I'm Putting My Cash Stockpile to Work on These 3 Stocks
The market's rebound last year led me to tap the brakes on new investments to start building up more cash in case the market took a breather. I sold a few losing positions while allowing my dividends and cash transfers to accumulate so that my cash position is now more than 5% of my portfolio's value.
I plan to put some of that cash stockpile to work in the coming weeks now that the market has cooled off to start 2024. (NYSE: CVX), Kenvue (NYSE: KVUE), and VICI Properties (NYSE: VICI) are among the first three stocks I plan to buy. Here's why they're at the top of my buy list.
Chevron is coming off a down year. The oil giant's stock has fallen about 20% over the last 12 months, weighed down by oil prices and its pending acquisition of rival Hess. However, that sell-off has Chevron trading at an attractive dividend yield (4.2%) and value (given the growth it can deliver at lower oil prices).
Source Fool.com
Chevron Corp. Aktie
Die Aktie ist derzeit ein absoluter Favorit unserer Community mit 26 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung.
Für Chevron Corp. sieht die Community ein Kursziel von 179 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 145.42 € bedeutet.
