New York Community Bancorp
This somewhat off-the-radar company pays a huge dividend and is an attractive idea for investors also looking to own financials now. New York Community Bancorp Inc. (NYSE: NYCB) operates as the bank holding company for New York Community Bank, which provides banking products and services in New York, New Jersey, Ohio, Florida and Arizona.
The company accepts various deposit products, such as interest-bearing checking and money market, savings, non-interest-bearing and individual retirement accounts, as well as certificates of deposit. Its loan products include multifamily loans; commercial real estate loans; specialty finance loans and leases; and commercial and industrial loans; acquisition, development and construction loans; one-to-four family loans; and consumer loans.
The company also offers annuities, life and long-term care insurance products and mutual funds; cash management products; and online, mobile and phone banking services. It primarily serves individuals, small and midsize businesses, and professional associations through a network of 237 community bank branches and 340 ATM locations.
New York Community Bancorp stock investors receive a 7.20% dividend. Piper Sandler’s $11 price target compares with the $10.07 consensus target and a share price of $9.45 seen on Friday.
Oatly
After an initial public offering in 2021, this stock was hammered and now looks like a solid idea for aggressive investors. Oatly Group AB (NASDAQ: OTLY) provides a range of plant-based dairy products made from oats in Sweden.
It offers Barista edition oatmilk, oatgurts and frozen desserts and novelties. It has ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oatmilk in original and chocolate flavors, as well as cooking products, including cooking creams, creme fraiche products, whipping creams, vanilla custards and spreads in a variety of flavors.
Mizuho upgraded Oatly stock this week and raised its $2.50 target price to $6. The consensus target is $3.98. The shares traded on Friday at $2.50.
SoFi Technologies
This company took the SPAC route for its IPO and remains a millennial trader favorite. SoFi Technologies, Inc. (NASDAQ: SOFI) provides digital financial services that allow its members to borrow, save, spend, invest and protect their money. The company offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.
SoFi also provides cash management, investment and other related services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions, and Apex, a technology-enabled platform that provides investment custody and clearing brokerage services.
The $8 BofA Securities price target is greater than the $7.33 consensus target. SoFi Technologies stock traded at $5.55 on Friday.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity.
Originally published at 24/7 Wall St.
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