5 Stocks to Spice Up Your Portfolio for the Year Ahead
In the last article, we delved into 5 stocks poised for success in 2024. Today, we shift our focus to the remaining stocks.
To analyze insightful data, we will harness the power of the InvestingPro tool.
Chevron (NYSE:CVX) is one of the world's largest energy companies.
Its shares fell in 2023 because 2 of its largest oilfields suffered production shortfalls, and investors found the deal whereby Chevron paid $60 billion to buy Hess (NYSE:HES) expensive.
Its stock is cheap and trades at 10.8 times projected 2024 earnings. In addition, it intends to repurchase $20 billion in shares annually.
Thus, it trades at a 15% discount to its average cash flow multiple and should have a total return (dividends + buybacks) of around +12% after the Hess deal closes.
Its dividend yield is +4.04%.
Source: InvestingPro
On February 2, it presents its accounts for the quarter. Looking ahead to 2024 the forecast is for earnings per share (EPS) to grow by +4.9%.
Source: InvestingPro
It has 25 ratings, of which 19 are buy, 6 are hold and none are sell.
The market sees potential at $178.53, while InvestingPro models see it at $171.47.
Source: InvestingPro
Alibaba (NYSE:BABA) is one of the cheapest tech companies in the world. Its U.S.-listed shares trade at just eight times projected earnings in its current fiscal year ending in March.
Adding its e-commerce unit in China, its logistics and cloud computing businesses, and a stake in Ant Financial, the sum of the company's parts amounts to about $130 per share, nearly double the current share price.
Its dividend yield is +1.34%.
Source: InvestingPro
On January 31, we will know its accounts and earnings per share (EPS) are expected to increase by +6.34% and by 2024 by +14.5%, and revenue by
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