Investment: 7 Safe Stocks With High Quality Ratings
The combination of persistent inflation and aggressive interest rate hikes by the Federal Reserve has made 2022 a tough year for investors.
Here are seven stocks that analysts at CFRA Research think are safe and that also have A+ ratings from S&P Capital IQ.
UnitedHealth is the largest U.S. insurance provider. Analyst David Holt thinks UnitedHealth's expansion into new states could boost growth.
UnitedHealth Group Inc. (ticker: UNH)
Mastercard is the second-largest payment processor globally. David Holt believes Mastercard's diversification and scale help it navigate the economy.
Mastercard Inc. (MA)
Home Depot leads U.S. home improvement retail.Kenneth Leon thinks a housing shortage has pushed more Americans to stay put and engage in house improvements.
Home Depot Inc. (HD)
Accenture is a global IT services provider offering consultancy, technology, and outsourcing.
Accenture PLC (ACN)
Pool is a major dealer of pool equipment and irrigation goods.The company should benefit from a demographic shift to warmer climates, says analyst Zachary Warring.
Pool Corp. (POOL)
Snap-on makes tools and storage units for mechanics.Snap-tool on's segment is growing, says analyst Jonathan Sakraida.
Snap-on Inc. (SNA)
Watsco is the leading U.S. HVACR distributor.Watsco has near-term and long-term growth catalysts, says analyst Janice Quek.