Buying These 3 Stocks Could Turn Your Stimulus Check Into an ATM

In the wake of the COVID-19 pandemic, the U.S. government has stepped into the breach, passing a $2 trillion spending package that, among other things, will put a stimulus check of $1,200 into the hands of many Americans, with even more earmarked for married couples and those with children.

That money will offer much-needed financial support for those who have been furloughed or are temporarily unemployed and a result of efforts to halt the spread of the coronavirus. That said, assuming you don't need the money for immediate expenses or to bulk up your emergency fund, investing it in income-generating stocks can help increase the impact of those funds even more.

Investors in a position to do so might want to consider three stocks that will help your stimulus check generate cash for years to come -- Verizon Communications (NYSE: VZ), Apple (NASDAQ: AAPL), and NextEra Energy (NYSE: NEE). Let's find out a little more about these three stocks and why they can boost your portfolio.

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Source Fool.com