Latest news with #BarryBannister
Yahoo
21 hours ago
- Business
- Yahoo
Seeking Up to 11% Dividend Yield? Analysts Pick 2 Dividend Stocks to Buy
The stock markets hit a low in April, and have since shown a tremendous rebound – but can it last? That's the question investors are wrestling with now, and it seems they are getting some pointers from Barry Bannister, chief equity strategist at Stifel. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Bannister believes that the stock rebound – fueled by the AI boom, and the rush of capital spending as companies moved to get ahead of tariffs during the first half of the year – is simply not sustainable, noting that the S&P 500 is trading at a historically high valuation. 'Valuation doesn't matter until it does,' Bannister says, and adds that he can see the S&P 500 index falling as low as 5,500, for a drop of nearly 15%. Despite this downbeat outlook, Bannister is not recommending that investors get out of the market. He's recommending, instead, that investors make defensive moves to seek protection from a turndown. That outlook will naturally push investors' attention toward high-yield dividend stocks. These represent the classic defensive play, and for good reason. Dividends offer investors a steady income stream, and high-yield dividends guarantee a sound return well above the rate of inflation. Against this backdrop, we've opened up the TipRanks database to take a look at two dividend stocks that the analysts are picking out as Buys. These are dividend stocks offering yields as high as 11%, a solid return by any standard. Let's give them a closer look. Ellington Financial (EFC) The first stock we'll look at here, Ellington Financial, is a REIT, a real estate investment trust. These companies operate through strategic investments, mainly in real properties, mortgages, and mortgage-related assets, in both the residential and commercial spheres. Ellington's particular strategy involves building a diverse investment portfolio, made up of both residential and commercial mortgage loans, along with residential and commercial mortgage-backed securities, as well as other assets, including consumer loans, collateralized loan obligations, and various mortgage-related and non-mortgage-related securities and derivatives. Ellington's main goal in building this portfolio is to generate returns for its stockholders – in the company's words, 'attractive risk-adjusted total returns.' Ellington's strategy is opportunistic, targeting remunerative investments, but the company takes a defensive posture as well, investing across a wide range of sectors to capitalize on disparate strengths in its portfolio and making risk management a key part of its activities. As of June 30 this year, Ellington Financial had a total of $16.1 billion in assets under management. This portfolio is managed by an experienced team – the company's portfolio managers average 30 years of industry experience. These features of Ellington's business, its focus on shareholder returns and the long experience of its management team, have helped the company to cement a reputation as a high-quality dividend payer. The company's dividend features a high yield, as well as a monthly payment schedule. The last declaration, made on August 7 for a September 30 payment, was for 13 cents per common share. That dividend annualizes to $1.56 per share and gives a powerful forward yield of 11.5%. In its 2Q25 financial report, Ellington listed its quarterly adjusted distributable earnings as $45 million, or 47 cents per share. This was more than enough to fully cover the dividend, which currently comes to 39 cents per quarter. Covering this stock for Piper Sandler, following the Q2 print, analyst Crispin Love laid out a clear case for investors to go long on EFC: 'Ellington posted a beat this quarter with strength in both its credit and Longbridge strategies. In April around the market volatility, Ellington saw opportunities to deploy capital in its core credit strategies and also saw attractive opportunities in securities. Following the volatility, EFC was able to complete six securitizations in the quarter, which is a record for the company. The company also experienced success from its loan originator platforms, and we would not be surprised to see more partnerships and equity stakes over the intermediate term. Specifically, if there is GSE reform it could limit Fannie and Freddie's footprint and provide opportunities for Ellington to grow further in the non-QM space which is an area of expertise. Management was positive on the forward earnings trajectory and continued coverage of the $0.39 dividend.' These comments back up Love's Overweight (i.e., Buy) rating, and his $14.50 price target implies a gain of 5.5% in the next 12 months. But with the dividend yield included the upside can reach 17%. (To watch Love's track record, click here) There are 7 recent analyst reviews on record for Ellington, and the 5-to-2 split, favoring Buys over Holds, supports a Moderate Buy consensus rating. The Street's average target of $14.25 is the same as Love's. (See EFC stock forecast) Dorian LPG (LPG) Our world runs on energy, and the next company on our list here, Dorian LPG, is a leading carrier of that energy. Dorian is an owner/operator of very large gas carriers, VLGC vessels, which are the largest ocean-going carriers of liquefied petroleum gas, an important fuel in the world economy. The core of Dorian's business is its fleet of ships. The company maintains a modern fleet of VLGCs, with the oldest ship dating back to 2007. Most of the company's vessels were launched much more recently, in 2015, and the newest vessels in the fleet were launched in 2023. The vessels have an average age of 8 years, and their aggregate carrying capacity is some 2.1 million cubic meters of LPG. Dorian owns 21 of its ships, and operates the others on charter agreements. Most of the ships in Dorian's fleet are flagged in the Bahamas, although several are flagged in Liberia, Madeira, or Panama. The company is headquartered in Connecticut and has offices in Copenhagen and Athens. The international office footprint, and varying flags, are also common on the world's oceangoing cargo carriers. Dorian finished its last quarter, fiscal 1Q26 (June quarter), with just over $278 million in cash and liquid assets. The company pays an irregular dividend, meaning it has no obligation to pay out, or to maintain dividend payments at any level; while this poses risks for investors, it also allows the company to adjust the dividend to keep them affordable. That said, Dorian has been paying out dividends since 2021, and has not missed a quarterly payment in that time. The most recent dividend, declared on August 1 for payment on the 27th, set the rate at 60 cents per share. This dividend annualizes to $2.40 per common share, and gives a forward yield of 8%. On the financial side, Dorian generated $84.2 million in total revenues during its fiscal first quarter, a total that was down 26% year-over-year and fell shy of analyst expectations by $2.3 million. Additionally, adj. EPS of $0.27 missed the Street's forecast by $0.34. Despite the weak report, Jefferies analyst Omar Nokta remains bullish on the stock, writing: 'Dorian reported softer than expected fiscal 1Q26 results mainly due to higher G&A and higher drydocking costs, and also slightly lower than expected revenues… We view this earnings miss as a one-off… VLGC spot rates have strengthened materially and are at 2025 highs, setting up a very strong upcoming result next quarter and potentially a higher dividend… The company remains dedicated to returning capital to shareholders, and its shares trade at a discount to our NAV valuation of $33.80/sh… Dorian is our top pick in the LPG space, and we remain constructive on the name.' The 5-star analyst rates LPG shares as a Buy, and gives them a price target of $35, pointing toward a one-year gain of 16.5%. (To watch Nokta's track record, click here) There are only 2 recent analyst reviews on file for Dorian, but both are positive, giving the stock its Moderate Buy consensus rating. The shares are priced at $30.06, and the $33 average price target implies a 10% upside potential on the one-year horizon. (See LPG stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
2 days ago
- Business
- Economic Times
US stock market: US Stock Market on Monday, August 18: What to expect for S&P 500, Nasdaq, Dow Jones?
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads FAQs As US Stock Market eyes the trading week ahead with cautious optimism, Monday, August 18, looms as a pivotal day for capturing investor sentiment. Last Friday's pullback—marked by modest declines in the S&P 500 (‑0.29%) and Nasdaq (‑0.40%), offset by a slight gain in the Dow—reflects a market digesting soft consumer sentiment and semiconductor sector weakness. A contraction in chip stocks, led by a sharp drop in Applied Materials, and a decrease in the University of Michigan's consumer sentiment index to 58.6 signal wary consumer confidence amid inflation S&P 500—currently near its all-time highs, with a recent closing benchmark at approximately 6,450—stands at a crossroads. Strategists remain divided: while UBS and Deutsche Bank expect easing inflation and anticipated Fed rate cuts starting in September to reignite upside momentum, contrarian voices like Stifel's Barry Bannister warn of a possible 14 per cent pullback in the index before the end of 2025, potentially driving the S&P down to around 5,500. For August 18, markets will likely pivot on whether the recent retreat proves temporary or signals broader slowdown Jones, buoyed by strength in heavyweight names like UnitedHealth (which added notable points to the index last week), posted gains even as broader indices slipped. Meanwhile, the Nasdaq remains under scrutiny: AI-led enthusiasm continues to bolster mega-cap tech players, but investors are increasingly wary of stretched valuations. Morgan Stanley projects an 8 per cent rise in the S&P over the next year—assuming forward-looking factors like better earnings revisions and a weaker dollar optimism around AI-driven earnings persists, numerous clouds are gathering. Core inflation remains sticky, job creation has faltered, and geopolitical policy risk—particularly around tariffs and central bank independence—looms large. Analysts are suggesting defensive positioning: Bank of America flags small- and mid-cap stocks as pockets of value amid overvaluation in large caps, while strategic voices recommend diversifying with dividend payers, Treasuries, and quality value names to hedge near-term eyes are on Monday's open to determine if recent volatility is a bump in the road or the start of a meaningful correction. If inflation data and Fed commentary reinforce expectations for September rate cuts, the S&P 500 could push back toward new highs, potentially testing 6,500. Conversely, persistent softness could bolster bearish scenarios pointing to deeper pullbacks. For the Dow and Nasdaq, strength in defensive sectors or renewed tech buying could drive outperformance—especially if volatility abates. Overall, August 18 may serve as the litmus test for whether AI optimism or macro caution will dominate the next chapter in this enduring market narrative.A1. Top three indexes of US stock Market are S&P 500, Dow Jones, Nasdaq.A2. Two top stock markets are New York Stock Exchange, and Nasdaq.
Time of India
2 days ago
- Business
- Time of India
US Stock Market on Monday, August 18: What to expect for S&P 500, Nasdaq, Dow Jones?
As US Stock Market eyes the trading week ahead with cautious optimism, Monday, August 18, looms as a pivotal day for capturing investor sentiment. Last Friday's pullback—marked by modest declines in the S&P 500 (‑0.29%) and Nasdaq (‑0.40%), offset by a slight gain in the Dow—reflects a market digesting soft consumer sentiment and semiconductor sector weakness. A contraction in chip stocks, led by a sharp drop in Applied Materials, and a decrease in the University of Michigan's consumer sentiment index to 58.6 signal wary consumer confidence amid inflation concerns. S&P 500: Will the Rally Resume? The S&P 500—currently near its all-time highs, with a recent closing benchmark at approximately 6,450—stands at a crossroads. Strategists remain divided: while UBS and Deutsche Bank expect easing inflation and anticipated Fed rate cuts starting in September to reignite upside momentum, contrarian voices like Stifel's Barry Bannister warn of a possible 14 per cent pullback in the index before the end of 2025, potentially driving the S&P down to around 5,500. For August 18, markets will likely pivot on whether the recent retreat proves temporary or signals broader slowdown pressures. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo Dow Jones and Nasdaq: Tech Under Pressure, Yet Resilient Dow Jones, buoyed by strength in heavyweight names like UnitedHealth (which added notable points to the index last week), posted gains even as broader indices slipped. Meanwhile, the Nasdaq remains under scrutiny: AI-led enthusiasm continues to bolster mega-cap tech players, but investors are increasingly wary of stretched valuations. Morgan Stanley projects an 8 per cent rise in the S&P over the next year—assuming forward-looking factors like better earnings revisions and a weaker dollar persist. Live Events Macro Risks and Defensive Strategies While optimism around AI-driven earnings persists, numerous clouds are gathering. Core inflation remains sticky, job creation has faltered, and geopolitical policy risk—particularly around tariffs and central bank independence—looms large. Analysts are suggesting defensive positioning: Bank of America flags small- and mid-cap stocks as pockets of value amid overvaluation in large caps, while strategic voices recommend diversifying with dividend payers, Treasuries, and quality value names to hedge near-term volatility. What to Watch on August 18? All eyes are on Monday's open to determine if recent volatility is a bump in the road or the start of a meaningful correction. If inflation data and Fed commentary reinforce expectations for September rate cuts, the S&P 500 could push back toward new highs, potentially testing 6,500. Conversely, persistent softness could bolster bearish scenarios pointing to deeper pullbacks. For the Dow and Nasdaq, strength in defensive sectors or renewed tech buying could drive outperformance—especially if volatility abates. Overall, August 18 may serve as the litmus test for whether AI optimism or macro caution will dominate the next chapter in this enduring market narrative. FAQs Q1. What are top three indexes of US stock Market? A1. Top three indexes of US stock Market are S&P 500, Dow Jones, Nasdaq. Q2. What are two top stock markets in Wall Street? A2. Two top stock markets are New York Stock Exchange, and Nasdaq.
Business Insider
2 days ago
- Business
- Business Insider
Seeking Up to 11% Dividend Yield? Analysts Pick 2 Dividend Stocks to Buy
The stock markets hit a low in April, and have since shown a tremendous rebound – but can it last? That's the question investors are wrestling with now, and it seems they are getting some pointers from Barry Bannister, chief equity strategist at Stifel. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Bannister believes that the stock rebound – fueled by the AI boom, and the rush of capital spending as companies moved to get ahead of tariffs during the first half of the year – is simply not sustainable, noting that the S&P 500 is trading at a historically high valuation. 'Valuation doesn't matter until it does,' Bannister says, and adds that he can see the S&P 500 index falling as low as 5,500, for a drop of nearly 15%. Despite this downbeat outlook, Bannister is not recommending that investors get out of the market. He's recommending, instead, that investors make defensive moves to seek protection from a turndown. That outlook will naturally push investors' attention toward high-yield dividend stocks. These represent the classic defensive play, and for good reason. Dividends offer investors a steady income stream, and high-yield dividends guarantee a sound return well above the rate of inflation. Against this backdrop, we've opened up the TipRanks database to take a look at two dividend stocks that the analysts are picking out as Buys. These are dividend stocks offering yields as high as 11%, a solid return by any standard. Let's give them a closer look. Ellington Financial (EFC) The first stock we'll look at here, Ellington Financial, is a REIT, a real estate investment trust. These companies operate through strategic investments, mainly in real properties, mortgages, and mortgage-related assets, in both the residential and commercial spheres. Ellington's particular strategy involves building a diverse investment portfolio, made up of both residential and commercial mortgage loans, along with residential and commercial mortgage-backed securities, as well as other assets, including consumer loans, collateralized loan obligations, and various mortgage-related and non-mortgage-related securities and derivatives. Ellington's main goal in building this portfolio is to generate returns for its stockholders – in the company's words, 'attractive risk-adjusted total returns.' Ellington's strategy is opportunistic, targeting remunerative investments, but the company takes a defensive posture as well, investing across a wide range of sectors to capitalize on disparate strengths in its portfolio and making risk management a key part of its activities. As of June 30 this year, Ellington Financial had a total of $16.1 billion in assets under management. This portfolio is managed by an experienced team – the company's portfolio managers average 30 years of industry experience. These features of Ellington's business, its focus on shareholder returns and the long experience of its management team, have helped the company to cement a reputation as a high-quality dividend payer. The company's dividend features a high yield, as well as a monthly payment schedule. The last declaration, made on August 7 for a September 30 payment, was for 13 cents per common share. That dividend annualizes to $1.56 per share and gives a powerful forward yield of 11.5%. In its 2Q25 financial report, Ellington listed its quarterly adjusted distributable earnings as $45 million, or 47 cents per share. This was more than enough to fully cover the dividend, which currently comes to 39 cents per quarter. Covering this stock for Piper Sandler, following the Q2 print, analyst Crispin Love laid out a clear case for investors to go long on EFC: 'Ellington posted a beat this quarter with strength in both its credit and Longbridge strategies. In April around the market volatility, Ellington saw opportunities to deploy capital in its core credit strategies and also saw attractive opportunities in securities. Following the volatility, EFC was able to complete six securitizations in the quarter, which is a record for the company. The company also experienced success from its loan originator platforms, and we would not be surprised to see more partnerships and equity stakes over the intermediate term. Specifically, if there is GSE reform it could limit Fannie and Freddie's footprint and provide opportunities for Ellington to grow further in the non-QM space which is an area of expertise. Management was positive on the forward earnings trajectory and continued coverage of the $0.39 dividend.' These comments back up Love's Overweight (i.e., Buy) rating, and his $14.50 price target implies a gain of 5.5% in the next 12 months. But with the dividend yield included the upside can reach 17%. (To watch Love's track record, click here) There are 7 recent analyst reviews on record for Ellington, and the 5-to-2 split, favoring Buys over Holds, supports a Moderate Buy consensus rating. The Street's average target of $14.25 is the same as Love's. (See EFC stock forecast) LPG) Our world runs on energy, and the next company on our list here, Dorian LPG, is a leading carrier of that energy. Dorian is an owner/operator of very large gas carriers, VLGC vessels, which are the largest ocean-going carriers of liquefied petroleum gas, an important fuel in the world economy. The core of Dorian's business is its fleet of ships. The company maintains a modern fleet of VLGCs, with the oldest ship dating back to 2007. Most of the company's vessels were launched much more recently, in 2015, and the newest vessels in the fleet were launched in 2023. The vessels have an average age of 8 years, and their aggregate carrying capacity is some 2.1 million cubic meters of LPG. Dorian owns 21 of its ships, and operates the others on charter agreements. Most of the ships in Dorian's fleet are flagged in the Bahamas, although several are flagged in Liberia, Madeira, or Panama. The company is headquartered in Connecticut and has offices in Copenhagen and Athens. The international office footprint, and varying flags, are also common on the world's oceangoing cargo carriers. Dorian finished its last quarter, fiscal 1Q26 (June quarter), with just over $278 million in cash and liquid assets. The company pays an irregular dividend, meaning it has no obligation to pay out, or to maintain dividend payments at any level; while this poses risks for investors, it also allows the company to adjust the dividend to keep them affordable. That said, Dorian has been paying out dividends since 2021, and has not missed a quarterly payment in that time. The most recent dividend, declared on August 1 for payment on the 27th, set the rate at 60 cents per share. This dividend annualizes to $2.40 per common share, and gives a forward yield of 8%. On the financial side, Dorian generated $84.2 million in total revenues during its fiscal first quarter, a total that was down 26% year-over-year and fell shy of analyst expectations by $2.3 million. Additionally, adj. EPS of $0.27 missed the Street's forecast by $0.34. Despite the weak report, Jefferies analyst Omar Nokta remains bullish on the stock, writing: 'Dorian reported softer than expected fiscal 1Q26 results mainly due to higher G&A and higher drydocking costs, and also slightly lower than expected revenues… We view this earnings miss as a one-off… VLGC spot rates have strengthened materially and are at 2025 highs, setting up a very strong upcoming result next quarter and potentially a higher dividend… The company remains dedicated to returning capital to shareholders, and its shares trade at a discount to our NAV valuation of $33.80/sh… Dorian is our top pick in the LPG space, and we remain constructive on the name.' The 5-star analyst rates LPG shares as a Buy, and gives them a price target of $35, pointing toward a one-year gain of 16.5%. (To watch Nokta's track record, click here) There are only 2 recent analyst reviews on file for Dorian, but both are positive, giving the stock its Moderate Buy consensus rating. The shares are priced at $30.06, and the $33 average price target implies a 10% upside potential on the one-year horizon. (See LPG stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
5 days ago
- Business
- Yahoo
S&P 500's fresh record high: Why this bear expects a correction
The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are trading at record highs, but Stifel chief equity strategist Barry Bannister worries there's a correction on the horizon. Watch the video above to hear why. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime. Barry, when I have bulls on the show, you won't be surprised, they see it a bit differently. And I guess, Barry, broadly they'll say, listen, Josh, Q2 earning season, they'll say, it's broadly solid. They'll say, you know, Atlanta Fed GDP tracker, where are we here, Barry? 2.5. And they say, yes, the Fed's cutting. They add that up, Barry, they say, what's not to like. What's wrong with that narrative? Well, if you look at the core of GDP, and you know, you're gonna get a lot of distortions with what's going on in trade and inventories, net exports, and uh, and government, you know, I'm not so sure that the big beautiful bill was that stimulative, if you look at the $300 billion tariff, and you figure that the portion consumers have to absorb over time, not initially, but over time, is just gonna rise. Uh, it actually offsets some of the tax cut, uh, tax cut, the incremental cut, which was not that large versus what we had in the prior 2017 tax cut and jobs act. I think it's $600 billion over 10 years, $60 billion a year, we'll offset that with tariffs. Um, the part that goes to consumers. So, you know, bull market psychology is uh, is something I've seen off and on for many, many years. And uh, we're in that kind of psychology now. It usually breaks suddenly, it rarely breaks slowly. And uh, so we're seeing a number of risks in the back half, and I highlighted some of them, there's there's several more. Barry, let's put a number on it. So, if the SPX, S&P 500 is at 6466, where where do we head from here, Barry? Well, we're thinking it could uh, on a significant economic slowdown with the Fed pretty much battling with the White House, and I expect the last nine months or so of Powell's term are going to be uh, um, you know, increasingly an outright war. Um, then what I think will happen is, uh, we're looking at 5500 as a mid-teens correction for the S&P 500. Um, now, uh, you could uh, certainly see 5750, a fairly mild, 10% type correction. Uh, but that's uh, where our numbers are coming at. And we we look at it a lot of different ways, some complex ways, um, such as economic profits versus enterprise value to invested capital, which is actually very close to where it was in late 1999 before that bust. Uh, so there are a number of risks that a overly bulled up uh, market, particularly the investors, retail, especially, um, that they're not really cognizant of. I mean, if you think about the demographics of the market, all the people coming into it, you know, if it were that easy to go straight line and make money and quit your day job, then people would have done it a long time ago. Uh, it's a very difficult market. It's like uh, going down a mountain road with switchbacks and no guard rails. And so I just would caution people not to be overly bulled up if it's cash that you need within the next year. Related Videos S&P 500 closes at a new record, Dow rises more than 450 points S&P 500, Nasdaq close at fresh record highs Nasdaq closes 200 points higher, notches new record Markets Wait for Impact of US Deals With Nvidia, AMD Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
