Wall Street wrapped up 2022 as the worst year since 2008, terminating a three-year winning streak. Major stock indexes suffered a bloody blow last year.
Inflation is stuck at its 40-year high level due to the pandemic-led destruction of the global supply-chain system and strong demand from U.S. citizens due to unprecedented fiscal and monetary stimuli in the pandemic-ridden years.
Moreover, aggressive interest rate hikes by major central banks led by the Fed, lockdown in China due to the resurgence of COVID-19 infections and geopolitical conflict between Russia and Ukraine rattled the global financial world last year.
U.S. stock markets started 2023 with regular fluctuations. Volatility is likely to continue in the near-term as market participants will keenly watch the major economic data of December 2022. Moreover, the next FOMC meeting of the Fed will start on Feb 1, which would lead the foundation of the central bank’s policies for 2023.
Stocks in Focus
At this stage, dividend-paying stocks should be in demand as investors will try to safeguard their portfolio. We believe that one should consider stocks that have recently raised their dividend payments. Five such companies are Luxfer Holdings plc (LXFR - Free Report) , Bank OZK (OZK - Free Report) , Alamo Group Inc. (ALG - Free Report) , TD SYNNEX Corp. (SNX - Free Report) and Lakeland Financial Corp.(LKFN - Free Report) .
Luxfer Holdings is a materials technology company specializing in the design, manufacture and supply of high-performance materials, components and gas cylinders. LXFR has two divisions, Elektron and Gas Cylinders. The Elektron division focuses on specialty materials based on magnesium, zirconium and rare earths. The Gas Cylinders division manufactures products made from aluminum, composites and other metals using technically advanced processes.
On Jan 3, 2023, Luxfer Holdings declared that its shareholders would receive a dividend of $0.13 per share on Feb 1, 2023. It has a dividend yield of 3.6%. Over the past 5 years, LXFR has increased its dividend two times, and its payout ratio presently stays at 41% of earnings. Check LXFR’s dividend history here.
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
Wall Street wrapped up 2022 as the worst year since 2008, terminating a three-year winning streak. Major stock indexes suffered a bloody blow last year.
Inflation is stuck at its 40-year high level due to the pandemic-led destruction of the global supply-chain system and strong demand from U.S. citizens due to unprecedented fiscal and monetary stimuli in the pandemic-ridden years.
Moreover, aggressive interest rate hikes by major central banks led by the Fed, lockdown in China due to the resurgence of COVID-19 infections and geopolitical conflict between Russia and Ukraine rattled the global financial world last year.
U.S. stock markets started 2023 with regular fluctuations. Volatility is likely to continue in the near-term as market participants will keenly watch the major economic data of December 2022. Moreover, the next FOMC meeting of the Fed will start on Feb 1, which would lead the foundation of the central bank’s policies for 2023.
Stocks in Focus
At this stage, dividend-paying stocks should be in demand as investors will try to safeguard their portfolio. We believe that one should consider stocks that have recently raised their dividend payments. Five such companies are Luxfer Holdings plc (LXFR - Free Report) , Bank OZK (OZK - Free Report) , Alamo Group Inc. (ALG - Free Report) , TD SYNNEX Corp. (SNX - Free Report) and Lakeland Financial Corp.(LKFN - Free Report) .
Luxfer Holdings is a materials technology company specializing in the design, manufacture and supply of high-performance materials, components and gas cylinders. LXFR has two divisions, Elektron and Gas Cylinders. The Elektron division focuses on specialty materials based on magnesium, zirconium and rare earths. The Gas Cylinders division manufactures products made from aluminum, composites and other metals using technically advanced processes.
On Jan 3, 2023, Luxfer Holdings declared that its shareholders would receive a dividend of $0.13 per share on Feb 1, 2023. It has a dividend yield of 3.6%. Over the past 5 years, LXFR has increased its dividend two times, and its payout ratio presently stays at 41% of earnings. Check LXFR’s dividend history here.
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
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