Determining the best stock to buy now is never easy. It’s even more difficult when the economic outlook is cloudy and we’re still fighting a pandemic. However, keeping these factors in mind can simplify the stock picking process.
I like to buy stocks of companies that have been here for a long time. A company with competitiveness and excellent customer service. The kind of company you know has proved many times that they have the integrity and resources to maintain it, so you can stay away.
Two of the best stocks to buy now
A few FTSE 100 The stock comes to mind.Initially Unilever (LSE: ULVR), Because that brand name appears on many of the products I buy. The second is Diageo (LSE: DGE), An alcoholic beverage giant with an array of attractive brands under its flag. Both of these stocks have proven to be fairly resilient in the face of a pandemic and are well established with a loyal customer base. Best of all, I think they emerge from the post-Covid-19 world and are stronger and ready to grow.
Future growth potential
Unilever’s price-earnings ratio (P / E) was 21, raising dividends to achieve a yield of 3.6%. Unilever is a subsidiary that houses many of the household brands we use on a daily basis. comfort, Persil, And Hermanns..
Recent 20-year results show that underlying sales have increased by nearly 2%, less than analysts expected. Sales of the hygiene and laundry business increased, but sales of beauty and ice cream faced a blockade.
Unilever has also begun rationalization. Restructuring is expensive, but the company has a strong margin and global presence to sustain it.
Diageo doesn’t just sell alcohol. It touts these spirits in a fascinating way that ignites loyal supporters. What impressed me most about this company was Diageo’s advertising campaign. Through captivating images and clever storytelling, we have built the following brands: Johnnie Walker, Guinness, And Baileys To the iconic drinks they have today.
FTSE 100 My favorite Diageo has a price-earnings ratio of 49, earnings per share of 60 pence and a dividend yield of 2.5%. The company sells beverages worldwide and is strengthening its fan base, especially in North America.North American sales increased 12% in half a year result Until December 31st. This offset the decline in sales in other regions. Free cash flow increased 125% to £ 1.8 billion and the company raised its interim dividend by 2%. I think Diageo has growth opportunities as China and India are two major markets for Diageo and these regions are striving for affluence.
On the downside, Diageo is an expensive stock. If the pandemic is finally controlled, I think both Diageo and Unilever should be able to grow. Of course, the longer it takes to control a pandemic, the worse their financial impact will be.
I think it’s possible to make money from the stock market by choosing a quality company with growth potential and reinvestable dividends. That’s why I think Unilever and Diageo are one of the best stocks to buy now for my stocks and stock ISA.
Kirsteen does not have a position in any of the shares mentioned. The Motley Fool UK recommends Diageo and Unilever. The views expressed about the companies mentioned in this article are those of the author and may differ from the official recommendations made by subscription services such as Share Advisor, Hidden Winners, and Pro. Here at The Motley Fool, by considering different insights, Better investors than us.
I think these are the best stocks I can buy now to make money from the stock market
https://www.fool.co.uk/investing/2021/02/06/i-think-these-are-the-best-shares-i-could-buy-now-to-make-money-from-the-stock-market/ I think these are the best stocks I can buy now to make money from the stock market