Thu, Sep 14, 2023 11:22 AM
Samhi Hotels IPO opens today: 10 things to know before subscribing
A Flip by Bhavya Sabharwal
Altria Group (NYSE: MO) is an incredible stock. Since 1990, shares have delivered a total return of 124,000%. The S&P 500, for comparison, delivered a total return of just 2,900% over that time period. There's just one problem: Altria stock has lagged the market by nearly 25% this year. That's a problem for previous investors, but not for those looking to get into the stock today.
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An analyst at Mizuho recently welcomed Devon Energy's (NYSE: DVN) first-quarter earnings report by raising the stock's price target from $53 to $57 and maintaining a "buy" rating. Here's why the outlook appears positive for this oil and gas producer. The bulk of Devon's production comes from the Delaware Basin in southeast New Mexico and west Texas.
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A fallen angel stock is a share of a company that is generally considered well run but that, for some reason, has experienced a material stock price decline. That's the fishing pond I like to be in since such stocks often offer historically high yields. But there's a drawback to buying fallen angels. You generally have to suffer through middling stock performance until company gets its wings back.
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