However, it’s true that the vaccine sales have provided a cash bump, which provides ample flexibility to invest in research and development.įor 2022, Pfizer expects revenue of $100 billion, which would imply a year-on-year growth potential of 27%. The company’s growth and cash flow upside are likely to sustain in the long term. Pfizer is not just a Covid-19 vaccine play. Considering the current valuation, there is scope for capital gains. In addition to this, the stock trades at a forward price-earnings ratio of 7.2. PFE stock offers a dividend yield of 3.2% and it’s likely that dividends will increase in the coming years. Source: Manuel Esteban / Īmong income stocks, Pfizer (NYSE: PFE) would be among the top picks. Let’s take a close look into seven cheap stocks to buy for a rich retirement. Additionally, growth stocks have the potential to deliver multi-fold returns over the long-term. In my view, the dividend income can be re-invested to further boost the retirement portfolio returns. Within the equity portfolio for retirement, I would consider holding some growth stocks as well as dividend stocks. With equity markets having witnessed a meaningful correction from highs, investors can consider some cheap stocks to buy for the long-term. Some popular asset classes would include fixed-income securities, gold, equities and blue-chip cryptocurrencies. Similar to a dynamic portfolio, a retirement portfolio also needs to be diversified. The power of compounding can do wonders even if a small amount is allocated every month towards retirement funds. It’s never too early to start retirement planning. Target has an omnichannel presence with significant investments planned in the next few years. Target ( TGT): Strong growth in comparable store sales.With the platform becoming more shopping friendly, Pinterest is a proxy e-commerce play. Pinterest ( PINS): Ample scope for upside in international ARPU.A deep correction provides an attractive entry point. Rivian ( RIVN): In the early stages of growth, but the long-term outlook is promising.A strong order backlog provides clear cash flow visibility.
Lockheed Martin ( LMT): The top defense stock is likely to benefit from rising geo-political tensions.Sustained revenue and earnings growth visibility through diversified revenue sources. Apple ( AAPL): This is the best-performing FAANG stock in 2022.Considering financial flexibility, aggressive investments expected in renewable and non-renewable energy assets. Chevron ( CVX): Among the top oil and gas plays with assets that have an attractive break-even.Pfizer ( PFE): Undervalued with a robust dividend yield, Pfizer has a deep pipeline of drugs to ensure long-term revenue growth visibility.All are worth holding in the retirement portfolio for value creation. These cheap stocks to buy come from growth and dividend names.
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