It’s a known fact that stocks are the best way to grow your wealth. However, betting your money on the wrong stocks can be disastrous. That’s why it’s important to do some initial legwork and find the right stocks to invest in. To help you out, we’ve listed out the 5 top-performing stocks this year.
- CF Industries Holdings: CF Industries Holdings is a fertilizer and chemical manufacturing company with a global presence. The company’s stock is a good bet, especially because CF Industries has been reducing its debt-to-assets ratio over the past years, meaning the company has been able to manage its debt even during difficult times.
- ViacomCBS: Although the stocks of ViacomCBS experienced some volatility during the first quarter of the financial year, the company was able to withstand big losses. The company’s stock was given a BBB rating by Fitch Ratings. It’s also worth noting that the company has been paying out dividends every year at 96 cents.
- Chevron Corp.: Chevron Corp is an oil giant that is well-positioned in the market despite the effects of the pandemic, thanks to its global presence and size of market capitalization. The company also acquired Puma Energy earlier this year in July. The transaction was valued at a total of $5 billion. The company also has an extremely strong balance sheet and poses a lower risk financially.
- CVS Health Corp.: Given that we are going through a pandemic, CVS has, and is, playing an extremely essential role in the U.S. economy. Given this, this retail health care giant could make an excellent buying opportunity, more so because the company is currently undervalued.
- Ventas: Ventas, the healthcare real estate investment trust, owns healthcare-related real estate across the country. The company has demonstrated strong growth during the past years and has a market capitalization of over $13.1 billion. It has also been effectively managing debt, and has a dividend yield to the tune of 5.2%.
As the economic condition changes, it’s natural for the top stocks to change. If you are considering buying stocks, make sure to research the best stocks at the time, and make your investment decisions accordingly. Also, don’t forget to diversify your investments across sectors and asset classes for the best returns.
