SWMAY - Librarian Capital's Monthly Top Buys And Price Moves - October 2021
- Tobacco stocks fell after an ITC order on IQOS, and now offer mid-teens or better returns, though new U.S. tax proposals need to be watched.
- Cable stocks corrected after cuts in Q3 outlooks. Charter and Comcast are fine operationally, Altice USA is in a turnaround - all three are cheap.
- Verizon has a new Buy rating - it offers a mid-teens annualized return at undemanding expectations; P/E is 11x and Dividend Yield is 4.6%.
- Elevator stocks offer mid-teens returns after 10%+ corrections on fears about Chinese property; urbanization makes long-term growth certain.
- Other notable price falls in September include Buy-rated Facebook, Estée Lauder and Admiral, and Neutral-rated L'Oréal, Root and Metromile.
For further details see:
Librarian Capital's Monthly Top Buys And Price Moves - October 2021