analyst launched coverage of the labor platform software developer’s stock on Thursday, and his take didn’t really inspire people to pick up shares. As a result, Asana […]]]>

What happened

Asana (ASAN -6.94%) it’s less than a week away from releasing its latest quarterly results, and it looks like experts aren’t expecting a big performance. An analyst launched coverage of the labor platform software developer’s stock on Thursday, and his take didn’t really inspire people to pick up shares. As a result, Asana fell nearly 7% on the day.

So what

This analyst is Citigroupfrom Steven Enders, who before the market opened began his coverage of Asana with a neutral recommendation at a target price of $23 per share.

In his research note, Enders wrote that the company faces significant competition in the work platform space. This will be a challenge to overcome, compared to some peers, Asana has limited cash. At the same time, its costs are high compared to those of competitors.

Such a take adds to investors’ worries about the company’s future. Although it continues to grow revenue at double-digit rates, that growth is expected to slow – in its most recent quarter, it posted a 57% year-over-year gain on revenue. business. However, the company is currently targeting a maximum annual rate of 43% for its entire current fiscal year 2023. And, like many tech startups, Asana regularly posts net losses.

Now what

We’ll see if Enders’ neutral stance is warranted next week, as Asana is expected to report its second quarter fiscal 2023 results on Wednesday, September 7. On average, analysts who follow the stock are not particularly optimistic; they expect the company to post a larger net loss of $0.39 per share, well below the shortfall of $0.23 from the same period last year. A year-over-year comparison of sales estimates was not immediately available.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Eric Volkman has no position in the stocks mentioned. The Motley Fool holds roles and endorses Asana, Inc. The Motley Fool has a Disclosure Policy.

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Shares of Chinese electric vehicle maker BYD fall after Warren Buffett cuts his stake https://faceovl.com/shares-of-chinese-electric-vehicle-maker-byd-fall-after-warren-buffett-cuts-his-stake/ Wed, 31 Aug 2022 04:42:18 +0000 https://faceovl.com/shares-of-chinese-electric-vehicle-maker-byd-fall-after-warren-buffett-cuts-his-stake/ Shares of Hong Kong-listed BYD fell on Wednesday after Warren Buffett’s Berkshire Hathaway cut its stake in the Chinese electric carmaker – and a fund manager said it could be a harbinger of more to come . The conglomerate cut its shares slightly from 20.04% to 19.92%, according to a Hong Kong stock exchange filing. […]]]>

Shares of Hong Kong-listed BYD fell on Wednesday after Warren Buffett’s Berkshire Hathaway cut its stake in the Chinese electric carmaker – and a fund manager said it could be a harbinger of more to come .

The conglomerate cut its shares slightly from 20.04% to 19.92%, according to a Hong Kong stock exchange filing. Berkshire sold 1.33 million shares of BYD for about $47 million – the conglomerate now owns 218.7 million shares, according to the filing.

“This is a common trend for investors who are starting to pull money out of the market,” Yang Liu, president and chief investment officer of Atlantis Investment, told CNBC’s “Squawk Box Asia” on Wednesday.

“Maybe we’ll see more.”

Shares of BYD plunged more than 12% in Wednesday’s Hong Kong session and were the worst performer on the Hang Seng Index, according to Refinitiv data. The stock has jumped more than 600% in the past 10 years.

Earlier this week, the company reported strong numbers for the first half of 2020, with its net profit for the period totaling 3.6 billion yuan ($521 million), tripling from a year earlier.

Asked what this means for China’s electric vehicle market, Liu said Berkshire’s latest move could be “warning signs that the market could be [coming] to a big correction.”

“There are too many uncertainties and I think [Buffett] got a little nervous,” she said. “Maybe this recession ahead of us for the US economy and also weaker Chinese consumption is driving down investor confidence on a larger scale.”

Room for more stimulus in China

Looking ahead to China’s upcoming National People’s Congress in October, Liu said China had room for more government stimulus, and said the current package was “not enough”.

China’s State Council last week announced a series of stimulus measures worth tens of billions of dollars, as the country seeks to boost its economy which has been battered by Covid lockdowns and a crisis. real estate.

“The government has an opportunity to help the economy and boost confidence,” the fund manager said.

She said people will be looking for clues about the government’s growth prospects “to see what happens.”

“That will give us a big indication [on] where will China’s economy go,” including the direction of the government’s zero-Covid policy and the measures that will be taken to tackle low consumption, she said.

“Economy needs trust to believe, now it’s all about trust,” Liu added.

CNBC’s Yun Liu contributed to this report.

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