With only a few trading sessions remaining in 2021, it looks like the S&P 500 will outperform the tech-rich Nasdaq. As Apple moves closer to a market cap of $ 3 trillion and stocks of searing chips like Nvidia appear to be rising every day, what is the best strategy for growth investors for 2022? With many pundits on Wall Street just waiting for single-digit gains in 2022, an answer may surprise investors now.
With median price-earnings multiples near the highest levels since the crash of 1999 and 2000, it may make sense to assess some of the old-school tech stocks, especially those that pay a reliable dividend. We sifted through our 24/7 Wall St. research database for value and dividends and found five stocks, all rated Buy in Big Wall Street Companies, that look like solid ideas in 2022.
It is important to remember that no analyst report should be used as the sole basis for any buy or sell decision.
More conservative investors may want to consider this mega-cap tech leader. Cisco Systems Inc. (NASDAQ: CSCO) designs, manufactures, and sells Internet Protocol (IP) -based networking products and services related to the communications and information technology industry around the world.
It provides switching products, including fixed and modular configuration switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points and servers, as well as next-generation network routing products that interconnect public and private wireline lines and mobile networks for mobile, data, voice and video applications.
Cisco cybersecurity products provide customers with the scope, scale, and capabilities to deal with the complexity and volume of threats. Putting security above all else helps companies innovate while keeping their assets safe.
Shareholders receive a dividend of 2.31%. Credit Suisse has a target price of $ 73 on Cisco Systems stock and the consensus target is $ 62.63. The shares closed at $ 63.96 on Wednesday.
This blue chip giant still offers investors an incredibly solid entry point. International Business Machines Corp. (NYSE: IBM) is a leading provider of business solutions, offering a broad portfolio of computer hardware, business and IT services, as well as a comprehensive suite of software solutions. The company integrates its hardware products with its software and service offerings to provide high value-added solutions.
Analysts have cited the company’s potential in the public cloud as a reason for a positive outlook for the future, and the cloud has proven to be important in previous earnings reports.
IBM stock investors receive a 4.92% dividend. The Jefferies price target of $ 172 compares to a consensus target of $ 145.17 and Wednesday’s closing impression of $ 133.35.
This historic semiconductor leader has continued to work hard to focus more on the Internet of Things and data center cloud spending. Intel Corp. (NASDAQ: INTC) designs, manufactures and sells integrated digital technology platforms around the world.