3 Stocks You Don't Have to Babysit
If you choose the right stocks, you can sit back and let the companies do all the work while you pay more attention to other things like living your life. But you have to be picky -- selecting stocks and industries that don't require a lot of babysitting. Three stocks that will let you work on your golf game, or whatever else you'd like to spend your time doing, are midstream giant Enterprise Products Partners L.P. (NYSE: EPD), trash hauler Waste Management, Inc. (NYSE: WM), and even precious-metals company Franco-Nevada Corp. (NYSE: FNV).
Enterprise Products Partners is in the oil and gas transportation business. Don't worry about that, however, because it avoids all the ups and downs of energy prices by focusing on collecting tolls. It's one of the country's largest midstream energy partnerships, with a massive collection of pipelines, storage, processing facilities, and a fleet of ships. These are the businesses that get oil and gas from where they're drilled to where they get used and are largely fee-based operations. It's demand for energy that matters.
Image source: Getty Images.
Source: Fool.com
Waste Management Inc. Stock
Our community is currently high on Waste Management Inc. with 3 Buy predictions and 0 Sell predictions.
With a target price of 215 € there is a slightly positive potential of 10.45% for Waste Management Inc. compared to the current price of 194.66 €.
