Safest Stocks As The Market Goes To Hell (PG)(WMT)(CL)(MSFT)(MO)(XOM)

By Douglas A. McIntyre Updated Apr 28, 4:20AM EDT · Published Oct 6, 9:33AM EDT

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Angrybear_2 It appears that every stock in the market is being crushed, but that is not entirely so. Several companies in industries not likely to be badly by a deep recession are doing well, and should continue to do so.

Most of these companies also carry reasonable dividends.

As panic races through the markets, save yourselves if you can.

Procter & Gamble (PG) is not down that far from its 52-week high. It has a yield of 2.3% and people will buy razors and soap even if they are standing in bread lines.

McDonald’s (MCD) Where else can people eat for $1. Sports a 3.3% yield.

Wal-Mart (WMT) Everyday low prices now that the middle class have become poor.

Colgate-Palmolive (CL) Same reasons as PG. Yield at 2.1%.

Microsoft (MSFT) Near its lows, but a cash flow giant. Safest balance sheet in the world. Yield at 2% and CEO Steve Ballmer still wants to buy shares back.

Altria (MO) Market for coffin nails is not going away. Great balance sheet. Extraordinary cash flow. Yield over 6%.

Exxon Mobil (XOM) Shares may be low because of oil prices, but Exxon makes money even if crude hits $60. Yield at 2.1%

Douglas A. McIntyre

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Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.