Investing

5 Analyst 'Strong Buy' Stocks With Expected Dividend Hikes This Week

Domino’s has benefited from a steadily growing online/digital ordering mix that currently represents over 50% of domestic orders and has a long runway for growth. Since 2008, more than 80% of the menu offerings are new or significantly revised.

Top Wall Street analysts have cited sustainable drivers that include the company’s strong, consistent price-value relationship; improving franchise unit economics, due, in part, to the proven strategy of “fortressing” markets; and growing scale and digital sophistication.

Investors receive a dividend of 0.87%. The company is expected to raise the dividend to $1.13 per share from $0.94. BofA Securities has a Buy rating on the popular pizza giant, as well as a Wall Street high $642 price objective. The consensus target is $521.82, and Domino’s Pizza stock was trading at $424.05 a share.

General Dynamics

Like other major defense contractors, this submarine and tank builder looks poised to deliver solid numbers and guidance the rest of this year and perhaps beyond. General Dynamics Corp. (NYSE: GD) is engaged in business aviation, land and expeditionary combat vehicles and systems, armaments, munitions, shipbuilding and marine systems, and information systems and technologies.

Major products include Virginia-class nuclear-powered submarine and Ohio class replacement, Arleigh Burke-class Aegis, Abrams M1A2 tank, Stryker eight-wheeled assault vehicle, medium-caliber munitions and gun systems, tactical and strategic mission systems.

General Dynamics stock investors receive a 2.09% dividend. The expected dividend hike is to $1.26 a share from $1.19. UBS has a Buy rating and a $245 price target. The consensus target is $240.87. Shares traded at $231.70 Monday morning.

Qualcomm

This stock has been trading sideways since November and could be poised to break out when things settle down some. Qualcomm Inc. (NASDAQ: QCOM) engages in the development and commercialization of foundational technologies for the wireless industry worldwide.

The Qualcomm CDMA Technologies segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, application processing, multimedia and global positioning system products.

The Qualcomm Technology Licensing segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA, LTE and OFDMA-based 5G standards and their derivatives.

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