London, England, 2nd July 2021, ZEXPRWIRE – The Stock market can turn you into a billionaire and take you back to square 1 in no time. It is this unpredictable nature of the area which makes it risky and exciting at the same time. Many traders remain away from it while the risk-takers never hesitate to invest. Now that we are seeing the economy open after the deadly pandemic which led to the economic breakdown, we have picked 2 stocks for you that you can consider buying this July. Both Chevron and Brookfield Renewable Partners have been showing good performances recently and hence the NostraCapital Expert Analysts find them a good buy.
Chevron Corporation is an American Multinational Company which is based in the United States. The firm belongs to the oil industry and was founded in the year 1984 by Mr J.B. Maverick. Chevron is the United States largest oil company and has its headquarters in San Ramon, California, America.
The firm has a number of notable subsidiary companies such as Texaco, Noble Energy, etc. Chevron is world-famous for its wide range of lubricants, hydrocarbon production and exploration services, refining, transporting, marketing chemical manufacturing and power generation.
In the year 2019, the firm has total assets that were worth 237 billion US dollars and an operating income of 5.54 billion US dollars in the same year. In 2020’s March, the firm stood 15th in the Fortune 500 and had a yearly revenue worth 146.5 billion US dollars. It was also one of the 7 sisters which ruled the entire petroleum industry for a long time from the 1940s to the 70s. Their additives, petrochemicals and fuels are in large demand today.
Chevron had a dividend of 5.1% which was the highest in the Dow Jones Industrial Average (DIJA) and it successfully replaced ExxonMobil. It should be kept in mind that ExxonMobil was in the DIJA for nearly 100 years.
We cannot deny how the energy sector has shrunk a lot in terms of market cap but despite the harsh conditions, the company has managed to stand out easily because of the customer trust which has been built over years due to efficient and reliable products. The firm had a very rough 2020 because of the pandemic restrictions but now that the vaccine has come out we see that things are getting better for this company this year.
The experts say that the oil giant has successfully rebounded from the Covid damage and is now up to growth. In the period of 3 years, the price of West Texas Intermediate crude has crossed the $70 per barrel mark for the first time and this will be helping the firm’s margin. If you are looking for a high dividend stock then you can add this one to your watchlist.
Brookfield Renewable Partners
Brookfield Renewable Partners is an Ontario based firm that owns and operates renewable power assets. The publicly traded limited partnership company is headquartered in Toronto, Canada. 60% of the firm is owned by Brookfield Asset Management.
The corporation was founded in the year 2011 and has many prominent subsidiaries such as Saeta Yield and First Wind. Answers to questions like how big is the firm can be found by having a look at the competitors. Brookfield Renewable Partners is in completion with many mainstream companies such as
- DTE Energy (DTE)
- Eversource Energy (ES)
- PPL (PPL)
- Edison International (EIX)
- Fortis (FTS)
- Entergy (ETR)
It is ranked 3rd among the top 10 competitors. The rest can be seen from total assets, the number of employees, etc. In 2017, the firm had total assets that were worth 30.9 billion US dollars and has more than 2630 employees.
The firm has had a very good revenue graph for the last few years with a temporary decline last year but now things seem to be getting better for the company.
In 2018 the firm made revenue that was worth 3,032 million US dollars and this went up to a value of 4,076 million US dollars the next year. In 2020 the figure dropped a little to 3,938 million US dollars. Experts think that the company is now all set to make a comeback this year.
The company, Brookfield Renewable, has done a tremendous job creating value for its investors over the years. Since its inception, it has generated an average annual return of around 18%. The global leader when it comes to renewable energy has 8GW of hydropower projects ongoing and has also entered a long term power purchase agreement with many projects.
The quarterly and yearly reports of the firm and the plans of many companies to go renewable in decades to come, together suggest that it is and will continue being in sound financial health. This is why it can be considered as the next buy.
Disclaimer: Our content is intended to be used for informational purposes only.
It is very important to do your own research before making any investment based on your own personal circumstances.
You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.