This remains a top Wall Street energy pick and is down over 15% in the past month. Exxon Mobil Corp. (NYSE: XOM) is the world’s largest international integrated oil and gas company. It explores for and produces crude oil and natural gas in the United States, Canada, South America, Europe, Africa and elsewhere.
The company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and specialty products, and it transports and sells crude oil, natural gas and petroleum products.
For 75 years in a row, Exxon has raised its dividend on a split-adjusted basis. Thanks to the company’s vertically integrated model in the oil and gas business, its profitability doesn’t suffer through commodity price swings like a company that’s a pure play in one segment of the value chain.
Shareholders are paid a 4.13% dividend. The consensus target price is $86.36. The stock closed most recently at $74.61, in a 52-week trading range of $72.67 to $89.30.
General Mills Inc. (NYSE: GIS) is the world’s ninth-largest producer and marketer of packaged food and the fifth-largest in the United States. The company’s 13 divisions compete in over 20 food categories, supplying products to all manner of retailers, along with food distributors, restaurants, bakeries and vending machine operators.
The company reported solid earnings for their fiscal third quarter of 2018, but higher input prices could temper margins going forward. The stock remains a safe play for total return accounts.
Investors in General Mills receive a nice 4.35% dividend. The consensus price objective is $55.39, and shares ended last week at $45.06 apiece. The 52-week trading range is $43.96 to $60.69.
Kraft Heinz Co. (NYSE: KHC) is the third-largest food and beverage company in North America and the fifth-largest food and beverage company in the world, with eight $1 billion or more brands. The company’s iconic brands include Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.
Shareholders are paid a 4.01% dividend. The consensus target price is $81.23. The shares closed most recently at $62.29, in a 52-week trading range $59.95 to $93.88.
Simon Property Group Inc. (NYSE: SPG) invests in the real estate markets across the globe. It engages in investment, ownership, management and development of properties. It primarily invests in regional malls, premium outlets and community/lifestyle centers to create its portfolio.
Through its subsidiary partnership, it owns or has an interest in about 230 properties in the United States and Asia. The company also has a 28.9% interest in Klepierre, a European REIT with over 260 shopping centers in 13 countries.
Shareholders receive a 4.76% dividend. The consensus price target on Wall Street is $186.24. The shares ended trading last week at $154.35. The 52-week trading range is $147.28 to $176.17.
This is a top telecommunications company and has had among the worst performing Dow Jones industrial average stocks for much of this year, with shares down over 10%. Verizon Communications Inc. (NYSE: VZ) is a global leader in delivering the digital world. Verizon Wireless operates America’s self-described most reliable wireless network, with 109.5 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and it delivers integrated business solutions to customers worldwide.
Verizon posted solid fourth-quarter results and remains a safe and solid growth and income play.
The dividend yield is 4.9%. Wall Street has a consensus price target of $55.96. The stock closed at $47.82, in a 52-week trading range of $42.80 to $54.77.
These are eight solid picks, not only the second quarter but the rest of 2018. While the economy should do well, we can also count on continued higher volatility as numerous extenuating factors remain in the news.
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