ROK - A Bull Market Is Coming: 3 Stocks to Buy Without Any Hesitation
2023-12-01 05:20:00 ET
If you are looking at the stock market today and believe that it is about to break out into a new bull market (the criteria calls for a 20% advance from a bear low as well as hitting a new all-time high), then you might want to tilt your portfolio toward growth.
There are a lot of ways to do that, but here are three stocks that you should strongly consider: NextEra Energy (NYSE: NEE) , Rockwell Automation (NYSE: ROK) , and Fastenal (NASDAQ: FAST) . Here's why.
Buying NextEra Energy is really like buying two companies in one. The foundation for the business is the company's regulated utility operation (about 70% of the company). It is fairly boring, selling power largely in the state of Florida via Florida Power & Light. Being regulated, it has a monopoly in the areas it serves, but it has to get the rates it charges and its spending plans approved by the government. Slow and steady is the general path.
For further details see:
A Bull Market Is Coming: 3 Stocks to Buy Without Any Hesitation