Goldman Sachs has 5 Blue Chip Dividend Giants on its Best Stock Picks list

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• Goldman Sachs is one of the world’s leading investment banks.
• Dividend stocks will be in demand as interest rates fall over the next two years.
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Artificial intelligence The rally over the past year and a half, led by the so-called Magnificent 7, has been remarkable if you own those stocks. However, most of the S&P 500 is treading water and likely won’t catch up to hype-driven AI stocks anytime soon.

One thing remains sure: With storm clouds gathering on the economic horizon, the risk of an escalating conflict in the Middle East and the market overbought again, many Wall Street strategists are cautious, forecasting modest single-digit gains for the rest of 2024. With however, a significant sell-off of 20% or more could also be possible. Something we got a taste of in July when the Nasdaq quickly slipped into 10% correction territory.

We decided review August Goldman Sachs US Conviction List for stocks with solid total return potential that pay reliable dividends for passive income seekers. Five top companies caught our eye, and when they’re among the top stock picks at the world’s most prestigious investment bank, they’re likely to catch the eye of savvy investors. Also, grab this incredible free report today.

Why we recommend Goldman Sachs stock

Goldman Sachs is the recognized leader in the investment landscape on Wall Street and around the world. The company’s top research department continues to provide clients with the best ideas across the investment spectrum and is likely to continue to do so for years to come.

Brixmor Real Estate Group

Brixmor Property Group is a listed real estate investment trust that invests in shopping centres.

This industry leader The real estate investment trust (REIT) looks poised to hit a 52-week high and pays a solid 4.17% dividend. Brixmor Property Group Inc. (NYSE: BRX) is an REI that owns and operates a national portfolio of high-quality outdoor shopping centers.

Of the company 359 retail centers comprise approximately 64 million square meters of retail space in established commercial areas. The company strives to own and operate shopping centers that reflect Brixmor’s vision of being at the heart of the communities they serve and home to a diverse mix of thriving national, regional and local retailers.

Brixmor is a Real Estate Partner with over 5,000 retailers including The TJX Companies, Kroger, Publix Super Markets and Ross Stores. Goldman Sachs has a $29 price target on Brixmor.

City Group

Citigroup is an American multinational investment bank and financial services company headquartered in New York City.

This is a top the central monetary bank that Warren Buffett bought a whopping $2.5 billion stake in the summer of 2022. The stock pays a reliable dividend of 3.47%. Citigroup Inc. (NYSE: C) is a leading global diversified financial services company that provides a broad range of financial products and services to consumers, corporations and governments.

City Group offers:

• Consumer and credit bank
• Corporate and Investment Banking
• Brokerage of securities
• Transaction Services
• Wealth management services

Citi operates and does business in over 160 countries/jurisdictions in North America, Latin America, Asia, Europe/Middle East and Africa (EMEA).

Trading at a reasonable revenues of 9.2 times estimated in 2025; this company looks very reasonable in what remains a volatile stock market and in a sector that has lagged somewhat in 2024, but appears to be gaining ground. Goldman Sachs has a $75 price target on the stock.

Kinder Morgan

Kinder Morgan is one of the largest energy infrastructure companies in North America.

This is one of the top energy stocks and remains a favorite on Wall Street and pays a reliable dividend of 5.38%. Kinder Morgan Inc. (NYSE: KMI) is a North American energy infrastructure company.

The company operates through four segments:

• Natural gas
• Products
• terminals
• CO2

the natural Gas pipelines segment:

• It owns and operates interstate and intrastate natural gas pipelines and underground storage systems
• Natural gas collection systems and natural gas processing and treatment facilities
• Installations for fractionation of natural gas liquids and transport systems
• Liquefaction and storage facilities for liquefied natural gas

products The Pipeline segment owns and operates refined petroleum products, crude oil and condensate pipelines, related product terminals and OKEpipeline petroleum transportation facilities.

terminals The segment owns and operates liquid and bulk terminals that store and handle various commodities, including:

• Benzine
• diesel fuel
• Chemical products
• ETHANOL
• The metals
• Petroleum coke
• Owns tanks

In the end, The CO2 segment produces, transports and markets CO2 to recover and produce crude oil from mature oil fields. It owns interests in/or operates oil fields, gasoline processing plants and a natural oil pipeline system in West Texas. It owns and operates approximately 83,000 miles of pipelines and 144 terminals.

Philip Morris International

Philip Morris International is an American multinational tobacco company with products sold in over 180 countries.

This company has has continued to grow its global market share and pays a hefty dividend of 4.40%. Philip Morris International Inc. (NYSE: PM) is one of the largest international cigarette manufacturers with a 28% share of the global cigarette/heated tobacco market.

Fuel key brands include:

• Marlborough
• Parliament
• L&M

The company markets IQOS, a non-flammable product, in over 40 markets, which could generate earnings in the future. Most people on Wall Street believe that Philip Morris International offers superior growth prospects in both the short and long term.

The share price has been substantial of late as investors have embraced the upside potential of its low-risk products. All sales are outside the United States. Goldman Sachs’ price target is set at $126.

TPG

TPG manages investment funds in growth capital, venture capital, public equity and debt investments.

While good proverbial radar, this stock pays a 3.43% dividend and also looks poised to challenge a 52-week high. TPG Inc. (NASDAQ: TPG) operates as an alternative asset manager in the United States and internationally.

The company provides investment management services to TPG funds, limited partners and other vehicles.

It also offers portfolio company monitoring services, advisory, debt and equity arrangements, underwriting and placement services and capital structuring and other advisory services.

in additionTPG invests in:

• Private equity funds
• Real estate funds
• Hedge funds
• Credit funds

These six ultra-high yielding stocks are in the Passive Income Hall of Fame

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