Key Points
- Many top Wall Street pundits are putting out some end-of-the-year buy lists.
- CNBC’s Jim Cramer’s 40-year career on Wall Street is still going strong.
- Cramer points out November winners often carry the strength through December.
- Is it time for you to get a 2024 portfolio review? After massive gains over the past two years, getting an opinion of a qualified financial advisor makes sense.
Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%. Therefore, sustainable dividend income and capital appreciation potential are essential for total return expectations.
Read More:- 12 most popular types of cryptocurrency
A study from Hartford Funds, in collaboration with Ned Davis Research, found that dividend stocks delivered an annualized return of 9.18% over the past half-century (1973-2023). Over the same timeline, this was more than double the annualized return for non-payers (3.95%).
We have covered Jim Cramer for almost 20 years here at 24/7 Wall St., and like all opinionated Wall Street stock pickers, he had had more than his fair share of home runs and some swings and misses. With a career that started at Goldman Sachs and led to the formation of his hedge fund, Cramer Berkowitz, the founding of The Street, which he wrote for from 1996 to 2021, and his popular Mad Money show, Cramer has something in his pocket that many on Wall Street don’t have: access to almost everybody, everywhere, regardless of their Wall Street status.
Read More:- Bitcoin set for ‘insane long opportunities’ as it enters price discovery: Traders
He recently highlighted 10 stocks he felt had solid potential in December. He cited a Wall Street axiom that stocks with strong November performance often see a follow-through in December. We screened the Cramer picks, and four dividend payers look intriguing now. All have buy ratings at top Wall Street firms that we cover.
EQT
EQT operates as a natural gas production company in the United States.
This natural gas giant is the ultimate Donald Trump energy trade. It offers a 1.41% dividend and solid total return potential. EQT Corp. (NYSE: EQT) is a natural gas production company in the United States.
The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.
Read More:- Bitcoin may attract $2T from new $20T money supply in 2025
EQT recently signed a major joint venture deal with Blackstone Credit and Insurance (BXCI), a unit of Blackstone. The agreement includes EQT interests in key infrastructure assets such as the Mountain Valley Pipeline (MVP), transmission and storage facilities, and the Hammerhead Pipeline. BXCI will provide $3.5 billion in cash for a non-controlling equity stake, valuing the JV at $8.8 billion.
Morgan Stanley has an Overweight rating on the shares and recently raised its $45 target price to $56.
McKesson
McKesson provides health care services in the United States and internationally.
This medical and health care products company is a titan in the industry, and deregulation could benefit the shares, which pay a small, o.50% dividend. McKesson Corp. (NYSE: MCK) provides health care services in the United States and internationally.
Read More:- ‘City under the ice’: NASA scientists find abandoned Cold War military base in Greenland
It operates through four segments:
- U.S. Pharmaceutical
- Prescription Technology Solutions (RxTS)
- Medical-Surgical Solutions
- International
The U.S. Pharmaceutical segment distributes these drug products:
- Branded
- Generic
- Specialty
- Biosimilar
- Over-the-counter pharmaceutical drugs
- Healthcare-related products
This segment also offers practice management, technology, clinical support, and business solutions to community-based oncology and other specialty practices, consulting, outsourcing, technological, and other services, and selling financial, operational, and clinical solutions to pharmacies.
The RxTS segment serves:
- Biopharma and life sciences partners and patients to address medication challenges for patients by working across health care
- Connects patients, pharmacies, providers, pharmacy benefit managers, health plans, and biopharma companies to deliver innovative solutions to help people get the medicine needed to live healthier lives
- Provides prescription price transparency, benefit insight, dispensing support, third-party logistics, and wholesale distribution support services
The Medical-Surgical Solutions segment offers medical-surgical supply distribution, logistics, and other services to health care providers, including physician offices, surgery centers, nursing homes, hospital reference labs, and home health care agencies.
The International segment provides distribution and services to wholesale, institutional, and retail customers in Europe and Canada.
Citigroup has a Buy rating with a giant $713 target price objective.
Tapestry
Tapestry is an American multinational fashion holding company.
While the company recently had an aborted merger attempt with Capri, the stock has been strong due to a recently announced $2 billion stock buyback. Paying a solid 2.2% dividend, this company could be the ultimate holiday idea. Tapestry Inc. (NYSE: TPR) provides luxury accessories and branded lifestyle products in North America, Greater China, the rest of Asia, and internationally.
The company operates in three segments:
- Coach
- Kate Spade
- Stuart Weitzman
It offers:
- Women’s handbags and accessories, such as small leather goods, including mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases
- Novelty accessories include address books, time management and travel accessories, sketchbooks, portfolios, belts, key rings, and charms
The company also provides men’s products, including:
- Bag collections, such as business cases, computer bags, messenger-style bags, backpacks, and totes; small leather goods
- Wallets, card cases, travel organizers, belts, footwear, watches, fragrances, sunglasses, novelty accessories, and ready-to-wear items
In addition, it offers other products:
- Women’s footwear and fragrances
- Eyewear and sunglasses
- Jewelry, such as bracelets, necklaces, rings, and earrings
- Watches
- Women’s seasonal lifestyle apparel collections, including outerwear, ready-to-wear, and cold-weather accessories, such as gloves, scarves, and hats
Further, the company provides kids’ items, housewares, and home accessories, such as fashion bedding and tableware, stationery, and gifts.
Tapestry offers its products through retail and outlet stores, brand e-commerce sites, concession shop-in-shops, wholesale, and third-party distributors under the Coach, Kate Spade, and Stuart Weitzman brand names.
Wells Fargo has an overweight rating with a big $75 price target.
Vistra
Vistra is a Texas-based energy company focused on the competitive energy and power generation markets.
With data centers increasing the electricity demand, this stock has been a big winner and pays a 0.55% dividend. Vistra Corp. (NYSE: VST) and its subsidiaries operate as an integrated retail electricity and power generation company.
The company operates through six segments:
- Retail
- Texas
- East
- West
- Sunset
- Asset Closure
Vistra retails electricity and natural gas to residential, commercial, and industrial customers across the United States, including the District of Columbia. In addition, the company is involved in electricity generation, wholesale energy purchases and sales, commodity risk management, fuel production, and fuel logistics management activities.
It serves approximately 5 million customers and has a generation capacity of approximately 41,000 megawatts. Its portfolio includes natural gas, nuclear, coal, solar, and battery energy storage facilities.
Morgan Stanley has an Overweight rating and a $169 target for the shares.
