Don't Panic -- Buy These Dividend Stocks Instead
The geopolitical conflict in the Middle East has pushed oil prices higher. High oil prices have investors worried about a global recession. If you are worried about the future, you might want to focus on reliable dividend stocks like (NYSE: CVX), Procter Gamble (NYSE: PG), and NextEra Energy (NYSE: NEE). Here's why.
Elevated oil prices are an immediate headwind to economic growth. They will also have a lingering effect, as energy prices work their way through the global supply chain. Investors are justified in their recession fears.
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Source Fool.com
Chevron Corp. Stock
€168.34
0.300%
The stock is one of the favorites of our community with 49 Buy predictions and 1 Sell predictions.
As a result the target price of 176 € shows a slightly positive potential of 4.55% compared to the current price of 168.34 € for Chevron Corp..
