Wall Street's Most Accurate Analysts Say Hold These 3 Defensive Stocks With Over 3% Dividend Yields
Portfolio Pulse from Lisa Levin
The most accurate Wall Street analysts recommend holding three high-yielding stocks in the consumer staples sector: The J. M. Smucker Company (SJM), The Clorox Company (CLX), and Ingredion Incorporated (INGR). These stocks have dividend yields of 3.02%, 3.08%, and 3.13% respectively. Recent news for these companies include a sales decline for SJM, better-than-expected results for CLX, and worse-than-expected earnings for INGR.
September 08, 2023 | 1:12 pm
News sentiment analysis
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NEGATIVE IMPACT
Ingredion reported worse-than-expected Q2 earnings. Analysts maintain a 'Market Perform' rating.
The worse-than-expected earnings could negatively impact the stock price in the short term. The 'Market Perform' rating suggests analysts believe the stock will perform similarly to the overall market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
J. M. Smucker Company reported a sales decline of 4% YoY, missing analyst consensus. Despite this, analysts maintain a 'Hold' rating.
The sales decline could negatively impact the stock price, but the 'Hold' rating from top analysts suggests they believe the stock will remain stable in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Clorox Company reported better-than-expected Q4 results and issued FY24 EPS guidance. Analysts maintain a 'Neutral' rating.
The better-than-expected results and positive EPS guidance could boost the stock price in the short term. The 'Neutral' rating suggests analysts believe the stock will perform in line with the market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100