General Motors (GM)
US automakers have been in news of late. Yesterday, president Trump met with CEOs of the big three automakers. He promised to ease regulations and cut taxes, of course provided they manufacture in the US.
Earlier, GM had revealed they will invest an extra $1 billion in their US manufacturing operations and add about 5,000 salaried jobs over the next few years.
Recently they provided guidance for 2017 earnings. After record sales in 2016, they expect sales and earnings growth to continue this year. They also announced $5 billion in stock repurchases.
Analysts have raised their estimates for next year after strong guidance.
The stock has a very juicy dividend yield of 4.11%, Zacks Rank #2 (Buy) and a VGM Score of A.
B&G Foods (BGS)
BGS is a food products company with a huge portfolio of well-known brands. They manufacture and market processed and packaged foods across the US and Canada.
The company continues to grow organically and through acquisitions. In the past 20 years, they have acquired more than 40 brands.
In late 2015 they completed the acquisition of Green Giant, which boosted sales and earnings in 2016.
After better than expected results and revised guidance, analysts have raised estimates for the company.
The stock has a very juicy dividend yield of 4.14% as of now. In November last year, they increased the dividend rate by 10.7%. This was the 49th consecutive quarterly dividend declared since their IPO in October 2004.
The stock has Zacks Rank #2 and VGM Score of B.
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