Here again is our wonderful nutshell list, courtesy of this week's U.S. News Invested, of all the best companies in all eleven market sectors. They've narrowed the list from 5,000 to 11. Happy hunting.
U.S. NEWS INVESTED
There are over 5,000 publicly traded stocks listed on major U.S. exchanges such as the New York Stock Exchange and Nasdaq. With so many stocks actively trading in 11 different sectors, choosing the right one to buy today can be a challenge. Ultimately, only you can determine which stocks are right for you. As a starting point, however, here is a list of one top stock from each of the 11 different GICS sectors: PPG Industries Inc. (PPG) Sector: Materials
Industry: Specialty chemicals Pittsburgh, Pennsylvania-based PPG is a $31.8 billion paint, coatings and specialty materials company that manufactures and sells industrial adhesives, sealants and coatings in North America, Latin America, Europe and other regions around the world. Although PPG is primarily a chemical company that's very prominent in plastics, paints and coatings, investors may be surprised to learn that it has a large and expanding presence in the software industry. Wall Street is predicting healthy revenue growth from PPG. Analysts are looking for $18.5 billion is revenue in 2024 and expect that to grow 3% to $19.1 billion in 2025. Emerson Electric Co. (EMR) Sector: Industrials
Industry: Machinery EMR has a market cap of $65 billion and has been experiencing excellent revenue growth for a company of that size. In 2023 the company took in $15.2 billion in revenue which represented a 9.9% increase over the previous year. Wall Street is looking for $17.5 billion in revenue in 2024. If EMR can reach that level it would be an increase of over 15%. Income investors will be encouraged to know that EMR is a member of the Dividend Aristocrats index and has increased its dividend payout every year for 27 consecutive years. The stock's current annualized dividend is $2.10 a share which equates to a yield of 1.8%.
| STOCK | SECTOR | INDUSTRY | | PPG Industries Inc. (ticker: PPG) | Materials | Specialty chemicals | | Emerson Electric Co. (EMR) | Industrials | Machinery | | Franklin Resources Inc. (BEN) | Financials | Asset management | | Exxon Mobil Corp. (XOM) | Energy | Oil and gas | | Lowe's Cos. Inc. (LOW) | Consumer discretionary | Home improvement | | International Business Machines Corp. (IBM) | Information technology | Technology services | | Comcast Corp. (CMCSA) | Communication services | Cable and satellite | | UnitedHealth Group Inc. (UNH) | Health care | Health insurance | | Colgate-Palmolive Co. (CL) | Consumer staples | Household products | | NextEra Energy Inc. (NEE) | Utilities | Electricity | | Essex Property Trust Inc. (ESS) | Real estate | Multifamily |
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