1 Safe Stock You Can Buy Right Now
It's hard to find a stock that has something for everyone, especially in today's unpredictable market. But there is one stock that offers growth, value, and income, and is poised to outperform both during the pandemic and after: Target (NYSE: TGT).
The big-box retailer is a Dividend Aristocrat, and is cheaper on a price-to-earnings basis than the S&P 500. Yet it still offers substantial growth potential both in the near term and down the road -- especially after the company reported comparable sales growth of 24.3% in the second quarter, with a jump in sales both in stores and online, while adjusted earnings per share nearly doubled. Let's take a closer look at why Target looks like the perfect stock to help weather the rocky market environment and the uncertainty around the pandemic.
Image source: Target.
Source Fool.com
