Investing

10 Best Stocks to Boost Your Portfolio in the Second Half

Qualcomm’s free cash flow over the past 12 months was $7.2 billion, and its expected dividend yield over the next year is pegged at 2.3%. The average price target on the stock is about $194, implying a potential share price gain of about 45.4%. Qualcomm’s payout ratio for the past year was 27.5% and the total shareholder return was negative 1.7%.

Paycom Software

Paycom Software Inc. (NYSE: PAYC) competes with giants like SAP, ADP and Oracle in human resources management, and its cloud-based software-as-a-service model has added about 390% to the share price over the past five years.

Free cash flow over the past 12 months totaled $217.3 million ($3.89 per share), but Paycom does not pay a dividend. The average price target on the stock is $378, implying an upside potential of about 14.8% to a recent price of around $329.20. The stock’s total return over the past year was negative 13.9%.

EPAM Systems

This one already has begun to work its way out of the hole it found itself in following the Russian Invasion of Ukraine. Bank of America Securities included EPAM Systems Inc. (NYSE: EPAM) among its top 10 picks for the third quarter of this year.

EPAM’s free cash flow for the past 12 months totaled $384.1 million ($6.72 per share), and the company does not pay a dividend. The average price target on the stock is around $418, implying an upside potential of about 27.6% to a recent price of around $327.30. The stock’s total return over the past year was negative 36.5%.

Sherwin-Williams

Sherwin-Williams Co. (NYSE: SHW) has struggled with supply chain issues over the past few quarters and the share price has dropped enough that it may be near an attractive entry point.

The company’s free cash flow over the past 12 months was $1.7 billion, and its expected dividend yield over the next year is pegged at 1.04%. The average price target on the stock is about $297, implying a potential share price gain of about 24.6%. The Sherwin-Williams payout ratio for the past year was 32.1%, and the total shareholder return was negative 12.1%.

Costco

For the first time in five years, Costco Wholesale Corp. (NASDAQ: COST) is considering raising its membership rates. The broadlines retailer posted an all-time high worldwide membership renewal rate of 90% at the end of its May quarter, and historically it hikes its membership rates every 5.5 years.

The company’s free cash flow over the past 12 months was $4.1 billion, and its expected dividend yield over the next year is pegged at 0.67%. The average price target on the stock is about $556, implying a potential share price gain of just over 10%. Costco’s payout ratio for the past year was 24.8%, and the total shareholder return was 24.8%.

Intuitive Surgical

Intuitive Surgical Inc. (NASDAQ: ISRG) has surpassed analysts’ profit and revenue estimates for 12 consecutive quarters. Even so, it was the second-worst performing stock on this list.

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