The stock market is currently retracting amid president Trump’s announcement last week that the US has yet to agree to halt tariffs on Chinese goods. Before Trump’s statement that initially sent stocks lower, optimism circulated throughout Wall Street on Friday as the US and China work to close out phase one of the trade deal.
Sentiment was also boosted last week by corporate earnings results that have generally beaten expectations. As equities look to continue their remarkable run but nothing has been set in stone regarding the trade war, dividend paying stocks may be a solid route to take as things progress.
Cracker Barrel opened up its first new restaurant called Holler & Dash Biscuit House, which is a biscuit-centric fast casual chain. The small seven-unit concept has been well received and was even recognized by Nation’s Restaurant News as a Hot Concept in 2018. Cracker Barrel pays out a quarterly dividend with a solid 3.18% yield and a beta ratio of 0.56 that can make it an anchoring asset to have if volatility plagues the equity market. Cracker Barrel sits at a Zacks Rank #2 (Buy).
Intel is currently trading at 12X its forward earnings, a discount relative to the industry average of 21X forward earnings. The stock’s current forward multiple gives investors a solid entry point into a company that has its sights set on the secular shift towards cloud computing. Intel CFO, Bob Swan, stated that the company expects to generate $85 billion in revenue and $6 per share in three to four years as the cloud computing market matures. Intel boasts a 2.17% dividend yield that has steadily increased over the past several years. Intel sits at a Zacks Rank #2 (Buy).
Innovative Industrial Properties passes along a 3.25% annual rental increase to its tenants, which bodes well for the company as it continues to grow. The company boasts a dividend with a hefty 3.91% yield that can bolster shareholder’s return for years to come. Despite the recent headwinds that have impacted the marijuana industry, IIPR is a sound bet to make as the medicinal marijuana market emerges from the regulatory constraints. IIPR sits at a Zacks Rank #1 (Strong Buy).
Click to get this free report Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report McDonald’s Corporation (MCD) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Innovative Industrial Properties, Inc. (IIPR) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research” data-reactid=”25″>Click to get this free report Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report McDonald’s Corporation (MCD) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Innovative Industrial Properties, Inc. (IIPR) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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