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Zacks Market Edge Highlights: W.P. Carey, New York Community Bancorp, and Enbridge Inc.

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For Immediate Release

Chicago, IL – January 20, 2022 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/1854105/theres-always-a-bull-market-somewhere)

There's Always a Bull Market Somewhere

Welcome to Episode #299 of the Zacks Market Edge Podcast.

  • (0:30) - Where Is The Bull Market Heading In 2022?
  • (4:00) - Is It Too Good To Be True: Fraud Problems
  • (12:45) - Stock Screener For Strong Stocks: Don’t Fight The Fed
  • (24:00) - Episode Roundup: WPC, NYCB, ENB
  •                Podcast@Zacks.com

Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.

This week, Tracey is going solo to talk about where investors should be looking to invest now that the speculation in many asset classes appears to be peaking and the growth stocks are correcting.

There’s always a bull market somewhere.

Even in the 2000-2003 dot-com bust, when the NASDAQ fell 46%, there were winning stocks that outperformed.

How to Find the New Bulls

1.       Look for industries that have rising earnings.

2.       Look for companies that pay dividends as they usually have strong cash flow management.

3.       Look for industries that will do well in a rising rate environment.

Tracey screened for companies with Zacks Ranks of #1 (Strong Buy), #2 (Buy) and #3 (Hold), that had a dividend yielding above 5% and earnings growth.

These are likely going to be companies that are the opposite of the growth stocks that are selling off.

3 Contrarian Stock Picks for 2022

1.       W.P. Carey (WPC - Free Report)

W.P. Carey is one of the largest net lease REITs. It specializes in high quality single tenants in industrial, warehouse, office, retail and self-storage properties with long-term leases.

W.P. Carey pays a dividend yielding 5.3%.

Shares are up 17.4% in the last year but are still cheap, with a forward P/E of just 15.3.

W.P. Carey’s earnings are expected to rise 5.7% in 2021 and another 3.6% in 2022.

Is W.P. Carey a stock to hide out in during the growth sell-off?

2.       New York Community Bancorp (NYCB - Free Report)

New York Community Bancorp was founded in 1859 and serves the metro NY, New Jersey, Ohio, Florida and Arizona markets.

New York Community Bancorp has a market cap of $6 billion, so it’s not a small community bank.

It pays a dividend, currently yielding 5.1%.

Earnings are expected to jump 42.5% in 2021 and another 4.6% in 2022 yet New York Community Bancorp is cheap with a forward P/E of 10.2.

Shares are up 12.6% in the last month as the banks have rallied on the possibility of the Fed raising rates 4 times in 2022.

Should investors be diving into New York Community Bancorp before the Fed raises?

3.       Enbridge Inc. (ENB - Free Report)

Enbridge is a Canadian energy company that moves about 25% of the crude oil produced in North America and 20% of the natural gas consumed in the United States.

Enbridge operates pipelines, storage and is in renewable energy.

Earnings are expected to rise another 9.8% in 2022 after jumping 23.2% in 2021.

Enbridge shares are still attractive, with a forward P/E of 17.

It pays out the highest dividend of the three, with a yield of 6.5%.

Shares are up 7.9% in 2022, even as the rest of the stock market has slumped.

Should investors hide out in Enbridge in 2022?

What Else Should You Know About Finding Stocks Outside of the Growth Universe?  

Tune into this week’s podcast to find out.

7 Best Stocks for the Next 30 Days

Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."

Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.3% per year. So be sure to give these hand-picked 7 your immediate attention. 

See them now >>

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.


See More Zacks Research for These Tickers


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Enbridge Inc (ENB) - free report >>

W.P. Carey Inc. (WPC) - free report >>

New York Community Bancorp, Inc. (NYCB) - free report >>

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