Two Safety Stocks for Summer
Investors are facing one of the toughest investment climates since the financial crisis. S&P earnings are projected to be down in the second quarter for the first time in three years. Manufacturers such as Ford F are being hammered by their European sales and operations. Industrials are challenged with negative FX impacts, slowing domestic growth and rising inventories. Financials face myriad new regulations, growing legislative scrutiny and still have opaque balance sheets. Energy and commodity stocks have cratered as projections for worldwide growth continue to come down, pushing oil and commodity prices lower.
With the outcome in Europe still in doubt and growing concerns around the world, I think its pays to have a good portion of one's portfolio in safe, boring equities that have consistent revenue streams, solid dividends and low betas. Here are two names that fit the bill....346 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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