Power Growth Investor Hotline – Friday, February 9, 2024

BROADRIDGE FINANCIAL SOLUTIONS INC., $198.98, is a buy. The company, symbol BR on New York, serves the investment industry in three main areas: investor communications, securities processing, and transaction clearing.

Broadridge is best known for processing and distributing proxies and regulatory filings for nearly every publicly traded U.S…. Read More

New businesses improve their prospects

In April 2020, RTX Corp. (formerly Raytheon Technologies Corp.) (New York symbol RTX) spun off Carrier and Otis as separate companies. So far, Carrier has soared over 290%, while Otis has gained an impressive 95%. We feel their recent acquisitions set them up for even… Read More

Look out for more possible spinoffs

In the past few years, many well-established conglomerates, such as General Electric and Danaher, have spun off some of their smaller businesses to help eliminate a “holding company discount.”
Honeywell did the same in October 2018, spinning off its building products business (called Resideo). Shareholders received… Read More

Thermo Fisher has a bright future

Thermo Fisher has a bright future

Recent FDA approvals of Thermo Fisher’s key products as well as promising acquisitions suggest plenty of revenue growth and share price appreciation is in store in years to come.

Meanwhile, the stock trades at 22.2 times the company’s 2024 earnings forecast which is relatively cheap compared… Read More

Royal Bank’s outlook remains bright

Royal Bank’s shares are down roughly 17% from their recent peak of $140 in February 2023. That’s mainly due to fears that higher interest rates will hurt new loan demand and lead to more writedowns of its current loans.
However, banking regulators have toughened lending standards… Read More