#6 - International Stocks (NYSE:TM)
International stocks can sometimes be overlooked by U.S. investors. However, in times of uncertainty, it can’t hurt to diversify your portfolio. Particularly when it comes to quality names.
One name to consider is Toyota Motor Corp. (NYSE: TM). The auto industry is going through an upheaval as the push for electrification intensifies. However, as the debate over EVs versus ICEs continues, what’s old is becoming new again.
Hybrid vehicles are flexing their muscles, and Toyota is a leader in this market. The company recently made the decision to launch the 2025 version of its popular Camry sedan exclusively as a hybrid model. The stock is flat in 2024, but analysts project earnings growth of more than 37% in the next 12 months.
Another international stock to consider is Netherlands-based NXP Semiconductors N.V. (NASDAQ: NXPI). The stock is up just 3.3% in 2024, but analysts are forecasting strong earnings growth that makes this a buyable dip.
About Toyota Motor
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.
Read More - Current Price
- $174.00
- Consensus Rating
- Hold
- Ratings Breakdown
- 0 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
