Safest Stocks As The Market Goes To Hell (PG)(WMT)(CL)(MSFT)(MO)(XOM)

Investing

Published: October 6, 2008 9:33 am

Last Updated: April 28, 2020 4:20 am

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Angrybear_2 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

Want to Retire Early? Start Here ^(Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.