2023-09-18 05:10:00 ET
I know they say to not assume. But for investors sitting on cash, I'm going to make two assumptions. First, investors are scared of losing money. Second, with some savings accounts earning up to 5% per year right now, stock buyers are also looking for investments that can do better than this.
To address these concerns, I've identified two stocks that are extremely safe and that offer really good odds of beating a high-yield savings account. These two stocks are home-improvement retail company Home Depot (NYSE: HD) and outdoor equipment manufacturer Toro (NYSE: TTC) .
Here's why these two stocks could be great buys right now.
For further details see:
Sitting on Cash? These 2 Stocks Are Great Buys