Wall Street's Most Accurate Analysts Weigh In On 3 Tech Stocks With Over 3% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their ratings on three high-yielding tech stocks: IBM, HP Inc., and Methode Electronics. These stocks offer dividend yields of over 3%, making them attractive during market turbulence. Recent analyst ratings and company news are highlighted for each stock.
July 02, 2024 | 11:32 am
News sentiment analysis
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NEGATIVE IMPACT
Methode Electronics has received a downgrade from Sidoti & Co. and a Market Perform rating from Barrington Research. The company recently named Jon DeGaynor as President and CEO.
The downgrade and neutral ratings suggest a cautious outlook for Methode Electronics. The new CEO appointment may not be enough to offset the negative sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
IBM has received mixed analyst ratings with a recent Underperform rating from Exane BNP Paribas and a Neutral rating from JP Morgan. The company also announced a strengthened cybersecurity collaboration with Microsoft.
The mixed analyst ratings suggest uncertainty about IBM's short-term performance. However, the cybersecurity collaboration with Microsoft could be a positive catalyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
HP Inc. has received positive analyst ratings with a Buy rating from Citigroup and an Equal-Weight rating from Barclays. The company recently appointed Karen Parkhill as CFO.
The positive analyst ratings and the appointment of a new CFO are likely to boost investor confidence in HP Inc.'s short-term performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100