Here’s Why Hold Strategy is Apt for Corebridge (CRBG) Stock
From Barchart: 2024-04-10 12:06:00
Corebridge Financial, Inc. (CRBG) benefits from rising premiums, partnerships, and strong cash flow, with a Zacks Rank #3. Stock has gained 25.6% YTD, outperforming the industry. Revenue estimates for 2024 show growth of 24.1%. Corebridge’s return on equity is 23.1%, beating the industry average of 13.7%.
Corebridge’s top line grows from increased premiums and investment income. An aging population boosts demand for retirement planning services. Diversified product suite generates cash flow. Strategic partnerships and divestitures enhance market position. Technology investments improve customer experience. Stock to consider: Coinbase Global, Inc. (COIN) with Zacks Rank #1.
Coinbase Global has beaten earnings estimates consistently and stock has surged 286.4% in past year. Revenue estimates for 2024 and 2025 have increased, reflecting analyst optimism. Zacks predicts significant surge in Bitcoin. Download free report on Bitcoin’s history and growth. For latest recommendations, download 7 Best Stocks for Next 30 Days from Zacks.
Read more at Nasdaq MarketSite: Here’s Why Hold Strategy is Apt for Corebridge (CRBG) Stock