Many firms have been aggressively diversifying their portfolios to protect themselves from the hazards connected with a single market segment. Despite this consolidation, many of these major companies have yet to master the stock market volatility that has wreaked havoc on whole investment portfolios in recent years. Manufacturing and industrial giants appear to be attracting smart money. The success of conglomerates as a distinct branch of the corporate world is difficult to track. This is why CEOs like Warren Buffett, Bill Gates, and Jeff Bezos run vast, diversified businesses. Only five major technological conglomerates currently account for more than 20% of the S&P 500 index. Amazon.com, Berkshire Hathaway, and General Electric Company are among the best diversified stocks to buy right now.
Here is Insider Monkey’s list of the 10 best diversified stocks to invest in. Icahn Enterprises L.P. is ranked tenth. Investment, energy, automotive, food packaging, metals, real estate, home fashion, and pharmaceuticals are among the company’s areas of interest. Seaboard Corporation is ranked ninth. The corporation is involved in agriculture and transportation. On August 3, Seaboard reported earnings for the second quarter, with a profit per share of $151.56. Carlisle Companies Incorporated is a diversified engineering and manufacturing company. It ranks eighth on the list of the top ten diverse stocks to buy. Loop Capital kept its Buy rating and boosted its price objective from $215 to $245. Crane Co. is ranked seventh. Engineered industrial items are manufactured and sold by the company. Crane Co. stock received a Buy rating from DA Davidson, with a price objective of $115 up from $110. 3M Company is ranked sixth. The corporation is involved in industrial, transportation, electronics, healthcare, and consumer goods. Financial advisory Argus gave the shares of 3M Company a Buy recommendation in July. For more details, click 10 Best Diversified Stocks To Invest In.
