Wall Street ended the previous week with losses as major companies saw declines during the holiday period.
Never mind. We dug 7 out of the top 10 gainers in 2024: high dividend yields, low volatility, strong resilience, and hopefully growth potential.
Stay tuned and supercharge purchasing power with CashBoost!
Market recap
Last Friday, the $.SPX(.SPX)$ fell 1.1% while the $NASDAQ 100(NDX)$ gave back 1.4% and Russell 2000 slid 1.6%.
- Megacaps:
Major tech stocks saw declines, with $Tesla Motors(TSLA)$ dropping around 5% and $NVIDIA(NVDA)$ falling over 2%. $Netflix(NFLX)$ was down nearly 2% due to mixed reviews for its hot new series Squid Game Season 2.
- Movers:
Small-cap drone concept stocks experienced significant speculative trading. SES AI surged over 68%, while Palladyne AI ( $PALLADYNE AI CORP(PDYN)$ ) climbed more than 61%.
- Asia Outlook:
In HK markets, on December 28, Xiaomi announced that the annual deliveries of its SU7 had surpassed 130,000 units, achieving its yearly target ahead of schedule. Driven by stronger-than-expected performance in its electric vehicle segment, the company's stock price has hit record highs multiple times in the second half of the year. Meanwhile, in China's A-share market, the semiconductor sector was active, with Cambrian rising over 4%.
As the New Year holiday approaches, trading hours are shortened, and market activity is expected to remain subdued. From the perspective of Goldman Sachs, AI will continue to be centered as a key investment theme for the coming year, highlighting 10 major investment opportunities for 2025, with seven of them related to AI.
Dividend Play 2024
The $Solidion Technology Inc.(STI)$ Index serves as a key barometer for the Singapore market, delivering an impressive year-to-date gain of 16.7% and offering strong returns for investors. This month, the STI once reached a 17-year high, driven by decent dividend yields as a practical defense strategy and by the outstanding performance of large local banks in the high-rate cycle.
In 2024, component stocks such as $YZJ Shipbldg SGD(BS6.SI)$ , $DBS Group Holdings(D05.SI)$ , and $HongkongLand USD(H78.SI)$ are leading the charge in driving the STI Index’s performance.
Among the top 10 gainers, 7 were previously featured as Dividend Picks selections.
Top Gainers
SGX Top 10 Gainers 2024 (As at 30 Dec 2024 12:00 PM)
Code | Stock Name | YTD Change | 60-Day Change | Dividend Yield (TTM) | Our Picks |
BS6 | YZJ Shipbldg | +113.47% | +19.43% | 2.20% | No |
D05 | DBS | +52.54% | +17.10% | 4.59% | Yes |
H78 | HongkongLand | +37.49% | +15.80% | 4.92% | Yes |
O39 | OCBC Bank | +35.93% | +11.39% | 5.17% | Yes |
U11 | UOB | +35.06% | +14.41% | 4.69% | Yes |
S58 | SATS | +34.24% | -3.05% | 0.41% | No |
Z74 | Singtel | +32.89% | -0.37% | 3.60% | Yes |
S68 | SGX | +31.88% | +9.91% | 2.71% | No |
S63 | ST Engineering | +23.27% | +0.02% | 3.46% | Yes |
Y92 | ThaiBev | +9.55% | +4.76% | 4.36% | Yes |
In the very first episode of Dividend Picks, we introduced $DBS Group Holdings(D05.SI)$ , $ocbc bank(O39.SI)$, and $UOB(U11.SI)$ :
💰Weekly Dividend Spotlight: $DBS Group Holdings(D05.SI)$ , $ocbc bank(O39.SI)$ , and $UOB(U11.SI)$ - SGX's Top Banks
Investing in high-dividend stocks is an effective strategy to cope with market pullbacks and volatility.
$DBS Group Holdings(D05.SI)$ , $ocbc bank(O39.SI)$ and $UOB(U11.SI)$ are important constituents of the $STI.SI(STI.SI)$ , with a ballast stone status. These three banks hold a pivotal position in the Singaporean financial sector.
The following weeks, we presented in the spotlight $ThaiBev(Y92.SI)$ , $HongkongLand USD(H78.SI)$ :
💰3 Consumer Stocks to Embrace S'pore Everyday Life: $Wilmar Intl(F34.SI)$ , $ThaiBev(Y92.SI)$ & $Sheng Siong(OV8.SI)$
💰3 Real Estate Dividend Picks to Exercise Barbell Strategy: $CapitaLandInvest(9CI.SI)$ , $HongkongLand USD(H78.SI)$ , $Frasers Property(TQ5.SI)$
Consumer sector companies generally enjoy stable cash flow due to the high turnover of their products and services. This stability enables firms to better navigate market changes and risks while providing shareholders with consistent dividend.
In today’s complex and ever-changing investment environment, high-dividend stock strategies have become a focal point for many investors. Turning attention to commercial real estate companies can offer numerous significant benefits.
Over the past weeks, we gave the thumbs up to $ST Engineering(S63.SI)$ , $Singtel(Z74.SI)$ :
💰Weekly Dividend Play: $SIA(C6L.SI)$ , $SIA Engineering(S59.SI)$ , $ST Engineering(S63.SI)$ Airline Stocks on the Rise
💰Dividend Picks | $Singtel(Z74.SI)$ , $StarHub(CC3.SI)$ & $Pacific Century(P15.SI)$ are Key Players in SGX Telecom Sector
The 1987 film Wall Street, a classic business drama from 37 years ago, is considered a must-watch for students at Harvard Business School. In Wall Street , the most pivotal storyline revolves around the takeover battle for Blue Star Airlines; in reality, airline stocks are also gaining significant attention from the market.
Singapore's telecommunications companies benefit from a stable revenue base derived from subscriptions to mobile, broadband, and other essential communication services. This consistent income stream ensures financial stability, making these stocks less susceptible to market fluctuations.
Going into 2025, Dividend Picks will thrive to dig for more promising investment opportunities, focusing on high dividend yields, low volatility, strong resilience, and hopefully growth potential.
Stay tuned and faithful for more updates!
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