Investing

5 Raymond James Stocks to Buy for a Longer U-Shaped Recovery

The Issuer Solutions segment offers solutions that enable financial institutions and retailers to manage their card portfolios through a platform, as well as commercial payments and ePayables solutions for businesses and governments.

The Business and Consumer Solutions segment provides general-purpose reloadable prepaid debit and payroll cards, demand deposit accounts and other financial service solutions to the underbanked and other consumers and businesses under the Netspend brand.

Shareholders receive just a 0.50% dividend. The Raymond James price target is $165, lower than the $177.89 consensus target. Global Payments stock closed most recently at $162.90.

MasterCard

This continues to be one of the top credit card plays in the world. Mastercard Inc. (NYSE: MA) is a global payments provider that operates one of the largest payment processing networks, connecting billions of consumers, millions of merchants, and thousands of financial institutions in more than 210 countries. Its brands include Mastercard, Maestro and Cirrus.

The company also provides value-enhancing offerings such as loyalty and rewards programs, information services and consulting. According to Nilson estimates, Mastercard is the third-largest global credit and debit network, as measured by volume.

Small businesses and individuals having a hard time entering the digital economy are getting a boost from Mastercard as the need to receive funds electronically and make digital and contactless payments has been underscored by the COVID-19 pandemic.

The company is pledging to connect 1 billion people and 50 million small businesses to the digital economy by 2025. This commitment is an extension of its 2015 promise to bring 500 million people who don’t have ready digital access to financial products into the system.

Investors receive a 0.60% dividend. Raymond James has set a price target of $288. The consensus target is $306.48, and the final trade for MasterCard stock came in at $264.76 on Tuesday.

Oracle

This top software stock has bounced nicely off its 2020 low but still offers a very good entry point. Oracle Corp. (NYSE: ORCL) develops, manufactures, markets, sells, hosts and supports database and middleware software, application software, cloud infrastructure, hardware systems and related services worldwide. It also is one of the most valuable brands in the world.

The company licenses its Oracle Database software to customers, which is designed to enable reliable and secure storage, retrieval and manipulation of various forms of data. Its Oracle Fusion Middleware software aims to build, deploy, secure, access and integrate business applications, as well as automate their business processes.

Oracle stock investors receive a 1.80% dividend. The $56 Raymond James price target compares with the $50.27 consensus target and the most recent close at $53.20.

Verizon

This top telecommunications stock offers tremendous value at current levels. Verizon Communications Inc. (NYSE: VZ) is one of the largest U.S. telecom companies. It provides wireless and wireline service to retail, enterprise and wholesale customers.

The company’s wireless network serves approximately 120 million mobile connections with 115 million postpaid subscribers. Verizon’s wireline business has undergone a period of secular decline due to wireless substitution and cable competition. Verizon acquired AOL and Yahoo to create the Oath digital content platform.

Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and it delivers integrated business solutions to customers worldwide. Furthermore, Verizon is another of the most valuable brands in the world.

Shareholders receive an outstanding 4.26% dividend. The $61 Raymond James price target is right in line with the $61.32 consensus target. Verizon stock closed Tuesday’s trading at $57.84.

These five companies could be big winners if the recovery is U-shaped in nature and we trade sideways for a while before turning higher. It is important to remember that all their stocks have seen substantial insider buying recently, which is one of the best indicators for stock investors.