Best Stocks to Buy in 11 Different Sectors

For the second week in a row, Mr. Ritholtz has not published his usual weekly summation which has been a regular feature every Friday (which I post on Sunday) for all the years I've been following his blog.  Needless to say, the biggest news is that with the Fed announcing that new rate hikes MIGHT be coming sooner than expected (first they said maybe 2023; on Friday Bullard said maybe even 2022!), the Dow dropped a thousand points between Thursday and Friday.  The good news: the only reason they're even considering it is because the recovery is going better than expected.  

The bonus this Sunday night is this week's edition of U.S. News Invested in which they publish their picks of the 11 best diversified stocks to be buying right now.  Have a good look and see what you think.  Hope everyone had a great weekend.  At least we got some good rains for a change.  

6-16-21 https://link.messaging.usnews.com/view/553a99403b35d0b73a8b72fbedtkc.d84/62c3c249

June 16, 2021 View in Browser   Invested Advice, rankings and stock market news for investors.

Good morning, investors. Sports betting stocks took a hit yesterday after short selling firm Hindenburg Research announced a short position in DraftKings. TODAY'S FEATURED STOCK STORY Best Stocks to Buy in 11 Different Sectors 2021 has been a year marked by shifting investment themes. Investors have gone into special-purpose acquisition companies, or SPACs, electric vehicle stocks, economic reopening plays, cryptocurrencies and more. That's all well and good, but this move to chase the latest new thing sometimes loses sight of the bigger picture. Ideally, an investor should build a diversified portfolio with exposure across a wide variety of industries and assets. While there will always be a hot trade, it's important to hold a solid core portfolio that can withstand all sorts of economic conditions. Analysts tend to divide up the market into 11 unique sectors. Here is a leading pick for each of these sectors that will make any portfolio more diversified and resistant to market shocks: 1. Communications Services: Facebook (ticker: FB) The company is becoming every bit as much of a digital communications monopoly as AT&T ever was with telephones back in the day. As if that weren't enough, Facebook has a huge upside option in virtual and augmented reality as well. 2. Consumer Discretionary: Home Depot (HD). Home Depot trades for just 21 times forward earnings and has grown earnings at 17% per year over the past five years. Those earnings should continue to rise given current economic conditions, offering a favorable outlook for the stock over the rest of the year. Click here to continue.

 

 

Best stocks to buy in each sector:

• Communications Services: Facebook (FB)
• Consumer Discretionary: Home Depot (HD)
• Consumer Staples: Clorox Co. (CLX)
• Energy: Canadian Natural Resources (CNQ)
• Financials: Wells Fargo & Co. (WFC)
• Healthcare: Johnson & Johnson (JNJ)
• Industrials: Emerson Electric Co. (EMR)
• Information Technology: Intel Corp. (INTC)
• Materials: Sherwin-Williams Co. (SHW)
• Real Estate: Public Storage (PSA)
• Utilities: Consolidated Edison (ED)