以下是华尔街顶级分析师重点推荐的三只派息股。 智通财经APP注意到，迈入2026年，在利率下降的背景下，投资者的焦点可能会从固定收益工具转向具 有吸引力的股息股。 从庞大的派息公司群体中挑选出正确的标的并非易事，分析师的选股可以帮助投资者做出正确选择。 雪佛龙(CVX.US) 石油和天然气巨头雪佛龙是第一只股息推荐股。该公司在第三季度通过34亿美元的股息和26亿美元的股 票回购，向股东返还了60亿美元现金。凭借每股1.71美元的季度股息(年化股息为每股6.84美元)，雪佛 龙提供了约4.5%的收益率。 在与雪佛龙管理层会面后，Piper Sandler 分析师瑞安·托德重申了对雪佛龙的"买入"评级，目标价为178 美元。 托德指出，虽然目前原油背景不利而炼油业务向好的局面影响了雪佛龙的表现，但他与管理层的会面反 映出该公司地位稳固。 该分析师认为，雪佛龙的资本效率被低估了。值得注意的是，该公司的上游资本支出/每桶油当量(boe) 产量比同行平均水平低29%。他补充说，考虑到资本支出和运营费用的下降、尚未实现的 AI 收益，以 及好于预期的资源基础，雪佛龙每年10%的自由现金流(FCF)增长预期似乎还是保守的。 ...

Core Viewpoint - Most large AI stocks have negligible dividend yields, often below 1%, leading investors to choose between low-dividend growth stocks and higher dividend yields [1] - The Nasdaq 100 index is nearing its 2021 peak, with many stocks experiencing corrections due to high valuations, while the Federal Reserve faces increasing pressure to cut interest rates [1] - This combination of trends makes dividend stocks more attractive and prompts Wall Street to seek AI investment opportunities with better risk-reward ratios [1] Company Summaries Vishay Intertechnology (NYSE: VSH) - The company produces discrete semiconductors and passive components essential for power supplies, chargers, automotive applications, satellites, and AI server racks [1] - CEO Joel Smejkal noted strong order growth driven by smart grid infrastructure projects and initial AI server shipments, with a projected revenue increase of 6% to $760 million in Q2 2025 [2] - The stock has a P/E ratio of 15 times expected 2026 earnings, a price-to-sales ratio of 0.8, and a dividend yield of 2.32% [2] Booz Allen Hamilton (NYSE: BAH) - As a major government contractor, 98% of its revenue comes from the federal government, which has been a double-edged sword due to budget cuts [3] - The company has seen its backlog of uncompleted orders rise to $38 billion, a year-on-year increase of 11%, and is expected to convert these into sales and profits [3] - Revenue is projected to grow by 12.36% in FY2025, with EBITDA expected to increase by 17.83% [3] Lenovo (OTC: LNVGY) - Lenovo is a well-known player in the PC market, actively expanding its AI offerings and infrastructure solutions for large-scale data centers [5] - The ISG segment reported a record revenue of $15 billion, a 63% year-on-year increase, driven by AI servers equipped with NVIDIA H100 and AMD MI300 GPUs [5] - The stock has a projected P/E ratio of less than 12 times and offers a dividend yield of 3.69% [6]

Group 1 - CNBC has added a resilient automotive parts company to its "all-weather stock list," which aims to identify stocks that perform well in any market condition [1] - The stock market has rebounded after April's turmoil, with the S&P 500 nearly flat for the year, but this has negatively impacted the overall performance of the "all-weather" list [1] - Notable winners on the list include Netflix, recognized for its value as an entertainment option, and Waste Management, which has shown robust revenue performance [1] Group 2 - Dividend-focused ETFs have underperformed slightly, attributed to rising U.S. Treasury yields, which diminish the appeal of dividend stocks [2] - AutoZone has been upgraded from "hold" to "buy" by Bank of America, with a target price increase from $3,900 to $4,800, indicating a potential 25% upside [3] - Bank of America believes that rising tariffs may benefit the automotive aftermarket, as consumers may prefer repairing old cars rather than purchasing new ones due to increased costs [3][4] Group 3 - The trend of rising unemployment and declining new car sales may lead consumers to adopt DIY car repairs, saving on labor costs [4] - AutoZone currently holds 23 buy ratings with no sell ratings, indicating strong positive sentiment from Wall Street analysts [4]