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Why do these 2 stocks hide investment opportunities not to be missed in 2024?

Jessie Ramsdale
1. 1. 2024
2 min read

Brookfield Renewable $BEPC+1.0% and Whirlpool $WHR-0.2% are two interesting stories that might excite those thinking about the future of their portfolios. Now is a good time to discover why these stocks are on the decline and why they could be great additions to your portfolio while they are affordable.

Brookfield Renewable: The Renewable Energy Revolution

Investors may not find it too pleasant now to watch Brookfield Renewable $BEPC+1.0% stock underperform the S&P 500 Index in 2023. Concerns about the company's growth in a period of rising interest rates have pushed the price nearly 54% below all-time highs. But what if now is the right time to buy?

Brookfield Renewable, which specializes in renewable energy, is determinedly pursuing its goal. Although growth slowed a bit in the third quarter, the company expects at least 10% growth in operating funds for the fourth quarter of 2023. With planned acquisitions and growing interest in renewables, Brookfield Renewable has a lot to offer.

Recent history shows that the company has achieved more than 10% annual FFO growth, and believes it can maintain that pace through 2028. In addition, it targets long-term dividend growth in the 5% to 9% annual range. With a dividend yield of 4.6%, Brookfield Renewable is on the list of value stocks for anyone looking for a combination of growth and stability, experts say.

BEPC
$25.23 $0.25 +1.00%
Capital Structure
Market Cap
4.5B
Enterpr. Val.
17.9B
Valuation
P/E
-24.7
P/S
1.2
Dividends
Yield
5.4%
Payout
4.7%

Whirlpool: Changes in the home appliance business

Whirlpool $WHR-0.2% is experiencing a tumultuous period, which is reflected in a stock down 16% in 2023. Rising interest rates and margin pressure are not easy issues for the home appliance maker. However, management is not underestimating the challenges and is actively responding.

An $800 million cost reduction in 2023 and an agreement to sell operations in the Middle East and Africa show that Whirlpool is not afraid of change. In addition, the restructuring plan and the cooperation with Arcelik in the European market are strategic steps towards sustainable development.

With a dividend yield of 6%, Whirlpool attracts investors looking for a stable income. With a projected free cash flow of $500 million in 2023 and potential changes in the North American market, Whirlpool is not just about survival, but opportunity.

WHR
$109.23 -$0.17 -0.16%
Capital Structure
Market Cap
6.0B
Enterpr. Val.
12.2B
Valuation
P/E
12.6
P/S
0.3
Dividends
Yield
6.4%
Payout
79.9%

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You will find a lot of inspiration on Bulios, but the final stock selection and portfolio construction is of course up to you, so always do a thorough analysis of your own. Thepractical tools within the Bulios Blackmembership are always at your disposal.

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