The S&P500 broke out to new high and encouraged traders that there could be more upside as the Trump stays the prime focus. Here are the 2017 Best Stocks to buy
25 January, AtoZForex – The S&P 500 closed at a new high of 2,280, after touching a new day high of 2,284. The Dow Jones Industrial Average rallied 112 points, 88 points away from the ‘’round numbers’’ 20,000. Nasdaq ended the session with a new closing high of 5,600.
2017 Best Stocks to buy
The market got a lift on Tuesday from Trump, who signed a batch of administrative orders after meeting with automobile industry CEOs. Trump signed orders evolving the Keystone XL and Dakota Access pipelines. Keystone owner TransCanada shares surged more than 3.5 percent, and Energy Transfer Partners stock also jumped higher. Materials surged 2.5 percent; financials also jumped 1.2 percent, and tech, industrials, and energy all surged about 1 percent.
Ari Wald, technical strategist at Oppenheimer on Tuesday said that
“Our take is that the longer-term bull market is continuing,” he said. “After spending six weeks consolidating sideways, which is often the case in a strong bull market, you see more time corrections than a correction through price.
EPS are better than expected, with growth up 6.7 percent, based on real reports and estimates. And those economic themes designate to active managers that 2017 may be the year the art of selecting best stocks can bring better earnings. According to my research and analysis, I had shortlisted four stocks which might boom in 2017.
Delta Air Lines (DAL)
The Dividend yield of the stock is 1.6%. But Delta’s earnings have soared 238% since the company started paying dividends in September 2013.
Hormel Foods (HRL)
The 17% increase in Hormel Foods quarterly dividend to $0.17, with the first installment going out in Feb 2017. The HRL’s currently yields 2.0%.
The Sherwin- Williams stock has a P/E of 22.9 and it’s well below its five-year average of 26.9.
Essex Property Trust (ESS)
Essex Property Trust is a real estate investment trust (REIT) with 243 residential buildings. The ESS is down about 5% year-to-date and trades at 19.7-times trailing-twelve-month funds from operations.
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