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The Zacks Analyst Blog Highlights: Airlines, Permianville Royalty Trust, Fortescue Metals, Sunoco and Oasis Midstream Partners
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For Immediate Release
Chicago, IL – August 12, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Airlines Group SA (ICAGY - Free Report) , Permianville Royalty Trust (PVL - Free Report) , Fortescue Metals Group Ltd. (FSUGY - Free Report) , Sunoco LP (SUN - Free Report) and Oasis Midstream Partners LP .
Here are highlights from Friday’s Analyst Blog:
Buy These 5 Cheap Dividend Stocks As Recession Fear Looms
Investors are getting skittish with this market. First it’s the trade war and the President getting tough on China, and then it’s China refusing to back down. Then, the tariffs and pressures on the country push the yuan to multi-year lows (below 7 a dollar), which is something of an unspoken ceiling. This sets off a reaction from Washington that China is a currency manipulator. But actually, the Chinese government just hasn’t defended the currency as aggressively as it has done in the past, (possibly) figuring that the weakness will be good for exports and offset tariff pressures.
And then all hell breaks loose, because it really is good for exports, and causes the dollar to strengthen relatively, increasing pressure on U.S. exports. So, is the government going to step in and start selling dollars from its 85-year-old Exchange Stabilization Fund, as it has done in the 1960s and 1970s? The answer is, we don’t know. But a Bofa analyst thinks it isn’t going to be that easy and could impact the sovereign debt.
So rather than dwelling on what could happen in a recession, and whether we are going to have one at all, it’s probably a better idea to look for stocks that can generate income when Mr. Market doesn’t oblige.
With that and the importance of relevant industries in mind, I’ve picked a few names, you can see for yourselves-
Up first is International Consolidated Airlines Group SA, which is a Zacks Rank #1 (Strong Buy) stock. It has a VGM Score of B. It’s P/E of 3.82X is better than the industry’s 9.80X. Its dividend yields 16.17%.
Next in line is Permianville Royalty Trust, which is also a Zacks Rank #1 stock with a VGM Score of B. A P/E of 9.58X makes it a no-brainer when compared with the industry’s 51.00X. Its dividend yields 11.2%.
Fortescue Metals Group Ltd. is also a Zacks Rank #1 stock with VGM Score of A. A P/E of 3.37X versus the industry’s 6.40X makes it an attractive pick. Its dividend yields 16.93%.
Sunoco LP also has the right numbers, including a VGM Score of B and P/E of 11.10X (industry P/E 14.50X). Its dividend yields 10.42%.
Also check out Oasis Midstream Partners LP with its Zacks Rank #1, VGM Score of A and P/E of 5.41, which is much better than the industry’s 13.60X. What’s more, its dividend yields 11.05%.
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Airlines, Permianville Royalty Trust, Fortescue Metals, Sunoco and Oasis Midstream Partners
For Immediate Release
Chicago, IL – August 12, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Airlines Group SA (ICAGY - Free Report) , Permianville Royalty Trust (PVL - Free Report) , Fortescue Metals Group Ltd. (FSUGY - Free Report) , Sunoco LP (SUN - Free Report) and Oasis Midstream Partners LP .
Here are highlights from Friday’s Analyst Blog:
Buy These 5 Cheap Dividend Stocks As Recession Fear Looms
Investors are getting skittish with this market. First it’s the trade war and the President getting tough on China, and then it’s China refusing to back down. Then, the tariffs and pressures on the country push the yuan to multi-year lows (below 7 a dollar), which is something of an unspoken ceiling. This sets off a reaction from Washington that China is a currency manipulator. But actually, the Chinese government just hasn’t defended the currency as aggressively as it has done in the past, (possibly) figuring that the weakness will be good for exports and offset tariff pressures.
And then all hell breaks loose, because it really is good for exports, and causes the dollar to strengthen relatively, increasing pressure on U.S. exports. So, is the government going to step in and start selling dollars from its 85-year-old Exchange Stabilization Fund, as it has done in the 1960s and 1970s? The answer is, we don’t know. But a Bofa analyst thinks it isn’t going to be that easy and could impact the sovereign debt.
So rather than dwelling on what could happen in a recession, and whether we are going to have one at all, it’s probably a better idea to look for stocks that can generate income when Mr. Market doesn’t oblige.
With that and the importance of relevant industries in mind, I’ve picked a few names, you can see for yourselves-
Up first is International Consolidated Airlines Group SA, which is a Zacks Rank #1 (Strong Buy) stock. It has a VGM Score of B. It’s P/E of 3.82X is better than the industry’s 9.80X. Its dividend yields 16.17%.
Next in line is Permianville Royalty Trust, which is also a Zacks Rank #1 stock with a VGM Score of B. A P/E of 9.58X makes it a no-brainer when compared with the industry’s 51.00X. Its dividend yields 11.2%.
Fortescue Metals Group Ltd. is also a Zacks Rank #1 stock with VGM Score of A. A P/E of 3.37X versus the industry’s 6.40X makes it an attractive pick. Its dividend yields 16.93%.
Sunoco LP also has the right numbers, including a VGM Score of B and P/E of 11.10X (industry P/E 14.50X). Its dividend yields 10.42%.
Also check out Oasis Midstream Partners LP with its Zacks Rank #1, VGM Score of A and P/E of 5.41, which is much better than the industry’s 13.60X. What’s more, its dividend yields 11.05%.
Still not convinced? Try the complete list of today’s Zacks #1 Rank (Strong Buy) stocks instead.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
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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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.