HSY - My 2 Favorite Stocks to Buy Right Now
2024-06-07 06:45:00 ET
If I had to summarize my investment approach, it would be buying companies with strong dividend track records that currently have historically attractive yields. That's exactly what you'll find with Hormel Foods (NYSE: HRL) and The Hershey Company (NYSE: HSY) , two consumer staples stocks I happily own and have added to multiple times despite the ongoing headwinds they're both facing. Here's why you might want to buy them, too.
A company doesn't usually end up with a historically high yield for no reason. Given that Hormel's 3.6% dividend yield is near the highest levels in the company's history, you can assume that things are tough right now. There isn't one problem, however; there are many.
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My 2 Favorite Stocks to Buy Right Now