3 No-Brainer Stocks to Buy and Hold for the Rest of 2024 and Beyond
The stock market enjoyed a strong first half. The S 500 rallied nearly 15%, powered in part by growing optimism that the Federal Reserve will begin cutting rates this year.
Falling rates are one of the many catalysts ahead that could give stocks the power to rally in the back half of the year and beyond. Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A), and NextEra Energy (NYSE: NEE) stand out to a few Fool.com contributors for their compelling total-return potential these days. Here's why they look like no-brainer buys heading into the second half of 2024.
Reuben Gregg Brewer (Brookfield Renewable): Right now the story with Brookfield Renewable is its dividend yield, which is 4.7% or so for the corporate share class and an even higher 5.5% for the partnership version. That disbursement has been increased regularly and within Brookfield Renewable's target range of 5% to 9% growth each year. The whole company, meanwhile, is backed by Brookfield Asset Management, a Canadian asset manager with a successful history of investing in infrastructure on a global scale.
Source Fool.com