The company has consistently paid strong dividends to investors for the past 29 years, even when oil and gas prices have been down. Income investing veterans may be thinking, “DVN is only paying dividends because oil and gas prices are soaring.” But that’s not the case.
Devon Energy is an oil and gas powerhouse with a long history of stellar performance - and after more than 80% growth over the past year, the share price growth is expected to continue. The company is the highest-paying dividend stock on the S&P 500.
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If you’re risk-tolerant enough to hold on through what may be a short-term rough patch and wise enough to dollar-cost average in the bear market, AMZN is a stock that’s worth your consideration.ĭevon Energy is an income investor’s dream. Margins on the AWS business are so big that they’re pushing the company’s average margins to the roof.Īll told, Amazon does face some economy-related headwinds ahead, but it’s nothing the company hasn’t already proven to be perfectly capable of handling.
However, its newer Amazon Web Services (AWS) cloud computing offering is anything but a thin-margin offering. Throughout the majority of its existence, Amazon has focused on razor-slim margins in the e-commerce space. The company also has a potential bounce back to greatness as fears settle. If history is any indication, the company will be sailing toward all-time highs again in no time flat. And though the stock may be trading down at the moment, that trend isn’t likely to last forever. Although it had its ups and downs, the company’s strong fundamentals carried it through the dot-com bubble burst and the Great Recession. That’s not the first crisis the company has faced. The company’s share price didn’t even flinch in the face of the COVID-19 pandemic, likely because it benefited greatly from stay-at-home orders and store closures. What’s so exciting about this falling knife?Īmazon is an e-commerce giant with a clear ability to weather economic storms. There’s no question that some AMZN investors are frustrated beyond words at this point, but that’s often the best time to buy.Įven through the recent selloff, the stock has maintained its position as a favorite among exchange-traded funds (ETFs) and mutual funds. The company operates in a highly cyclical industry and has given up about a third of its value this year alone. Tech stocks like Amazon are likely the last pick you’d expect to find on this list.
Here are some ideas for the best stocks to consider buying right now. And there are a few cyclical gems that risk-tolerant investors may want to dive into for a discount on gains that seem all but guaranteed in the future. Many of these are non-cyclical plays that offer strong dividends. The top stocks to buy now are large companies with a massive economic moat - a competitive advantage that keeps competitors from chipping away at them. However, no matter how red the market is, there’s always a glimmer of green. When the bears take hold of the market, it’s easy to second-guess your investment decisions and difficult to find anything you’d be interested in piling your money into. Yet, even in an environment that feels like navigating through turbulent waters, there are promising opportunities to seize. In situations like this, it can be daunting to determine which stocks to invest in, if at all.
Notable indices like the S&P 500, the Dow Jones Industrial Average, and the Nasdaq composite have experienced significant downturns. Unsurprisingly, these developments have affected the market. The Federal Reserve is making moves to curb high inflation rates, and many financial experts concur that an economic downturn could be on the horizon. Observing the current trends in the stock market has been challenging.
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