Two Utility Stocks Poised for Significant Gains in Q3
Oversold Stocks in Utilities Sector: The utilities sector has several oversold stocks, presenting potential buying opportunities for undervalued companies, particularly those with an RSI below 30.
UGI Corp Performance: UGI Corp's stock has fallen approximately 7% over the past month, with an RSI of 29.7, following weaker-than-expected third-quarter sales.
Algonquin Power & Utilities Corp Update: Algonquin Power's stock also dropped around 7% recently, with an RSI of 16.5, despite reporting in-line quarterly earnings and a positive outlook for future growth.
Market Insights: Benzinga Pro's charting tool has been instrumental in identifying trends in these stocks, highlighting their current market positions and potential for recovery.
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NETSTREIT Corp. Receives BBB- Rating from Fitch, Reflecting Strong Operational Performance
- Rating Upgrade: Fitch has assigned NETSTREIT a BBB- issuer rating, reflecting the company's strong operational performance with over 99% occupancy during the pandemic, which enhances investor confidence and validates its solid property portfolio.
- Financial Flexibility: This rating allows NETSTREIT to achieve substantial interest expense savings across its revolving credit and term loan facilities, not only improving the company's financial flexibility but also providing a more efficient pathway for accessing capital markets in the future.
- Management Team Strength: Led by seasoned commercial real estate executives, NETSTREIT's strategy focuses on acquiring single-tenant net lease retail properties, ensuring competitiveness in high-quality asset portfolios and generating consistent cash flows and dividends for investors.
- Long-term Growth Potential: The attainment of an investment-grade rating underscores the company's commitment to conservatively managing its balance sheet and maintaining a low leverage profile, which is expected to attract more institutional investors and further drive long-term growth potential.
NTST Surpasses 5% Yield Threshold
Dividend Predictability: Dividend amounts are generally unpredictable and fluctuate based on a company's profitability.
NetSTREIT Corp Analysis: Analyzing the historical dividend chart for NetSTREIT Corp (NTST) can provide insights into the likelihood of maintaining a 5% annual yield.
Investment Opportunities: There is a mention of other dividend stocks that have recently become available for purchase.
Author's Perspective: The opinions expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
