This past week has been a doozy. We’ve got the usual headwinds piling up, with sticky inflation, a 1-in-3 chance for another Fed interest rate hike this year, and rising bond rates putting pressure on stocks. And if that wasn’t enough, the geopolitical situation has heated up, with a major war in the Middle East as Israel goes to war in retaliation for Hamas’ latest atrocities.
But there are opportunities in the market, and investors should not lose hope, despite the headwinds. The strategists at investment powerhouse BlackRock put it in clear terms: “A challenging macro backdrop doesn’t mean a dearth of investment opportunities. Quite the opposite, in our view. Higher macro volatility is translating into greater divergences in security performance relative to broader markets. That calls for much greater selectivity and more granular views. Harnessing the mega forces shaping our world will also offer abundant investment opportunities. It all boils down to what’s priced in.”
Turning those words into action, BlackRock, the world’s largest asset manager with $9.42 trillion in assets under management as of the end of Q2, has been actively seeking out these opportunities. It has recently made significant purchases of two high-yield dividend stocks, with one boasting a yield as high as 9%.
We ran these tickers through TipRanks’ database to determine whether the Street’s analyst corps agrees that these are ripe for the picking at present. Let’s take a closer look.
Hannon Armstrong (HASI)
We’ll start with Hannon Armstrong, a company that’s been putting its money where its mouth is when it comes to climate change. This Annapolis-based firm leads the way in climate-positive investments and green initiatives, funding ventures in energy efficiency, renewable energy, and sustainable infrastructure. The company has a coherent vision for its investments, that every one will improve our collective climate future.
Getting into some specifics, Hannon Armstrong’s investment portfolio currently totals some $4.9 billion. Of this, 51% is put into…
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