Investing
Safest Stocks As The Market Goes To Hell (PG)(WMT)(CL)(MSFT)(MO)(XOM)
Published:
Last Updated:
It appears that every stock in the market is being crushed, but that is not entirely so. Several companies in industries not likely to be badly by a deep recession are doing well, and should continue to do so.
Most of these companies also carry reasonable dividends.
As panic races through the markets, save yourselves if you can.
Procter & Gamble (PG) is not down that far from its 52-week high. It has a yield of 2.3% and people will buy razors and soap even if they are standing in bread lines.
McDonald’s (MCD) Where else can people eat for $1. Sports a 3.3% yield.
Wal-Mart (WMT) Everyday low prices now that the middle class have become poor.
Colgate-Palmolive (CL) Same reasons as PG. Yield at 2.1%.
Microsoft (MSFT) Near its lows, but a cash flow giant. Safest balance sheet in the world. Yield at 2% and CEO Steve Ballmer still wants to buy shares back.
Altria (MO) Market for coffin nails is not going away. Great balance sheet. Extraordinary cash flow. Yield over 6%.
Exxon Mobil (XOM) Shares may be low because of oil prices, but Exxon makes money even if crude hits $60. Yield at 2.1%
Douglas A. McIntyre
Are You Still Paying With a Debit Card?
The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.
Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!
Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!
Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.