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Under normal market conditions, the Fund invests at least 80 percent of its assets in the component securities of the FTSE Taiwan Capped Index and in depositary receipts representing such securities. The FTSE Taiwan Capped Index is a free float-adjusted market capitalization weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25 percent of the FTSE Taiwan Capped Index weight, and all issuers with weights above 5 percent do not cumulatively exceed 50 percent of the FTSE Taiwan Capped Indexs weight. The FTSE Taiwan Capped Index is based on the FTSE Taiwan Index and is designed to measure the performance of Taiwanese large- and mid-capitalization stocks. FTSE Russell determines eligible securities for the FTSE Taiwan Capped Index based on measures such as the companys place of incorporation, listing country, investor protection regulations present in the country of incorporation, tax domicile, location of headquarters/factors of production and currency of denomination. 

Taiwan Semiconductor Manufacturing Co. Ltd.

Franklin FTSE Taiwan ETF

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3 class="wp-block-heading">Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>)</h3>
<ul>
<li>Dividend Yield: 3.22%</li>
<li>Morgan Stanley analyst James Faucette maintained an Equal-Weight rating and cut the price target from $125 to $122 on June 27. This analyst has an accuracy rate of 67%.</li>
<li>Baird analyst Mark Marcon maintained a Neutral rating and slashed the price target from $126 to $124 on June 27. This analyst has an accuracy rate of 69%.</li>
<li>Recent News: On July 10, the company's board declared a regular quarterly cash dividend of 98 cents per share.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071624&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest PAYX's news</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="674" height="735" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072408/Screenshot-2024-07-16-at-4.54.02-PM.png" alt="" class="wp-image-438128" style="width:421px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072408/Screenshot-2024-07-16-at-4.54.02-PM.png 674w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072408/Screenshot-2024-07-16-at-4.54.02-PM-275x300.png 275w" sizes="(max-width: 674px) 100vw, 674px" /></a></figure>
<h3 class="wp-block-heading">Kennametal Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>)</h3>
<ul>
<li>Dividend Yield: 3.27%</li>
<li>Barclays analyst Julian Mitchell maintained an Equal-Weight rating and cut the price target from $25 to $24 on July 10. This analyst has an accuracy rate of 75%.</li>
<li>Loop Capital analyst Chris Dankert maintained a Hold rating and cut the price target from $24 to $22 on June 21. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On May 8, Kennametal posted weaker-than-expected quarterly earnings.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071624&amp;t=be2bearmibe3na1">trend in Kennametal's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="689" height="753" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072442/Screenshot-2024-07-16-at-4.54.37-PM.png" alt="" class="wp-image-438132" style="width:457px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072442/Screenshot-2024-07-16-at-4.54.37-PM.png 689w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072442/Screenshot-2024-07-16-at-4.54.37-PM-275x300.png 275w" sizes="(max-width: 689px) 100vw, 689px" /></a></figure>
<h3 class="wp-block-heading">Stanley Black &amp; Decker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>)</h3>
<ul>
<li>Dividend Yield: 3.73%</li>
<li>Barclays analyst Julian Mitchell downgraded the stock from Overweight to Equal-Weight and cut the price target from $100 to $86 on June 4. This analyst has an accuracy rate of 75%.</li>
<li>Baird analyst Timothy Wojs maintained a Neutral rating and cut the price target from $82 to $80 on April 19. This analyst has an accuracy rate of 68%.</li>
<li>Recent News: Stanley Black &amp; Decker is expected to broadcast its second quarter earnings webcast on Tuesday, July 30.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071624&amp;t=be2bearmibe3na1">breakout in SWK's shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="668" height="701" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072517/Screenshot-2024-07-16-at-4.55.13-PM.png" alt="" class="wp-image-438133" style="width:431px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072517/Screenshot-2024-07-16-at-4.55.13-PM.png 668w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072517/Screenshot-2024-07-16-at-4.55.13-PM-286x300.png 286w" sizes="(max-width: 668px) 100vw, 668px" /></a></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39786459/bank-of-america-morgan-stanley-and-other-3-stocks-to-watch-heading-into-tuesday">Bank Of America, Morgan Stanley And Other 3 Stocks To Watch Heading Into Tuesday</a></li>
</ul>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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News

Dividends

Price Target

Markets

Analyst Ratings

Trading Ideas

PAYX

Wall Street's Most Accurate Analysts Weigh In On 3 Industrials Stocks Delivering High-Dividend Yields

Keefe, Bruyette &amp; Woods analyst Aidan Hall maintains BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) with a Outperform and raises the price target from $915 to $934.

Keefe, Bruyette & Woods Maintains Outperform on BlackRock, Raises Price Target to $934

Needham analyst David Saxon reiterates Envista Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVST#NYSE">NVST</a>) with a Hold.

Reiteration

NVST

Needham Reiterates Hold on Envista Holdings

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains Guaranty Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNTY#NYSE">GNTY</a>) with a Market Perform and raises the price target from $34 to $35.

GNTY

Keefe, Bruyette & Woods Maintains Market Perform on Guaranty Bancshares, Raises Price Target to $35

Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) is reportedly considering a significant move to sell thousands of mobile phone towers across the U.S.
Verizon has engaged advisors to assess potential buyers&#8217; interest in a package comprising approximately 5,000 to 6,000 towers. A possible sale could yield over $3 billion, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-15/verizon-is-said-to-explore-selling-thousands-of-towers-in-us?sref=TBDibEcD" rel="noreferrer noopener">cites</a> familiar sources, although discussions are in the early stages and do not guarantee a transaction.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39779025/verizon-and-at-t-clash-over-14b-firstnet-spectrum-proposal" rel="noreferrer noopener">Verizon And AT&amp;T Clash Over $14B FirstNet Spectrum Proposal</a>
In 2015, Verizon offloaded lease and operational rights for about 11,000 towers to American Tower Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) for an upfront payment of $5 billion. This deal helped Verizon raise funds for airwave purchases and debt reduction, according to Bloomberg.
The current batch of towers will likely attract interest from infrastructure companies and strategic investors. Major telecom firms often leverage their mobile phone tower assets to generate cash.
Goldman Sachs analyst <a target="_blank" href="https://www.benzinga.com/news/24/07/39580917/verizon-at-t-and-t-mobile-set-for-gains-goldman-sachs-cites-ai-and-data-center-demand" rel="noreferrer noopener">views the U.S. telecom</a> sector optimistically, emphasizing the transformation underway among wireless carriers and data centers.
Verizon stands out in Schneider&#8217;s analysis for its strengthening wireless operations and promising prospects in fixed wireless for both consumer and business segments.
Investors tracking developments can consider exposure through Vanguard Telecommunication Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOX#NYSE">VOX</a>) and iShares U.S. Telecommunications ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYZ#NYSE">IYZ</a>).
<h2 class="wp-block-heading">Verizon Stock Prediction For 2024</h2>
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Verizon Communications, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Verizon Communications, the 200-day moving average sits at $38.68, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is below the current price of $40.79. For more on charts and trend lines, <a href="https://pro.benzinga.com/">see a description here.</a>
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
Price Action: VZ stock traded higher by 0.27% at $40.90 premarket at the last check on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Asset Sales

Tech

Media

iShares Dow Jones US Telecommunications Sector Index Fund

Telecom Giant Verizon Eyes Tower Sell-Off To Monetize Asset

Needham analyst James Ricchiuti maintains CECO Environmental (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) with a Buy and raises the price target from $26 to $34.

CECO

Needham Maintains Buy on CECO Environmental, Raises Price Target to $34

WIIM

PLTR

Palantir Technologies shares are trading lower after Mizuho downgraded the stock from Neutral to Underperform.

MTCH

Match Group shares are trading higher after Starboard Value sent a letter to the company outlining initiatives for improving growth, profitability and capital allocation.

Evercore ISI Group analyst David Palmer downgrades Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) from Outperform to In-Line and lowers the price target from $92 to $80.

Downgrades

SBUX

Evercore ISI Group Downgrades Starbucks to In-Line, Lowers Price Target to $80

SHOP

Shopify shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy.

DDOG

Datadog shares are trading higher after Mizuho upgraded the stock from Neutral to Outperform.

RDDT

Reddit shares are trading lower after Loop Capital downgraded the stock from Buy to hold.

&quot;We are excited to partner with Spur India, a company with a strong reputation and over 25 years of experience in high-reliability components and systems,&quot; said Owen&nbsp;Bateman, VP of worldwide sales at QuickLogic. &quot;Their expertise and dedication to customer satisfaction align perfectly with our mission, and we are confident this partnership will significantly benefit our customers in&nbsp;India.&quot;

QUIK

QuickLogic Expands Reach In India Through Strategic Partnership With Spur Microwave Inc.

&nbsp;Pursuant to the Agreement,&nbsp;Jinko Middle East, RELC and VI agree to form a joint venture in&nbsp;Saudi Arabia&nbsp;with&nbsp;Jinko Middle East, RELC and VI holding&nbsp;40%,&nbsp;40%&nbsp;and&nbsp;20%&nbsp;equity interest, respectively. The formation of the joint venture is subject to customary preconditions, including obtaining the requisite regulatory approvals.
The joint venture will build and operate a high-efficiency solar cell and solar module manufacturing facility in&nbsp;Saudi Arabia. The manufacturing facility is expected to have a total investment amount of approximately&nbsp;US$1 billion, and will be funded through a combination of its internal funds and external financing.&nbsp;

JinkoSolar Forms Joint Venture With RELC And VI To Build $1B Solar Cell And Module Facility In Saudi Arabia

Evercore ISI Group analyst Matt McGinley downgrades Yum Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) from Outperform to In-Line and lowers the price target from $160 to $145.

Evercore ISI Group Downgrades Yum Brands to In-Line, Lowers Price Target to $145

Teamsters Union is reportedly contemplating <a href="https://www.benzinga.com/news/24/01/36819947/uaw-president-says-cant-fathom-teamsters-backing-trump-who-cycled-through-white-house-staff-like-toi">not endorsing any candidate for the 2024 U.S. presidential election</a>, including the incumbent President Joe Biden. This move, if implemented, could have a substantial impact on Biden&#8217;s reelection prospects.
What Happened: The International Brotherhood of Teamsters, representing 1.3 million members from trucking and manufacturing, among others, could decide on the matter in the coming weeks, Reuters reported.
The union had endorsed Biden in the 2020 election. However, due to internal divisions, it is now uncertain if the union will back any candidate, including Biden. This would be the first time since 1996 that the Teamsters have not endorsed a candidate, the report said. 
The union&#8217;s relationship with the Biden administration has deteriorated over the past few months, particularly concerning the rescue of trucking company Yellow Corp from bankruptcy. The union&#8217;s President, Sean O&#8217;Brien, was reportedly denied an Oval Office meeting to discuss the issue with Biden.
The union&#8217;s decision was also influenced by the dissatisfaction of some Democratic lawmakers and donors with Biden&#8217;s performance, especially after a presidential debate on June 27, a person familiar with the union&#8217;s deliberations told Reuters.
Amid this, O&#8217;Brien also delivered an address at the Republican National Convention (RNC) in Milwaukee on Monday, at the invitation of former President Donald Trump. This is the first time a Teamsters president has spoken at the RNC.
Why It Matters: The Teamsters Union has historically been a significant player in U.S. presidential elections, often endorsing Democratic candidates. The potential decision not to endorse any candidate could significantly impact Biden&#8217;s reelection bid, especially considering unions&#8217; influence in key battleground states.
However, a Teamsters endorsement of Republican candidate Donald Trump <a href="https://www.benzinga.com/news/24/01/36522898/trumps-constructive-conversation-with-teamsters-adds-twist-as-labor-union-mulls-2024-endorsement-is">also seems unlikely</a>, Reuters reported.
United Auto Workers union, which includes nearly 400,000 active members, including many employed by U.S. automakers including Ford and General Motors, however, endorsed Biden in January. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39767118/elon-musk-says-spacex-making-important-design-changes-to-starship-ahead-of-its-fifth-test-flight" target="_blank" rel="noreferrer noopener">Elon Musk Says SpaceX Making ‘Important&#8217; Design Changes To Starship Ahead Of Its Fifth Test Flight</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Teamsters

Politics

Teamsters Union Considers Withholding Endorsement For Both Trump And Biden After Supporting Democrats For Decades: Report

General

Starboard Value Sends Letter To Match Group Listing Out Initiatives For Improving Growth, Profitability, And Capital Allocation

Alibaba Group Holding Limited&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) AI-powered energy-management tool, Energy Expert, will reportedly be utilized in the Paris Olympics to minimize electricity consumption across competition venues.
The International Olympic Committee (IOC) will deploy this data-driven tool to achieve the first carbon-neutral edition of the Games, SCMP <a target="_blank" href="https://www.scmp.com/business/article/3270513/paris-olympics-will-use-alibabas-ai-powered-energy-saving-tool-cut-venue-emissions" rel="noreferrer noopener">reports</a>.
Energy Expert, developed by Alibaba&#8217;s cloud unit, uses deep learning-based AI models to analyze real-time power consumption data.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39768528/alibaba-chinese-tech-stocks-and-ev-stocks-nio-xpeng-li-auto-tumble-after-disappointing-economic-repo" rel="noreferrer noopener">Alibaba, Chinese Tech Stocks And EV Stocks NIO, XPeng, Li Auto Tumble After Disappointing Economic Report</a>
It provides venue-specific forecasts and recommendations to optimize energy demand and reduce power waste. This tool will be operational at all 35 locations during the Games, from July 26 to August 11.
To offer comprehensive energy consumption analysis, Alibaba will also incorporate historical data from previous Games, including London 2012, Pyeongchang 2018, and Tokyo 2020.
The Paris Olympics aims to halve event-related carbon emissions compared to previous editions and offset the remaining emissions through reforestation and renewable energy projects.
Price Action:&nbsp;BABA shares are trading lower by 0.60% to $77.54 in the premarket session at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39730276/alibaba-and-bytedance-dominate-chinas-growing-genai-infrastructure-market-scmp-reports" target="_blank" rel="noreferrer noopener">Alibaba and ByteDance Dominate China&#8217;s Growing GenAI Infrastructure Market, SCMP Reports</a></li>
</ul>

Equities

Government

Regulations

BABA

Alibaba's AI Tool Powers Paris Olympics' Carbon-Neutral Efforts: Report

Health Care

PASG

Passage Bio Receives Positive Feedback From FDA On Expansion Of upliFT-D Trial Of PBFT02 To Treat Frontotemporal Dementia (FTD)

Preliminary Estimates of&nbsp;Second Quarter&nbsp;2024 Results
Main Street&#39;s preliminary estimate of&nbsp;second quarter&nbsp;2024 net investment income (&quot;NII&quot;) is&nbsp;$1.00&nbsp;to&nbsp;$1.02&nbsp;per share and distributable net investment income (&quot;DNII&quot;) is&nbsp;$1.06&nbsp;to&nbsp;$1.08&nbsp;per share.(1)
Main Street&#39;s preliminary estimate of net asset value (&quot;NAV&quot;) per share as of June&nbsp;30, 2024 is&nbsp;$29.77&nbsp;to&nbsp;$29.83, representing an increase of&nbsp;$0.23&nbsp;to&nbsp;$0.29&nbsp;per share, or&nbsp;0.8%&nbsp;to&nbsp;1.0%, from the NAV per share of&nbsp;$29.54&nbsp;as of&nbsp;March 31, 2024, with this increase after the impact of the supplemental dividend paid in&nbsp;June 2024&nbsp;of&nbsp;$0.30&nbsp;per share. The estimated increase in NAV per share is primarily due to the net fair value increase on the investment portfolio resulting from the net unrealized appreciation and the net realized gain on portfolio investments, including an increase in the fair value of the wholly-owned asset manager, and the accretive impact of equity issuances during the quarter, with these increases partially offset by the net tax expense for the quarter.
As a result of Main Street&#39;s preliminary estimates of NII and net changes in the fair market value of its investment portfolio as noted above, Main Street estimates that it generated a quarterly annualized return on equity of&nbsp;15%&nbsp;to&nbsp;17%&nbsp;for the&nbsp;second quarter&nbsp;of 2024.(2)
Main Street preliminarily estimates that non-accrual investments comprised&nbsp;1.2%&nbsp;of the total investment portfolio at fair value and&nbsp;3.6%&nbsp;at cost as of June&nbsp;30, 2024.

MAIN

Main Street Sees Q2 Net Investment Income (NII) Of $1.00 - $1.02 Per Share; Distributable Net Investment Income (DNII) Of $1.06 - $1.08 Per Share

Emerging Market Stocks: Great Businesses Hide In A Murky Market Landscape

A Stronger U.S. Dollar - Will EMS Feel The Pinch?

Global Macro Outlook: Third Quarter 2024

Global PMI Upturn Cools From One Year High As Outlook Darkens

Weekly Commentary: Nothing Matters

Global PMI Signals Cooler Services Inflation In June, But Goods Prices Show Further Rise

Softer-Than-Expected June Inflation Continues To Bolster The Case For Easing In China

Weekly Commentary: Houston, We Have A Bubble Problem

Emerging Markets Show Resilience Despite Global Monetary Tightening

China's Q2 GDP Slowed By More Than Expected In New Challenge To Achieving Growth Target