Recently, the risk-free crowd has been pushing the market higher after strong third quarter results. Despite the gains, many investors are increasingly worried about an upcoming sell-off. Considering the massive move from the market lows of March 2020 and the fact that we’ve just had a 5% drop for the first time in almost a year, many feel it’s time to move to safer stocks that still have growth. potential in the future, but also pay a solid and reliable dividend.
Despite some criticism of higher interest rates, they remain near generational lows overall. The Federal Reserve is unlikely to start raising rates for another year or maybe more.
We decided to sift through the Goldman Sachs European Conviction List, which is a collection of the best stock ideas from across the company’s pond, looking for stocks that were paying solid and reliable dividends above the return on the market. S&P 500 of 1.31%. We found five that now look like great total return ideas. They are all well positioned for the remainder of 2021 and beyond, and most importantly, they trade on the US stock exchanges. We took the Goldman Sachs price target in local currencies and converted it to US dollars if no national price target was quoted.
It is important to remember that no individual research report should be used as the basis for a buy or sell decision.
Based in Switzerland, it’s an ideal stock for more conservative investors. ABB Ltd. (NYSE: ABB) manufactures and sells electrification, industrial automation, robotics and motion products for utility, industrial, transportation and infrastructure customers around the world.
Its Electrification segment provides electric vehicle charging infrastructure, renewable energy solutions, modular substation assemblies, distribution automation products, distribution boards and panels, switchgear, UPS solutions, circuit breakers, metering and sensing devices, control products, wiring accessories, enclosures and wiring systems and smart home and building solutions for the integration and automation of lighting, heating, ventilation, security and data communications networks.
The Company’s Discrete Robotics and Automation segment provides industrial robots, software, robotic solutions and systems, field services, spare parts and digital services. This segment also offers solutions based on its programmable logic controllers, industrial PCs, servomotors, transport systems and industrial vision.
The Industrial Automation segment develops and sells integrated and industry-specific automation and electrification systems and solutions, as well as digital solutions, lifecycle services and artificial intelligence applications for the industries of process and hybrids. This segment also offers process and discrete control technologies, advanced process control software and manufacturing execution systems, detection, measurement, analysis systems, electric vessel propulsion systems and large turbochargers, as well as remote monitoring, preventive maintenance, asset performance management and cybersecurity services.
Shareholders receive a return of 1.93%. Goldman Sachs’ price target for ABB shares in Swiss francs is $ 52.14 in US dollars. The Wall Street consensus target is much lower at $ 38.16, and shares closed at $ 35.04 on Wednesday.
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