The stock markets rallied during the last few weeks. That’s a good thing for the global economy’s recovery. However, it also means that share prices, which were extremely low due to the crisis, will skyrocket again. If you want to grab good stocks for a low price, you still have a chance. Wall Street analysts recommend several futures, which are a strong-buy this month.
Raytheon Technologies, Crown Castle, or iShares?
Let’s begin with a real estate investment trust – Crown Castle International. The name sounds serious, and well, considering this company owns more than 40,000 cell towers across the U.S., we can safely say that they aren’t joking around. Crown Castle is focused on the ownership, operation, and leasing of towers. Therefore, its infrastructure will be absolutely vital for the multiyear rollout of 5G technology.
The stock pays a 2.8% dividend, and its shares are up 21% to date this year. According to forecasts, it may gain more in the future.
On the other hand, Raytheon Technologies is an aerospace and defense company. It was formed after a merging of Raytheon and United Technologies. This stock yields 2.9%, and Raytheon uses 61% of earnings to finance it. The company is a member of the dividend aristocrats. It has raised its payout for 26 straight years.
While commercial flights are still delayed due to the pandemic, and it will be some time while they renew to the past rate, it doesn’t hinder the company much. Raytheon’s intelligence and space program, as well as its defense and missiles segment, ensure profit. This company is also one of the most well-diversified in its industry. It had a record backlog of $51.3 billion at the end of the first quarter of 2020.
iShares also get a Buy rating for this month. This company uses a methodology by which it invests in some of the traditionally less volatile U.S. futures. It’s technically an exchange-traded fund. iShares seeks to capture less of the downside in stock market sell-offs. This way, it can maintain exposure to the market and reduce the risk slightly along the way.