![]() ![]() For Q1 2021, the company’s comparable digital sales surged by 50%. This growth acceleration has pushed TGT stock upwards.Īnother factor that has supported the stock is the company’s efforts to build an omni-channel sales presence. Even in Q1 2020, the company’s comparable sales growth was 10.8%. In Q1 2021, the company reported comparable sales growth of 22.9%. The upside for Target stock has been driven by several fundamental factors. TGT stock has trended higher by more than 88% in the last 12 months. Therefore, it’s a good time to remain invested in RIO stock. Goldman expects firm prices through 2023 and possibly into 2024. It’s important to note that Goldman Sachs recently opined that the iron ore bull market is unlikely to run out of steam. With healthy cash flows, the company is set to maintain dividends. The company also ended Q2 2021 with a net cash position of $3.1 billion. For the first half of 2021, the company reported EBITDA of $21 billion and free cash flow of $10.2 billion. Rio Tinto has already been delivering healthy numbers. Valuation indicates further upside potential for the stock after some consolidation. Furthermore, the stock trades at a trailing-12-month P/E of 6.89. This is where Rio Tinto comes in.Ĭurrently, RIO stock offers an annualized dividend of $6.85, which translates into an attractive dividend yield of 8.65%. Additionally, as global GDP growth accelerates, industrial commodity prices will probably remain firm. With artificially low interest rates, it’s likely the rally will sustain for commodities. ![]() Inflation has recently become a growing concern. Lockheed Martin is well-positioned to benefit as defense budgets increase in the coming years. It’s worth noting that many North Atlantic Treaty Organization (NATO) allies are still short of their defense spending target. With increasing orders from outside the United States, the company is positioned for healthy growth. ![]() In terms of order inflow, Switzerland recently selected the company for a $5.5 billion order. Clearly, there is ample financial headroom for dividends and share repurchase. This would imply an annualized FCF of $4 to $5 billion. Further, for Q2 2021, the company reported free cash flow of $950 million. This will likely help deliver strong operating and free cash flows.įor the current year, the company expects operating cash flow of $8.9 billion. Lockheed has a strong order backlog of nearly $142 billion that provides clear revenue visibility. Further, at a forward P/E of 13.4, the stock seems poised for upside from current levels. LMT stock has an annualized dividend of $10.40 and a current yield of 2.9%. Lockheed Martin was among the names in the list, and that’s not surprising. Recently, UBS highlighted its top 20 dividend stocks for yields in difficult times. Therefore, the company has ample financial headroom for share buybacks and higher dividends. This would imply an annualized OCF of $84 billion. With strong brand loyalty and recognition, it is likely to make inroads in this sector with high growth potential for the next decade.įrom a financial perspective, Apple reported $21 billion in operating cash flow (OCF) for Q3 2021. With aggressive investment in product innovation, it’s likely this trend will sustain across all of its offerings.Īpple’s entry into the electric vehicle (EV) market is also likely to keep investors interested. iPhones still make up the largest portion of its sales, but growth has been healthy in the wearables and services segment. The stock looks attractive at a forward price-to-earnings (P/E) ratio of 26.7.Īnother reason to like Apple is that its revenues are diversified. In the same period, the company’s earnings per share growth was 102%. Given the company’s business growth and cash flow potential, I believe dividends will consistently increase over the next decade.įor the third quarter of 2021, Apple reported revenue growth of 36% on a year-over-year (YOY) basis to $81.4 billion. AAPL stock currently pays an annualized dividend of 88 cents.
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