At the beginning of a new financial year, it is a good time to review your past trades and portfolio holdings. Just like gardening, you need to take care of the weeds and let flowering profits bloom bigger.
Keeping up with the developing stories of your favourite stocks helps you understand what is driving their share prices up. If they have hit some bumps along the way, but have long histories of outperforming, then now could be the opportunity to top up on your positions. Here are three stocks with well-known brand names that could make 2014 – 2015 a time to remember for growing your wealth.
JB Hi-Fi Limited (ASX: JBH), the specialty electronics retailer, has fared much better than some of its retailing peers. It expects full year earnings to be up about 10%. The housing market boom is helping drive demand for new TVs, computers and mobile devices. With a generous 4.1% dividend yield, both growth and income investors would love this stock.
Amcor Limited (ASX: AMC) is a leading global packaging company. Its underlying net profit has risen every year over the past six years. Even after recently spinning off Orora Limited (ASX: ORA), another packaging company, some analysts forecast company earnings to rise by an average 12% annually over the next two years. It has a 3.8% dividend yield. Foolish investors will realise a strong growth history shows the quality of the company.
Perpetual Limited (ASX: PPT) is a fund management organisation that has risen along with the stock market, which has driven its investment returns and management fees up. With overseas financial markets continuing to hit new highs, the bull market isn't over. Also, more customer and superannuation funds keep coming into the company, allowing it to invest and potentially earn more. Perpetual's long experience in choosing growth and income stocks should power its profits. Its 3.3% yield is icing on the cake.
