I'm Buying The Dip On These 6-9% Yields

May 26, 2024 8:00 AM ET, , , 37 Comments
Gen Alpha
Investing Group

Summary

  • Buying quality companies at attractive valuations with post-inflation income may be a winning strategy.
  • Bristol Myers Squibb stock is trading below its value 10 years ago, with a 6% yield and a promising pipeline.
  • MPLX LP stock is also trading below its value 10 years ago, with an 8.5% yield and strong cash flows from energy assets.
  • Both stocks represent good opportunities on the recent dip in price.
  • Looking for a portfolio of ideas like this one? Members of Hoya Capital Income Builder get exclusive access to our subscriber-only portfolios. Learn More »
9 percentage sign isolated on white background. 9 percent off 3d. 9 percent sign. 3D rendering.

Vivek Vishwakarma

The average wage in America has gone up significantly over the past 5 years, with 7-8% annual growth in the past couple of years alone. For households that carry low debt loads and mortgages that were locked at low fixed interest

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Gen Alpha
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I am Gen Alpha. I have more than 14 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium- to long-term horizon.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of BMY, MPLX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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BMY--
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MPLX--
MPLX LP Common Units
EPD--
Enterprise Products Partners L.P. Common Units
KMI--
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