2024-04-21 09:36:07 ET
Summary
- A list of high-quality dividend growth stocks trading near 52-week lows is evaluated based on Historical and Future Fair values.
- Apple appears to be near fair value, and trading near 52-week lows could be at a favorable entry point for long-term investment.
- The current risks facing Apple appear to be well managed, and the fundamental business is well positioned for continued growth.
- Bristol Myers Squibb and Cisco also appear to be attractive investment opportunities based on their historical and future fair values, as well as analyst estimates.
Introduction and Background
The market, as a whole, continues to appear to be overvalued, and it has been hard to find good opportunities to put my capital to work at valuations that I am comfortable with. I am not necessarily a deep value investor, but I also don't like to feel like I am drastically over-paying. Even though it has been more challenging, I have been finding some stocks that appear attractive. Maintaining a watch list of around 100 high-quality dividend growth stocks that I regularly value helps to identify opportunities when they do arise.
On top of regularly calculating fair values for my watchlist, one of my favorite ways to look for value in this high-quality dividend growth space is to screen for those stocks trading near 52-week lows. I decided to filter my watchlist by companies that are trading at less than 30% of their 52-week range (52-week low being 0% and 52-week high being 100%)....
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High-Quality Dividend Growth Near 52-Week Lows: Apple Is Attractive