With the S&P 500 valued at 24.05x its trailing 12-month earnings and 22.27x the 12-month forward estimate, it's not easy to find bargain blue-chip stocks. Especially, when you consider that its trailing 12-month P/E ratio a year ago was 19.61x, 18% cheaper than it is today.
With all the artificial intelligence-related (AI) fervor, several tech stocks were offloaded by both retail and institutional investors. These oversold tech stocks then became somewhat overlooked by the majority of media outlets due to their lack of exciting progress toward an AI-centric goal.
The Internet of Things (IoT), while technically made up of physical devices, is a somewhat abstract concept. If the term had been coined today, people would probably just call it artificial intelligence (AI) for gadgets.
In the most recent trading session, Cisco Systems (CSCO) closed at $47.45, indicating a +1.26% shift from the previous trading day.
Markets hit new highs with Nasdaq up 0.08% and S&P 500 up 0.68%. Dividend Harvesting Portfolio adds $89.68 in profitability, projecting future growth. Portfolio generates $1,540.02 in forward dividend income, focusing on diversification and income growth.
Cisco is "very optimistic" about its growing business with Chinese electric car companies as they expand overseas, Cisco's Greater China head Ming Wong told CNBC. Chinese electric car companies have ramped up their global expansion in the last year as competition domestically has intensified.
For many retail investors, it comes down to either buying index funds, mutual funds or exchange-traded funds. Beyond that, the individual investors who go looking for the best stocks to buy come across the stocks that get the most analytical attention.
Dividend investing is an attractive strategy for consistent income. And could reward investors with multiple dividend checks over a month span if structured properly. As a retiree who gets paid once on a monthly basis, dividend investing has allowed me to structure my payments, helping grow my dividend snowball at a faster pace. Verizon, Kenvue, and Cisco Systems offer well-covered dividends and potential upside for income-focused investors with a longer-term investment horizon.
Tech stocks are primarily known for their upside potential. But wouldn't they be all the more exciting if they came up with a lucrative dividend yield as well?
CSCO's fall from grace has been difficult to watch, but the company has increased profitability, implemented a strong dividend growth program, and is buying back billions in stock. Despite declining shares, CSCO is positioned to benefit from AI spending and has an attractive valuation, making it a potential long-term investment opportunity. CSCO's balance sheet, revenue diversification, and potential growth in the AI industry make it an exciting investment opportunity with strong dividend growth and buyback programs.
Cisco (CSCO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.