Got $5,000? These 3 Industry Stalwarts Are Trading Near Their 52-Week Lows

A good way to diversify your portfolio is to invest in companies in different industries. And if you want to minimize your risk, a good option is to consider investing in industry leaders. Their strong positions in their respective industries can ensure that you're investing in safe businesses with proven track records.

And now may be a great time to do so as there are some excellent stocks trading near their 52-week lows. If you've got $5,000 you can afford to invest, three stocks to consider right now are UnitedHealth Group (NYSE: UNH), Bank of America (NYSE: BAC), and Verizon Communications (NYSE: VZ).

Health insurer UnitedHealth Group is an excellent investment, whether your focus is on dividend income or long-term growth. The stock's dividend yield of 1.4% may appear underwhelming (the S 500 average is 1.7%), but the company has raised its payouts by a whopping 676% over the past decade. That means while a $5,000 investment today may only net you $70 in dividend income over a full year, it could bring in much more the longer you hold on to the healthcare stock. 

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Source Fool.com