When it comes to wealth management, having a stock portfolio is essential for any retiree. It will give you the money you need to live a happy, healthy life. In addition, having the right stocks can ensure your portfolio will grow. These stocks are also a great way to diversify your portfolio and protect your savings.
Wealth management: Johnson & Johnson
Whether you are looking to invest in a stock that has the potential to do well over the long term, Johnson & Johnson is one stock to consider. The company has been in the healthcare business for over two centuries, and its products have helped millions worldwide.
For the longest time, J&J was a company that was consistently at the forefront of innovation and technology in the healthcare industry. Their products have helped people around the world with medical issues. As a result, they have been a significant factor in the stock’s performance.
Buying stocks is a great way to ensure a secure financial future. However, those looking to invest in the stock market for the long haul will want to be sure they are diversified. This will ensure that they are rewarded for their investment. In addition, investing in a few high-quality stocks will ensure their money is well spent.
Choosing the best stocks to buy will require research and a little foresight. The Motley Fool review is an excellent start to building up your retirement fund. The best stocks to buy now will most likely outperform the broader market over the next five to ten years. Of course, they will have some short-term ups and downs. But, these companies will stand the test of time.
Wealth management: Hawkins Inc.
Hawkins Inc. is a company that manufactures bulk specialty chemicals, formulates products for industrial customers, and distributes equipment and products for water treatment and wastewater treatment. The company has approximately 800 employees and 49 facilities in 24 states.
Hawkins has three divisions: Industrial, Water Treatment, and Arrowhead Chemical Division. Each division operates a separate plant and offers chemicals and equipment for various industries.
In fiscal 2022 Hawkins, Inc. generated $774.5 million of revenue and has approximately 800 employees.
ServisFirst Bancshares (NYSE:SFBS)
Despite its gimmicky name, ServisFirst Bancshares (NYSE:SFBS) is a reputable regional banking institution with operations in the southern United States. It was founded by Thomas Ashford Broughton III in May 2005 and is headquartered in Birmingham, AL. It offers its customers a range of banking services, including deposit accounts, certificates of deposit, loans, credit cards, online banking, and mobile banking.
The company also offers treasury and cash management services to other financial institutions. The company is a bank holding company. But it also offers a variety of consumer and commercial loans, including mortgages, automobile loans, credit cards, and loans for residential real estate. Its products and services include mobile banking, Internet banking, and automatic account transfers.
Wealth management: Kimberly-Clark
Whether you’re looking for a reliable income stream or a defensive stock to protect your nest egg, Kimberly-Clark Corp (KMB) is one of the best retirement stocks to buy now. It offers a strong balance sheet, a reliable income stream, and a high dividend yield.
Kimberly-Clark offers consumers an extensive line of hygienic and consumer products. The company has grown from its humble beginnings as a paper mill in 1872 into a global leader in tissue and hygiene products.
Investing in Pepsi is a solid choice for your retirement portfolio. Pepsi is a world-class food and beverage company in North America, Europe, Asia, and Latin America. It owns several well-known brands, such as Pepsi, Frito-Lay North America, Gatorade, Doritos, Quaker Foods NA, and Mountain Dew.
It has a strong balance sheet with a substantial cash stockpile of $6.4 billion. In addition, the company has an A- credit rating, which protects rising interest rates.
The company’s revenue and profits have been steady during the economic downturn. Pepsi has reported revenue growth in the past five years at a CAGR of 5.7%. Pepsi also says a dividend payout ratio of 86%.
Wealth management: United Parcel Service
Having been around for almost a century, United Parcel Service (UPS) is a storied company. It’s an industry leader providing supply chains management services, such as transportation, ocean freight, and ground freight.
The company operates through three segments: Domestic Package, International Package, and Logistics. The logistics side includes ground freight, ocean freight, and contract logistics. The International Package segment comprises small operations in Latin America, India, and Asia Pacific.
The company’s most unique asset is its fleet of specialized trucks. This includes the largest fleet of alternative-powered vehicles in the world.
Clorox is among the top retirement stocks to buy now (NYSE: CLX). It is a leading maker of consumer products, including namesake bleach, Glad trash bags, and Pine-Sol cleaners. The company has a strong financial track record, a growing portfolio of brands, a strong payout policy, and an impressive dividend history.
In addition, Clorox has a very diverse workforce. About 80% of its net sales come from the U.S. As a result, the company’s international sales segment grew 14% from fiscal year ’20 to fiscal year ’21.
Among the best retirement stocks to buy today are semiconductor stocks. They have the potential to rise in the years to come. Moreover, semiconductor stocks move with the rest of the market. Besides, many of these stocks are highly undervalued.
Qualcomm has a significant presence in the smartphone market. Still, it plans to broaden its reach into the Internet of Things (IoT) device and non-phone markets. In particular, it intends to increase its chipmaking business in the automotive and non-handset IoT markets.
In fiscal 2020, the company expects to grow revenue by 15% and earnings by 22%. In fiscal 2022, analysts expect sales growth of 32% and earnings growth of 50%.
Founded in 2014, Veritiv Corporation is a North American provider of packaging materials and facility solutions. Veritiv’s products are used in various industries, including commercial printing, publishing, and healthcare. Its business model is to offer customers a complete supply chain management solution that includes logistics, printing, and hygiene products. The company serves customers in the United States, Canada, and Mexico.
Veritiv Corporation operates through four reportable segments: the Packaging segment, the Distribution, and Logistics segment, the Print, and Publishing segment, and the Supply Chain Solutions segment. Its product lineup includes rigid packaging, packaging materials, and equipment. Its distribution network comprises 125 U.S., Mexico, Canada, and Puerto Rico distribution centers.
Wealth management: McDonald’s
Whether you’re looking to build a portfolio for retirement or you’re looking to buy stocks for a long-term investment, the best McDonald’s retirement stocks to buy today have been holding up well during recent market weakness. They offer a high dividend yield, strong growth, and a stable income stream.
One of the world’s largest restaurant chains, McDonald’s has proven to be a world-class brand. It has consistently raised its dividends for over forty-five years. While the company isn’t as exciting as some of the younger fast food stocks, it still makes products people use every day. It’s also an easy company to manage, with its franchise model.
It’s also a solid business that continues to grow steadily. McDonald’s is expected to increase its operating cash flow by 14% annually in 2022 and 2023. In addition, it has a good pipeline of restaurants opening in the future.
Despite being a growth stock, Shopify SHOP (SHOP) has been a challenging year. Its stock is down a staggering 81% from its highs. Yet, despite the drop, the company reported better-than-expected earnings.
The company has a track record of innovation in the e-commerce industry. Shopify’s business model is to provide an online platform for businesses. It offers a variety of tools for companies to use, including management tools through its subscription plan. It also recently acquired the logistics firm Deliverr.
Shopify is the second-largest online retail company in the U.S., with a gross merchandise volume of $175 billion in 2021. It expects to grow its addressable market by 30% this year. It also has $7 billion in cash on its balance sheet. Shopify plans to further invest in its fulfillment network.