The latest and greatest recommendations from U.S. News Invested for the best stock buys right now.
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TODAY'S FEATURED STOCK STORY February was a mixed month for the stock market. Traders sought to build upon January's momentum as 2023 began on a more positive note. However, ongoing elevated inflation has cast doubt on the idea that the Federal Reserve is getting ready to declare victory in its war against higher prices.
Now, it seems, the Fed will be set to keep raising interest rates for longer than market participants had previously thought. That, in turn, is likely to put a cap on upside in the stock market for the time being. But it's not all bad news. The continued softness in various sectors of the market means that there's still a number of quality companies selling at attractive valuations today. These five stocks in particular hold appeal for March and the rest of 2023:
Union Pacific Corp. (ticker: UNP). Union Pacific is one of North America's largest Class I railroads. It has a particularly strong grip on traffic in the western U.S. Additionally, in the 1990s, Union Pacific was one of the first North American railroads to invest heavily in Mexico, and it owns over a quarter of one of that country's primary railroad operators. This all positions Union Pacific beautifully for the current wave of reshoring.
Eastman Chemical Co. (EMN). Eastman Chemical is a specialty chemical company. It came about as a spinoff from the once-powerful Eastman Kodak photography business. While Kodak has faded from view, Eastman Chemical evolved from film-related chemicals into a much broader and more diversified business. In doing so, shares have produced a nearly 1,000% total return for its stockholders since it was spun off back in 1993.
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Here are five of the best stocks to buy right now:
- Union Pacific Corp. (ticker: UNP)
- Eastman Chemical Co. (EMN)
- Tyson Foods Inc. (TSN)
- Vail Resorts Inc. (MTN)
- 3M Co. (MMM)
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