2024-02-25 08:45:00 ET
Profit growth drives stock prices higher over the long term, so it's smart to focus on investing in stocks with visible earnings growth on the horizon.
NextEra Energy (NYSE: NEE) , Clearway Energy (NYSE: CWEN) (NYSE: CWEN.A) , and Ford (NYSE: F) stand out to a few Fool.com contributors for their long-term growth prospects. Here's why they believe this makes them no-brainer buys right now.
Reuben Gregg Brewer (NextEra Energy): When it comes to utilities, NextEra Energy usually falls well short of the pack on dividend yield . Today, its yield is 3.6%, which is basically just average for a utility, using Vanguard Utilities ETF as a proxy. However, that happens to be near the highest yield this stock has offered in a decade. This suggests that NextEra Energy is cheap today. Don't miss out on this opportunity.
For further details see:
3 No-Brainer Stocks to Buy for 2024 and Beyond