If you were looking to partner with an excellent business, something like Nike (NYSE:NKE) would certainly fit that profile. For starters, you have a company that has grown earnings and dividends by ~15% per annum over the last decade and a half. (In turn, seeing very similar share price performance.) Beyond that, there’s exceptional brand quality – routinely making it one of the top brands in the world. And the balance sheet is in great shape, with $4.8 billion in cash and short-term investments against less than $2 billion in total long-term debt. All this coupled with still very solid growth prospects.
Of course, the problem is that everyone knows this. As such, shares routinely trade at an above average valuation. (Naturally, shares have traded much higher and lower, but it hasn’t been uncommon to see something in the 20 to 25 times earnings range.)
However, this valuation aspect has gotten a lot better in the last year or so. At the end of October 2015, shares were trading hands at a split-adjusted price of $65.50 or so. The company had just reported 12-month trailing earnings of $1.98 per share (on a split-adjusted basis) equating to a trailing earnings multiple of about 33 – high even for Nike’s standards.
Hot Dividend Stocks For 2018: Nam Tai Electronics Inc.(NTE)
- [By Roberto Pedone]
Another stock that’s starting to move within range of triggering a big breakout trade is Nam Tai Electronics (NTE), which is an electronics manufacturing and design services provider to a select group of the world’s leading OEMs of telecommunications and consumer electronic products. This stock has been destroyed by the sellers so far in 2013, with shares off sharply by 41%.
If you look at the chart for Nam Tai Electronics, you’ll notice that this stock has been uptrending for the last month and change, with shares moving higher from its low of $6.05 to its recent high of $8.38 a share. During that uptrend, shares of NTE have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of NTE within range of triggering a big breakout trade.
Traders should now look for long-biased trades in NTE if it manages to break out above some key near-term overhead resistance levels at $8.38 to $8.79 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 647,483 shares. If that breakout triggers soon, then NTE will set up to re-fill some of its previous gap down zone from April that started near $11.50 a share. If this stock gets into that gap with volume, then the upside is tremendous and we could easily see NTE hit $11 to $12 a share.
Traders can look to buy NTE off any weakness to anticipate that breakout and simply use a stop that sits right below its 50-day at $7.42 a share, or below more key support at $7.22 a share. One can also buy NTE off strength once it takes out that breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
Hot Dividend Stocks For 2018: Daiichi Sankyo Company, Limited (DSKYF)
- [By SEEKINGALPHA.COM]
According to Bob Radie (see transcript of January 9th teleconference), the company’s president and chief executive officer, a key consideration in the denial was the FDA’s granting, in November 2016, rival product MorphaBond three-year exclusivity for the intranasal route of abuse. Significantly, though, even though MorphaBond – developed by tiny, privately-owned Inspirion Delivery Technologies – was approved in October 2015, it is yet to be commercialized. An October 25, 2016, marketing agreement between Inspirion and Japan-based Daiichi Sankyo, Inc. (OTCPK:DSKYF) suggests MorphaBond could be launched in the near future, but it’s also important to note that the aforementioned exclusivity expires on October 2, 2018, at which point Egalet will be able to include the clinical data from its intranasal abuse potential study in its label.
Hot Dividend Stocks For 2018: Wabash National Corporation(WNC)
- [By Travis Hoium]
Shares of Wabash National Corporation (NYSE:WNC) jumped 10.1% in April, according to data provided by S&P Global Market Intelligence, after the company reported its first-quarter 2017 results.