Dolby Labs (DLB)
By Wed, Nov 4, 2020
Hey there,
Today’s Chart of the Week is something new that you may not have heard of before…
Our Young Aristocrats list.
This is an exclusive universe of stocks we’ve built that meet very specific requirements to ultimately become what’s known as “Aristocrat Stocks.”
These are companies which have increased their dividend every year for 25 straight years!
Our young aristocrats have all increased their dividends every year for the last 5-9 years.
And Dolby Labs (DLB) has done so for SIX years straight, with a 51% 5-yr dividend growth rate — which is off the charts.
DLB’s payout ratio is only 28% which is not much, so there’s a ton of upside here.
The speaker company is a midcap stock with $7.5 billion market cap that we believe will continue to grow. That’s why we are long above $73 with a price target to exit at $100.
Til next week, good trading,
JC Parets
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About the Author
JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.
