The market's rebound last year led me to tap the brakes on new investments to start building up more cash in case the market took a breather. I sold a few losing positions while allowing my dividends and cash transfers to accumulate so that my cash position is now more than 5% of my portfolio's value.

I plan to put some of that cash stockpile to work in the coming weeks now that the market has cooled off to start 2024. (NYSE: CVX), Kenvue (NYSE: KVUE), and VICI Properties (NYSE: VICI) are among the first three stocks I plan to buy. Here's why they're at the top of my buy list.

Chevron is coming off a down year. The oil giant's stock has fallen about 20% over the last 12 months, weighed down by oil prices and its pending acquisition of rival Hess. However, that sell-off has Chevron trading at an attractive dividend yield (4.2%) and value (given the growth it can deliver at lower oil prices).

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Source Fool.com