Top stocks for growth amidst stock market turbulence

fool.com

The stock market has experienced turbulence recently, creating uncertainty for investors. Many are worried that companies may not grow as fast as expected in the future. However, some companies continue to show strong growth prospects. Three stocks that stand out are Williams, Enbridge, and Waste Management. Williams is a major natural gas pipeline operator. Its business generates consistent cash flow through long-term contracts. The company is expanding its operations to meet rising gas demand, with several projects expected to be completed by the end of the decade. Williams aims for its earnings to grow by 5% to 7% each year. It also offers a strong dividend yield of 3.5%, which has been growing steadily since 2020. Enbridge operates in the midstream sector and is investing around $16 billion in new and upgraded assets through 2029. This investment should produce reliable cash flows. Enbridge expects to self-fund these growth plans, with around $6 billion available annually. The company has a strong dividend yield of about 6% and has a history of increasing its dividend for 30 consecutive years. Enbridge anticipates growth in its distributable cash flow, which would boost dividend growth as well. Waste Management is a leader in waste collection and recycling. Its business is stable and generates steady cash flow, even in challenging economic times. The company recently made a significant acquisition in the healthcare sector, which is expected to drive future growth. Waste Management projects its revenue will grow by 16.4% in 2025, with a portion coming from acquisitions. It has also announced a 10% increase in its dividend for 2025, marking the 22nd year of dividend growth. This makes Waste Management a solid stock to consider during market volatility.


With a significance score of 1.7, this news ranks in the top 67% of today's 18188 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.


loading...