meta_pixel
Tapesearch Logo
Log in
Investing Insights

New Dividend Stocks: Can Meta and Salesforce Help Revive the Classic Strategy?

Investing Insights

Morningstar, Ivanna Hampton, Sarah Hansen

Bonds, Stocks, Analysis, Advice, Trading, Funds, News, Investment, Morningstar, Entrepreneurship, Mutual, Ideas, Etfs, Finance, Investing, Business, Economic, Independent, Christine Benz

4.2539 Ratings

🗓️ 22 March 2024

⏱️ 20 minutes

🧾️ Download transcript

Summary

Also, Morningstar forecasts five interest rate cuts in 2024, and why Adobe’s outlook is slightly disappointing.

Transcript

Click on a timestamp to play from that location

0:00.0

Please stay tuned for important disclosure information at the conclusion of this episode.

0:06.1

Here's what to head on this week's investing in sites. Meta and Salesforce will soon pay their first dividends,

0:12.9

what shareholders can expect, and could these mega-cap tech stocks help revive dividend investing?

0:19.3

Plus, why Morningstar is confident in Adobe's future, despite

0:23.6

the software company's cloudy forecast, and Morningstar senior U.S. economist weighs in on the Federal Reserve's

0:30.6

latest message about interest rates. This is Investing Insights.

0:34.6

Welcome to Investing Insights.

0:45.2

Welcome to Investing Insights. I'm your host, Ivanahampton. Let's get started. Adobe reported a strong first quarter, but with a confusing and disappointing forecast, management declined

0:51.1

to reiterate its full-year outlook for net new annual recurring revenue.

0:56.5

The software company is likely setting up to earn more digital media revenue in the second half of the year.

1:04.0

Investors could view this as a risky strategy.

1:07.4

The guidance overall came across as confusing.

1:16.6

First quarter revenue grew 12% year over year and constant currency to over $5 billion. That exceeded the top end of Adobe's outlook.

1:19.6

Revenue performance was solid and better than anticipated, with notable strength in digital media.

1:26.6

And within digital media, Morningstar thinks Creative Cloud and Acrobat will do well this quarter.

1:33.7

Adobe has had better subscriber growth and good consumption within Firefly for enterprise customers and creative and strong mobile and acrobat sign performance. With recent pricing

1:46.4

changes that will soon roll out, pending product launches, and generative AI adoption, Morning

1:53.0

Star is not changing its view on Adobe. Morningstar thinks Adobe stock is worth $610.10. Shares look

2:00.0

attractive.

2:06.3

Meta and Salesforce will join a new club, dividend payer.

2:12.6

The Facebook pair will issue its first quarterly dividend on March 26th and Salesforce on April 11th.

2:13.8

Meta and the rest of the magnificent 7 have driven the stock market rally while dividend investing has lagged. So could Meta and the rest of the Magnificent Seven have driven the stock market rally while dividend investing has lagged.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Morningstar, Ivanna Hampton, Sarah Hansen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Morningstar, Ivanna Hampton, Sarah Hansen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.