Tue, May 7, 2024 9:29 AM
Marico, Gujarat Gas, Hindalco and more: Tuesday's top brokerage calls
A Flip by Shubhangi Gupta
Income-oriented investors tend to like midstream master limited partnerships (MLPs) for their high yields and increasing distributions. However, it isn't often that an MLP raises its distribution by 50% or more.That's just what Western Midstream (NYSE: WES) did last month when it took its quarterly distribution from $0.575 per unit to $0.875. That's a 52% increase.
Open Flip
The last 15 months have been a fantastic time to own stocks. The last 15 years, if we're really being honest. In this most recent run, an artificial intelligence (AI) boom and soaring profits for technology companies have helped the stock market indexes break through to new highs multiple times in 2024.Investors also appear excited to once again place bets on money-losing start-ups.
Open Flip
Amazon (NASDAQ: AMZN) had a rough 2022 as rising inflation weighed on earnings, so last year the company revamped its cost structure to turn things around. And now this year, the market giant is showing investors they still can count on it for major growth. In the latest earnings report, sales increased in the double digits, and net income more than tripled.
Open Flip
