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Top 5 Stocks to Buy Right Now
Home Depot (HD)
As the slowdown in the housing market has trickled down to the home improvement retail sector, this decline in value has brought with it slower growth rates.
As a result, Home Depot has only increased by 8.5% since hitting a 52-week low. For whatever reason, this name seems to be falling out of favor. Possible causes include low expectations for profit growth of 5% and flat revenues for the current year.
Shares are now priced at a reasonable 18 times this year’s expected profits. Especially considering the stock’s dividend yield of 2.9 percent.
Over time, management has appropriately prioritized the dividend by consistently increasing the yearly distribution for the last 13 years. Additionally, the growth rate over the last five years is a staggering 16%.
Finally, what do you think all the individuals who locked up 30-year mortgages with rates below 4% will do if we see a housing downturn over the next year or two? They plan on staying put and making repairs to their homes.
Starbucks (SBUX)
One of my favorite long-term holdings over the last decade and a half has been Starbucks (NASDAQ:SBUX).
It has been (mostly) reliable, and it continues to provide excellent revenue and profit…
