BIPC - 3 Top Stocks to Buy in April
2023-04-02 07:45:00 ET
There's still a lot of uncertainty about what's ahead for the economy. The significant increase in interest rates is starting to affect the real estate and banking sectors, which could eventually spill over into the broader economy. And companies with businesses sensitive to economic growth could start feeling the pinch this year.
However, some business models are relatively immune to the economic cycle . Because of that, these businesses should generate fairly steady growth and profitability even if there's a downturn. Three companies poised for solid years amid the uncertainty are Brookfield Infrastructure (NYSE: BIP) (NYSE: BIPC) , Prologis (NYSE: PLD) , and NextEra Energy (NYSE: NEE) . That makes them stand out as some of the top stocks to buy this month.
Brookfield Infrastructure operates a globally diversified portfolio of infrastructure businesses across the utilities, transport, energy midstream, and data sectors. Roughly 90% of its earnings come from stable revenue sources like long-term, fixed-rate contracts or government-regulated rate structures. Meanwhile, 70% of its cash flow has no volume or price exposure, and 80% benefits from inflation. Brookfield is thus in an ideal position for the current market environment.
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3 Top Stocks to Buy in April