These stocks have strong balance sheets as broader market sells off

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 72%

Delta Air Lines Inc News

Bath & Body Works Inc,General Mills Inc,International Business Machines Corp

Wolfe Research shared its latest list of stocks with high free cash flow.

Companies with stronger balance sheets may give investors a leg up when markets become tumultuous – and Wolfe Research has a few stocks that could fit the bill. A combination of disappointing tech earnings, uncertainty around the presidential election this November and an imminent rate-cutting cycle sent investors scurrying out of mega-cap tech titans and into their smaller counterparts.

"We are Overweight, but acknowledge LVS may be more suited for investors w/ duration/appreciation for capital return than those seeking NT upside from Macau re-accelerating," the analyst wrote. With an estimated 2024 free cash flow yield of 5%, Lockheed Martin also made the list. Shares of the aerospace and defense giant are up 15% in 2024. Lockheed Martin closed more than 5% higher on Tuesday after the company surpassed earnings and revenue expectations in the second quarter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Buy these stocks if Trump and GOP win big in November, says Wolfe ResearchIf election-betting odds continue to favor Trump and a rate cut this September, Wolfe's Chris Senyek would buy financials and energy stocks.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks to buy if Trump leads Republican sweep after Biden debate flop, according to Wolfe ResearchWolfe Research is highlighting potential winning stocks if former president Donald Trump wins the White House in November and the GOP sweeps Congress.
Source: CNBC - 🏆 12. / 72 Read more »