Devon Energy (DVN) raised their quarterly dividend to $1.55 from %1.27 per share. The Chevron (CVX) stock price is up 35% in 2022. Will energy stocks continue to outperform crude oil? “Investors saw a massive selloff of energy stocks after the June 16th highs. Investing in energy is not so much a play on oil, but a play on cash flow,” says Kevin Simpson.
PepsiCo (PEP) earnings report indicated $1.86 in EPS and $20.23B in revenue, beating the estimates. PEP stock price is relatively unchanged year-to-date. “With supply chain problems, inflationary environment, and potential for a recession, PepsiCo managed to grow organically. The company looked for cost cutting measures to improve their bottom line,” says Kevin Simpson. Next, Tom White discusses a bullish call vertical example trade on General Mills (GIS) and a neutral to bullish covered call example trade on PepsiCo (PEP).
“Valuations are getting attractive now and it’s okay to buy stocks here. The UPS stock price is cheap and offered a dividend increase. Dow Inc. (DOW) stock is getting sold on commodity pressures. Also, Marathon Petroleum (MPC) has a dividend yield of 2.8%,” says Josh Smith. Next, Tom White discusses example neutral to bullish option trades on MPC and UPS.
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