Stocks To Buy Ahead of 2024

Flowers Foods (FLO)

The firm achieved a 9% sales increase in the last quarter. Despite a 11% drop in shares this year, investors can acquire Flowers' defensive stance at a fair cost. With a forward P/E ratio of 20 and a 3.7% dividend yield, FLO stock provides stability and income.

Clorox (CLX)

In the recent quarter, sales surged by 12%. After facing challenges in 2022 due to reduced pandemic demand and supply problems, the company is now thriving in 2023.

Sysco (SYY)

SYY stock has declined over 20% in 2022, despite Sysco achieving record sales and profits in the last quarter. Analysts predict 4.3% revenue growth in fiscal 2023, with a 1.9% dividend yield.

Dollar General (DG)

Analysts anticipate a yearly compound sales growth of about 12% throughout this decade, projecting a nearly 20% recovery in its undervalued stock.

Duke Energy (DUK)

Despite a nearly 12% decline in DUK stock this year, it maintains a reliable 4.5% dividend yield. Although Duke's short-term growth outlook has weakened, analysts project about 7% year-over-year earnings growth in the long term.

PepsiCo (PEP)

Pepsi achieved 10.4% sales growth, capitalizing on consumers seeking comfort in indulgent snacks, thus expanding its market share.

Mondelez (MDLZ)

Mondelez reported a robust 17% sales growth in Q2. Analysts anticipate sustained above-average earnings growth, projecting a 15% increase for this consumer discretionary powerhouse.