ABEV Stock Recent News

Think it's too late to find true bargains in this raging bull market? You might be surprised.

Consumer surveys in Canada and the U.S. show that alcohol consumption is down in areas where adults have the option to consume legal cannabis, Bernstein analyst Nadine Sarwat said in a research note on Friday.

While growth-centric ideas – particularly in the technology sector – generally attract the most attention, investors should pay attention to passive income opportunities. They're not nearly as exciting as wagering on the next big thing.

It's not easy to find bargain stocks to buy when the stock market regularly keeps hitting new all-time highs. The S&P 500 is sitting above $5,431 at the moment, a 14% gain in 2024 and 23% higher than where it stood 12 months ago.

Although it can be exciting to wager on enterprises that everyone else is following, your best bets may stem from so-called bargain stocks. These ideas are from the path less traveled.

Ambev S.A. (NYSE:ABEV ) Q1 2024 Results Conference Call May 8, 2024 11:30 AM ET Company Participants Jean Jereissati - Chief Executive Officer Lucas Lira - Chief Financial and Investor Relations Conference Call Participants Isabella Simonato - Bank of America Felipe Ucros - Scotia Rodrigo Alcantara - UBS Lucas Ferreira - JPMorgan Robert Ottenstein - Evercore ISI Ben Theurer - Barclays Renata Cabral - Citi Ricardo Alves - Morgan Stanley Operator Good morning, good afternoon, and thank you for waiting. We would like to welcome everyone to Ambev's 2024 First quarter Results Conference Call.

The potential for an outlier U.S. dollar decline and the need for portfolio diversification make Ambev S.A. an attractive foreign investment. Ambev is trading at its cheapest valuation since the 2009 recession low and has a strong 6.5% dividend payout, 5x the S&P 500 rate. The company's stable brand-name business model, high profit margins, low-debt balance sheet, and undervaluation, including 10% in free cash flow generation, highlight an attractive buy choice.

Are there any strong buy stocks left in this market? As it turns out, the answer is “Yes.

Ambev's valuation is strongly tied to the strength of the Brazilian Real. Ambev is a wide-moat company in the markets it operates in, with strong profitability and a solid balance sheet. Ambev's valuation is attractive assuming no significant deterioration of the Brazilin real in the near future despite the economical turmoil in Latin America.

Among Marketbeat's numerous investor resources are screener pages seeking hard-to-find investments. One of those tools is the screener page for Cheap Dividend Stocks, which is a veritable treasure trove of candidates.