The top two smart wallet stocks you need to know
After weeks of turbulence, the indices moved decisively yesterday after the US Federal Reserve raised the benchmark interest rate by half a percent. Consequently, the S&P 500 rose 2.99% and the Nasdaq jumped 3.19%.
Yet the Nasdaq is down about 18% so far in 2022. These stomach-churning gyrations mean sleepless nights for investors.
This is where the TipRanks Smart Portfolio tool comes to the rescue. The tool takes into account a number of factors, such as age, income level and risk profile, to help investors make smarter choices.
Additionally, investors can use this tool to see how their portfolios are performing against top performing portfolios and gain valuable insights. Let’s take a look at the most held stocks in the services and industrials sectors by the top performing portfolios on TipRanks.
waltz disney (SAY)
Walt Disney represents 1.55% of the best performing portfolios on Tipranks.
Disney is a global name that caters to all age groups with a plethora of entertainment choices ranging from theme parks, movies, TV content, streaming platforms and major production houses such as Lucasfilm, Marvel, Pixar and Twentieth-century Fox.
While revenue declined to $67.4 billion in 2021 from $69.6 billion in 2019, that figure is expected to climb to $94.26 billion in 2023. Additionally, the company’s earnings per share are expected to from $2.33 in 2021 to $5.63 in 2023.
Nonetheless, shares are down 25.9% so far in 2022 as the market adjusts to jitters in streaming after Netflix lost subscribers and Disney lost its ‘special district status’ in Florida. .
All eyes will be on May 11, when Disney is expected to release second quarter numbers. The Street expects earnings per share of $1.06 on revenue of $18.36 billion. In the same period a year ago, Disney posted earnings per share of $0.79 versus estimates of $0.27.
Wells Fargo analyst Steven Cahall reiterated a buy rating on the stock alongside a price target of $182. Overall, the street has a strong buy consensus rating on the stock based on 16 buys and five holds. At the time of writing, Disney’s average price target is $184.95, implying 59.2% upside potential from current levels.
Energy transfer (HEY)
The second name on our list, Energy Transfer, represents 1.83% of the top performing portfolios on TipRanks.
This energy services provider owns and operates a well-diversified portfolio of energy assets in North America. Core businesses include complementary midstream, intrastate and interstate natural gas transportation and storage assets as well as NGL fractionation.
Yesterday, ET released robust numbers for the first quarter. Revenue rose 55.6% to $5.4 billion, beating estimates of $903 million. Earnings per share of $2.32 beat the consensus of $1.44.
Notably, during the quarter, Energy Transfer began construction of the new Gray Wolf 200 MMcf (one million cubic feet) per day high-recovery cryogenic plant and the 1.65 Bcf (one billion cubic feet) Gulf Run pipeline project. cubic feet) per day.
In addition, no segment contributes more than 25% of Energy Transfer’s consolidated adjusted earnings before interest, taxes, depreciation and amortization (EBITDA). Much of its segment’s margins are fee-based, which means energy transfer is less sensitive to fluctuations in commodity prices.
Additionally, annual revenue is expected to grow from $67.4 billion in 2021 to $76.9 billion in 2023.
Morgan Stanley analyst Robert Kad reiterated a buy rating on the stock while raising the price target to $15 from $12.
Overall, the street has a strong buy consensus rating on the stock based on nine unanimous buys. At the time of writing, the average price target for Power Transfer was $14.44, implying a potential upside of 19.5%. This is on top of the 38.7% gain in the share price so far in 2022.
Both Disney and Energy Transfer offer a well-diversified portfolio of cutting-edge assets in their respective industries. Moreover, in the current difficult macroeconomic environment for the markets, both stocks are rightfully among the market-beating smart portfolios on TipRanks.
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