Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

3 Stocks I Bought This Week

TheMotleyFool

0 0

3 Stocks I Bought This WeekPhoto, wide shot, wide-angle lens, Private equity firm, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/6a5872d8-cc25-46f8-b436-bf3db1953908.png

This past week was a very choppy period for the market. Concerns about the banking sector weighed on most stocks. Those fears could continue to grow, especially if more banks face troubles.

During times like this, I like to add to some of my highest conviction positions. I did that this past week, buying more shares of American Tower (NYSE: AMT), Brookfield Infrastructure Partners (NYSE: BIP), and NextEra Energy (NYSE: NEE). Here's why I increased my positions despite all the turmoil in the market.

American Tower is down nearly 30% from its 52-week high. That sell-off has driven the data infrastructure REIT's dividend yield to around 3%. It's near its highest level over the past decade:

Source Fool.com

Like: 0

AMT

Share