Between June and September, the US economy grew at an annualized pace of only 2%. This is the weakest quarterly growth since the COVID-19 crisis began with a 31 percent drop. In August, the US trade imbalance reached a new high of $73 billion. Consumer expenditure increased at a slower pace of 1.2 percent in the third quarter, down 10% from the previous quarter. After the statistics were revealed, government bond yields rose, and the stock market reacted warily. T-Mobile US, Merck & Co., Inc., and Bristol-Myers Squibb Company are three of the greatest low-risk stocks to buy right now.
Here is Insider Monkey’s list of the 10 best low-risk stocks to buy now. Hormel Foods Corporation is considered one of the safest companies to buy. It has a long track record of paying out dividends. The company recently stated that it will collaborate with another meat manufacturer to develop a new plant-based meat product. In keeping with past years, the company issued a quarterly dividend of $0.58 per share. 3.78 percent was the forward yield. Kellogg Company announced quarterly profits in August, with earnings per share of $1.14. In the second quarter, The J. M. Smucker Company outperformed the market in terms of earnings per share and revenue. In recent weeks, fears about inflation have dominated headlines in the food business. The stock is expected to perform well in the future months, according to analysts. The recent conservative positioning in the market and the excellent value of food companies are expected to support General Mills, Inc. The decline in Treasury yields could possibly be a factor contributing to the firm’s overall optimistic sentiment. Verizon Communications Inc. is a profitable company with a solid business. The Naval District Washington awarded the business a $78 million task order. The company has also teamed up with Amazon to improve connections in rural areas around the United States. For more details, click 10 Best Low-Risk Stocks To Buy Now.
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