If a Stock Market Crash Is Coming, History Says These 3 Industrial Stocks Are the Best Move
These industrial stocks have a lot going for them -- and meaningful dividend yields, too.
If you are concerned about an impending stock market crash, there are certain industrial stocks that may be worth considering. Waste Management (WM), Lockheed Martin (LMT), and Stanley Black & Decker (SWK) are three industrial companies that could potentially benefit during a market downturn. Waste Management collects trash and recycling, a service that remains in demand regardless of the economic climate.
The company has recently acquired Stericycle, a major collector of medical waste, which expands its reach. Waste Management's revenue and cash flow have increased over the past quarters, and it offers a dividend yield of 1.8%. Lockheed Martin, a major defense company with a $117 billion market value, also provides a dividend yield of 2.7%.
The company's revenue grew by 11% year over year, and it has a record backlog of $230 billion. Stanley Black & Decker, a dividend-paying company with a 3.8% yield, has been strengthening its financial position by paying down debt and cutting costs. Its valuation appears attractive with a forward-looking price-to-earnings ratio of 14.
These industrial stocks may offer a margin of safety in the event of a market crash, providing stability to a portfolio.
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