PRU has really outperformed in 2024, surging almost 30% since January 1st. This $3.1bn stock looks set to break its $2.50 resistance area once the fear of rising interest rates subsides. It even pays a dividend of around 2%, but investors should be aware that its main revenue stream comes from Africa, which can, at times, increase a stock’s volatility.
- We like the risk/reward towards PRU around $2.15, or 6% lower.