Discover the Best Stocks to Buy for Long-Term Wealth Creation
Last week’s market turmoil sent shockwaves through investors as recession fears loomed large. The S&P 500 plummeted 3% in a single day, while the Nasdaq 100 saw its worst loss ever, shedding over 1,000 points before clawing back some ground.
While the situation has improved since then, the volatility has left many cautious. The possibility of a looming crash is always on the horizon, which is why it’s crucial to be prepared for the worst while hoping for the best.
Investing in solid companies with strong growth potential is key to protecting your portfolio from market corrections. Here are three top stocks that can help safeguard your investments:
1. AbbVie (ABBV): AbbVie, a pharmaceutical giant known for Humira, is facing sales challenges post-patent expiration. However, with a strong portfolio of drugs like Skyrizi and Rinvoq, the company is well-positioned for growth. ABBV stock is attractively valued and offers a 3.2% dividend yield.
2. Realty Income (O): This real estate investment trust boasts over 15,450 properties and strong tenant lineup including Walmart, Costco, and Dollar General. With a 5.2% dividend yield and consistent payout history, Realty Income is a reliable choice for long-term investors.
3. Visa (V): As a premier payments processor with billions of cards in circulation, Visa is a solid choice for any market scenario. Despite flat performance this year, Visa’s growth potential and dividend growth make it a resilient investment option.
In conclusion, by diversifying your portfolio with these top stocks, you can weather market volatility and secure long-term wealth creation. Don’t wait for a crash to happen – be proactive in protecting your investments today.