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The 2 Most Popular Wall Street Stocks to Buy Right Now

The 2 Most Popular Wall Street Stocks to Buy Right Now

Posted On November 21, 2022 2:35 pm
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The optimism on Wall Street that marked the end of last week has all but gone on fading hopes that the Fed might ease its stance on inflation. While stocks responded positively to data suggesting cooling inflation and leading to hopes that the Fed would slow its pace of rate hikes, robust economic data have raised concerns that Fed will continue increasing rates for some time.

Fed officials have been prompt with their rebuttal to such suggestions, prompting fears that it might be long before interest hikes start easing.

Furthermore, a string of job cuts at various tech companies and earnings forecasts by many companies are symptoms of deep-rooted pain on main Street and signs that the going might get more challenging in the year ahead. However, amid this general bearishness in the broad market, a few companies have been best placed to execute their growth plans efficiently and consistently create value for their shareholders.

Fundamentally strong stocks Microsoft Corporation (MSFT) and AT&T Inc. (T) have become a haven for investors seeking impressive risk-adjusted returns over the long run.

Microsoft Corporation (MSFT)

Being one of the global technology behemoths, MSFT needs no introduction. The company operates through three segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing.

On November 16, MSFT and Lockheed Martin Corporation (LMT) announced a landmark expansion of their partnership to help power the next generation of technology for the Department of Defense (DOD).

The agreement would span four critical areas: Classified Cloud Innovations; Artificial Intelligence/Machine Learning (AI/ML), Modeling and Simulation Capabilities; 5G.MIL Programs; and Digital Transformations. Both companies expect to infuse immersive experiences and other advanced commercial technologies into the most capable defense systems.

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On November 14, MSFT announced the Microsoft Supply Chain Platform, which would help organizations maximize their supply chain data estate investment with an open approach. It would enable organizations to make the most of their existing investments to gain insights and act quickly.

Furthermore, MSFT declared a quarterly dividend of $0.68 per share in September, reflecting a 10% sequential increase. The dividend is payable on December 8, 2022. MSFT pays $2.72 annually as a dividend, representing a yield of 1.13% at the current price, better than the 4-year average dividend yield of 1.06%. The company raised its…

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