3 Great Stocks That Are Oozing Cash Flow
There are several financial metrics that long-term investors need to monitor in the holdings they already have and the ones they are considering. Cash flow matters because it gives companies the financial flexibility to improve the business by paying down debt, making acquisitions, or funding investments. Alternatively, it can return money to investors via share buybacks or dividends.
For example, oil major Chevron (NYSE: CVX), workflow technology specialist Trimble (NASDAQ: TRMB), and Google owner Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) are all set to generate a significant amount of cash flow in 2023. Here's why that makes these three attractive stocks to buy.
There are no prizes for guessing that Chevron's revenue tends to correlate with the price of oil over time, and that's likely to be the case for the foreseeable future.
Source Fool.com
