Barron's Streetwise BofA’s Favorite Non-AI Stocks. Plus, Nvidia’s Penny Dividend
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Nov 21, 2025 TJ Thornton, Head of Research Marketing at BofA Securities, discusses the firm’s latest insights on non-AI stocks. He shares 16 favorite stock picks, highlighting names like Eversource and Freeport, and explains why focusing on these stocks is crucial as AI hype cools. The conversation shifts to Nvidia’s minimalist dividend, signaling broader market shifts, while discussing historical perspectives on dividends and their importance in a balanced portfolio. With insights on market trends, Thornton emphasizes opportunities in overlooked sectors.
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Nvidia's Penny Reveals Dividend Fade
- Nvidia's dividend is one penny per quarter, yielding roughly 0.0002%, revealing how dividends have faded amid huge price gains.
- Jack Hough argues this tiny payout signals a broader market shift away from dividend income and toward price appreciation.
Dividends Cushion Downturns
- Dividends provide real cash to investors during downturns, helping them ride out recessions without selling shares.
- Jack says dividends let savers reinvest at lower prices or cover living costs during layoffs and slowdowns.
Dot-Com HODLer Tale
- Jack recounts Nvidia's 1999 IPO amid the dot-com boom when dividends were out of fashion.
- He tells the story of 'Tandyman' who over-HODLed AOL and had to rely on creative credit-card cash to live before losing everything.