8th Trade Alert and Idea for Mon Jun 10 2024

Jun 10, 2024 | Trade Alerts and Ideas

Trade Alert

This large cap blue chip stock has been dumped by investors for months. It has lost almost 30% of its value and the average analyst seems to have thrown in the towel on this stock. At present levels though I like it. The dividend is at 4.73% and the stock trades at 20 times earnings. Cash flow to earnings is down to 12.6 times. The only real concern will be if next earnings continues to show a reduction and that could jeopardize the dividend which is already sitting at 94% payout ratio.

Despite this, I like the stock at present levels and entered this short-term trade. The trade alert provides the details and further comments.

This trade alert and ideas article is for FullyInformed Members.

Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Nothing you read are recommendations. FullyInformed.com is for educational and entertainment purposes only. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. Some positions in mentioned stocks may already be held or are being adjusted. Read the full disclaimer.


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