Which Stock is the Best Buy Now?

The stock market is reacting to current economic conditions, but there are still some great stocks to buy right now. Devon Energy (DVN), UGI Corporation, Atlassian, Tractor Supply Company, Cardinal Health (CAH), DraftKings, Eli Lilly (LLY), Exxon (XOM), and Neurocr

Which Stock is the Best Buy Now?

The stock market is reacting to the current economic climate, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite Index all falling by more than 16%, 21%, and 30%, respectively. Investors who are looking for a reliable source of income may be wondering which stock is the best buy right now. Devon Energy (DVN) is a great option for income investors. The company has been paying strong dividends to investors for the past 29 years, even when oil and gas prices have been low.

Recently, OPEC announced plans to boost oil production, causing DVN's stock to drop by 33%. However, investors can still count on consistent dividend payments from DVN, with a respectable dividend yield of 3%. UGI Corporation is another great option for income investors. The company has been paying dividends to investors for 138 years and has increased its dividend payments for the past 35 consecutive years.

UGI also reported impressive growth metrics in its most recent quarter, with revenue growth of more than 34%, net revenue growth of more than 90%, diluted earnings growth of more than 85%, and profit growth. Atlassian is a software company that specializes in collaboration and productivity tools. The company has seen strong growth in recent years and its stock price has nearly doubled in the past 12 months. This indicates that investors are expecting Atlassian's growth to continue.

Tractor Supply Company is a holding company that owns and operates a network of stores that sell a variety of products for outdoor activities, gardening, and home improvement. The company has a strong presence in the US and Wedbush recently raised its price target for Texas Roadhouse shares from 95 to 98%. Cardinal Health (CAH) is another great option for income investors. CAH is part of the highly defensive wholesale drug and supply industry and has defended its position as a less volatile growth stock.

The company's stock has fallen along with the S&P 500 in recent months, making it an attractive option for long-term investors. DraftKings shares have also risen recently amid speculation that the sports betting site could partner with Disney's ESPN. Biotechnology stocks are currently showing strength and industrial stocks rank seventh among 197 groups tracked by IBD. Impulse investing is a factor-based investment strategy that involves investing in stocks whose prices have risen faster than the market as a whole. Eli Lilly (LLY) shares are currently in a flat buying zone after having previously surpassed an ideal buying point of 335.43 according to an analysis by MarketSmith.

LLY shares are also seen as the best way to analyze upcoming data from rival Biogen (BIIB) in the treatment of Alzheimer's disease. Exxon (XOM), Neurocrine Biosciences (NBIX), Cardinal Health (CAH), Texas Roadhouse (TXRH), and Eli Lilly (LLY) are all great stocks to buy right now. However, these stocks may not be the best options for investors who don't yet have established, diversified portfolios. Energy stocks are still cheap and underutilized compared to the general market and pay some of the highest dividends you'll find.

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