FX.co ★ «Juicy August»: 5 companies whose shares may show their potential by the end of summer

Myers Industries

This American company specializes in the production of polymers for the agricultural and automotive industries and consumer markets. In the second quarter of 2022, Myers Industries' financial results beat market expectations. The company reported earnings per share of $0.45 (with a forecast of $0.38 per share). In the first quarter of this year, the profit of Myers Industries exceeded current estimates, amounting to $0.50 per share. It is worth recalling that in March 2020, its shares rose in price by an impressive 225%. In the current fiscal year, Myers Industries has also performed well. The key to the company's success is its products, which are in high demand on the international market. Investors are guaranteed a significant dividend income. Myers Industries currently has a dividend yield of 2.40%.

General Dynamics

This organization is a conglomerate of American companies from the aerospace and defense industries. It is worth noting that General Dynamics is one of the world's largest defense contractors and key manufacturers of combat aircraft. The company produces F16 fighters, F111 bombers, Tomahawk cruise missiles, M1 Abrams battle tanks, Atlas ballistic missiles, and ships and submarines for the US Navy. In the second quarter of 2022, the organization's net profit reached $766 million. At the same time, its profit was $2.75 per share (at the beginning of the year - $2.61 per share). Investors are guaranteed higher revenue in the near term as U.S. defense spending rises steadily. To date, General Dynamics has a dividend yield of 2.23%.

Ferrovial

Ferrovial is one of the world's largest organizations dedicated to the development of transport infrastructure and the support of urban services. The transport giant recently acquired a majority stake in the American company Webber Group. The deal amounted to $220 million. This year, the company participated in the reconstruction of the first terminal of John F. Kennedy International Airport, located in New York. In the first half of 2022, Ferrovial's net income reached €50 million, with sales up 6.2% to €3.465 billion and gross operating income up 11.3%. The reason for this growth is the restoration of traffic on highways and at airports after the lifting of coronavirus restrictions. Many economic factors are in favor of Ferrovial. Experts note the stable financial position of the company and the high potential for investing in US infrastructure. When trading in the stock market, the company benefits from the strengthening of the dollar.

Acciona Energia

Shares of renewable energy company Acciona Energia have surged 30% this year. Today it is the leader among European companies in this sector, showing a positive trend over the past 12 months. Acciona Energia's growth catalysts are the increase in energy prices and the energy crisis in the eurozone, caused by the military conflict in Eastern Europe. According to analysts, Acciona Energia shares have become leaders in growth this year.

Marathon Oil Corporation

Marathon Oil is an exploration and production company for oil and natural gas (LNG). The lion's share of its revenue comes from the US, Norway, Equatorial Guinea, Angola and Canada. The oil producer has been increasing revenue for seven consecutive quarters. For the second quarter of 2022, Marathon Oil posted sales of $2.3 billion, well over the $1.75 billion recorded in the first quarter. Compared to the comparable period in 2021, this indicator increased by 48%. Investors are attracted by significant dividends paid by the company. To date, the dividend yield of Marathon Oil Corporation is 1.4%.