Investors are doubling down on cash-rich companies. CNBC Pro screened for stocks that could be best positioned for a rocky year.
Investors are preparing for a gloomy 2023 by doubling down on cash-rich companies . "We prefer companies generating cash rather than those that need capital to grow. Not only are rates likely to remain higher than they have been in recent past, but we are likely exiting an era of hyper-accommodative monetary policy," Bank of America said in a Jan. 16 note. The higher the free cash flow yield, the better a company's position to meet its debt obligations.
-listed Chesapeake Energy Corporation was the only energy stock to appear on the screen, with its free cash flow yield at nearly 14%. Analysts gave it a 53.7% upside, and the majority gave it a "buy" rating. The stock, like most energy firms, did well in the past year — already climbing around 40%. Last week the firm announced that it had agreed to sell part of its operations in south Texas for $1.43 billion in cash.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Noah Locke's career-high 29 lifts No. 22 Friars past DePaul 75-64Umjoja Gibson had 16 points and five assists for DePaul and Da'Sean Nelson added 13 points.
Weiterlesen »
Utah State rallies for 75-74 victory over San Jose StateLogan • Steven Ashworth scored 19 points, Max Shulga sealed the victory with a free throw with five seconds left and Utah State rallied to beat San Jose State 75-74 on Saturday night.
Weiterlesen »
How Hershel McGriff, Junie Donlavey Took NASCAR to 24 Hours of Le MansNASCAR 75: No. 45 in a series of 75 stories that helped define the first three quarters of a century of NASCAR.
Weiterlesen »
How Hershel McGriff, Junie Donlavey Took NASCAR to 24 Hours of Le MansNASCAR 75: No. 45 in a series of 75 stories that helped define the first three quarters of a century of NASCAR.
Weiterlesen »
Ross Chastain Pulls off Greatest Race Move in NASCAR HistoryNASCAR 75: No. 47 in a series of 75 stories that helped define the first three quarters of a century of NASCAR.
Weiterlesen »