McDonald’s
The legacy fast-food heavyweight is a solid pick regardless of which way the economy goes, and it is among the safest large-cap restaurant plays. McDonald’s Corp. (NYSE: MCD) operates and franchises McDonald’s restaurants in the United States and internationally.
The company’s restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and other beverages, as well as a breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes and other sandwiches.
Ninety-five percent of McDonald’s approximately 13,500 U.S. restaurants are owned and operated by independent business owners.
The dividend yield is 2.28%. Tigress Financial’s $330 target price compares with the $294.85 consensus target for McDonald’s stock. The final trade in Friday’s session was for $267.20.
Procter & Gamble
The company offers a very solid dividend and consumer staples that are always in demand. Procter & Gamble Co. (NYSE: PG) is one of the world’s largest consumer products companies and one of the oldest in the Fortune 500. Its many brands include Pampers, Tide, Bounty, Charmin, Gillette, Oral B, Crest, Olay, Pantene, Head & Shoulders, Ariel, Gain, Always, Tampax, Downy and Dawn.
The company sells its products through mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, baby stores, specialty beauty stores, high-frequency stores and pharmacies. The company has been very innovative in its product development process and uses that to help ensure future growth and cash flow. This should provide investors with years of steady growth and dividends.
Investors receive a 2.61% dividend. UBS’s price objective is $163. The consensus target is $155.02. Procter & Gamble stock closed at $142.93 on Friday.
These eight top stocks, while not the most exciting, are likely to withstand a vicious market crash. While they also would trade down if markets plummet, they likely would hold their ground better than volatile tech stocks and some other sectors. It may be somewhat comforting to know that investor Michael Burry of “Big Short” fame feels that we could put in a market bottom in a few weeks, based on how past banking crises have played out. That could also include a massive capitulation sell-off, so be careful.
Originally published at 24/7 Wall St.
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