Morgan Stanley says these stocks could follow Meta and Alphabet in announcing a dividend

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Morgan Stanley says these stocks could follow Meta and Alphabet in announcing a dividend

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and Apple. Castagno noted that companies across market capitalization tend to outperform the market by 6.5% and 9.2%, respectively, within six months and a year following the announcement. Broken down by sector, consumer staples, energy and communication services stocks tend to outperform, while materials is the only sector that underperforms following a dividend initiation. To find some of the potential dividend-initiating candidates, Morgan Stanley looked for stocks with a market cap exceeding $35 billion, a strong net cash position and a free cash flow yield exceeding 3%. Here are some of the companies that made the list: Several popular technology and companies made the list, including

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and Palo Alto Networks . The stocks are up 5% and 0.3%, respectively this year. Expedia Group holds the most significant free cash flow yield of the group at 12.6%. Shares have slumped 26% this year and more than 16% in May, with the online travel company lowering its full-year guidance earlier this month due to a slowdown in Vrbo and the business-to-consumer acceleration rate. Newly public grocery delivery company Instacart also made the cut. Shares have surged nearly 58% this year and sit about 14% below their initial public offering opening price of $42 . The company marked one the first notable IPOs last year following a roughly two-year long technology offering drought. Lululemon Athletica , Airbnb and Regeneron also made the cut.

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Investment strategy,Stock markets,

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Holdings Inc,Palo Alto Networks Inc,Expedia Group Inc,Instacart (Maplebear Inc),Lululemon Athletica Inc,Airbnb Inc,Regeneron Pharmaceuticals Inc,Alphabet Inc,Meta Platforms Inc,business news
#Morgan #Stanley #stocks #follow #Meta #Alphabet #announcing #dividend

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