Tags: jefferies | overlooked | stocks | buying | opportunities

Jefferies: 6 'Overlooked' Stocks Are Buying Opportunities

Jefferies: 6 'Overlooked' Stocks Are Buying Opportunities

By    |   Wednesday, 17 June 2020 09:13 AM

Jefferies Financial Group Inc. recently suggested to savvy investors a half-dozen buy-rated stocks that are “overlooked.”

CNBC said the firm additionally described such stocks as shares that have not participated in the recent rally that’s seen the S&P 500 soar from its March 23 low.

“We wanted to find stocks that investors shunned in both bad times and good times but our analysts like,” the firm said, according to CNBC. “We looked up and down the market cap for those stocks that lagged in the bear market and have not participated in the upturn ... and could be the next leaders,” the firm’s strategists said.

“Small caps and the cyclicals are still unloved and cheaper with better and broader growth coming in the back half of the year.”

Here are the six picks:

  1. Las Vegas Sands (LVS)
  2. Starbucks (SBUX)
  3. Live Nation (LYV)
  4. Hasbro (HAS)
  5. Mattel (MAT)
  6. Best Buy (BBY)

Jefferies strategists also have outlined what they view as the most resilient dividend-paying companies, as investors scramble to find safe sources of income during a global rout.

“Dividends are a theme for all seasons as high yield stocks have outperformed during both rising and falling U.S. bond yields, irrespective of market direction and across economic cycles,” analysts led by Desh Peramunetilleke wrote in a note to clients. The once-steady Global X SuperDividend U.S. exchange-traded fund (ticker DIV) is down a third since mid-February on fears of lower payouts, Bloomberg reported.

According to Jefferies, the safest bets for dividends are health-care, technology and consumer staples stocks, while financials, REITs and consumer discretionary companies are most at risk for dividend cuts or suspensions.

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Jefferies Financial Group Inc. recently suggested to savvy investors a half-dozen buy-rated stocks that are “overlooked,” and that have not participated in the recent rally that’s seen the S&P 500 soar from its March 23 low.
jefferies, overlooked, stocks, buying, opportunities
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2020-13-17
Wednesday, 17 June 2020 09:13 AM
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