In addition, Prudential Financial develops and distributes individual variable and fixed annuity products, principally to the mass affluent and affluent markets, and individual variable, term and universal life insurance products to the mass middle, mass affluent and affluent markets in the United States. Further, it provides third-party life, health, Medicare, property and casualty, and term life products to retail shoppers through its digital and independent agent channels. The company offers its products and services to individual and institutional customers through its proprietary and third-party distribution networks.
The dividend yield here is 5.27%. Raymond James recently initiated coverage on Prudential Financial stock with a Strong Buy rating. Its $115 price target compares with a $102.20 consensus target and a recent share price of $90.10.
Vale
This very solid commodity play is one of the best ideas during a recession. Vale S.A. (NYSE: VALE) produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally.
The company operates through Ferrous Minerals and Base Metals segments. The former segment produces and extracts iron ore and pellets, manganese, ferroalloys and other ferrous products, as well as providing related logistic services. The latter segment produces and extracts nickel and its by-products, such as gold, silver, cobalt, precious metals and others, as well as copper.
Last week, the company confirmed it has hired advisors to assess “long term value-unlocking alternatives,” after the Financial Times reported the company was looking to sell a stake in its metals business. Vale added in a securities filing, however, that no decision has been reached yet on any potential transaction. Financial Times also reported that Vale was in talks to sell a $2.5 billion minority stake in its metals business, citing people familiar with the matter.
Shareholders receive a 9.79% dividend. Vale stock has a $16 target price at Royal Bank of Canada. The consensus target is $17.40, and on Tuesday shares traded at $13.90 apiece.
Seven top companies that for a variety of reasons are trading incredibly cheap and offering investors very timely entry points. With that noted, it still may be very prudent to just start with buying partial positions as the market still has a plethora of issues to deal with, not the least of which is the ongoing inflation burden and a continued rise in interest rates.
Originally posted at 24/7 Wall St.
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