4 Stocks I'm Eyeing for My Cash Hoard in 2024
Cash is continually flowing into my portfolio. I have regularly scheduled deposits that add money each month. On top of that, I invest heavily in dividend stocks. Those recurring income payments increase my cash position since I don't automatically reinvest my dividends.
Given the market's rally in recent months, I've been letting my cash position buildup. I'm waiting for the next sell-off to put some of my cash hoard to work. I currently have my eye on Energy Transfer (NYSE: ET), Blackstone (NYSE: BX), Digital Realty (NYSE: DLR), and (NASDAQ: AVGO). Here's why I hope to deploy some of my cash hoard to buy more shares of these high-quality companies in the coming year.
Energy Transfer became one of my largest income-producing investments last year after it acquired Crestwood Equity Partners (which I also owned) in an all-Equity deal. However, I'm hoping for an opportunity to add to my already sizable position.
Source Fool.com
Broadcom Ltd. Stock
The stock is an absolute favorite of our community with 67 Buy predictions and no Sell predictions.
Based on the current price of 141.8 € the target price of 1382 € shows a potential of 874.61% for Broadcom Ltd. which would more than double the current price.
