With market sentiment going bearish and markets pulling back, investors are looking at a number of things.
First, they are looking into viable stock and company options to invest their money in. Second, they are finding probable ways to balance their portfolios. Third, they are realizing how to go forth with bigger investments by putting their money into reasonable ones at the moment.
If you are amongst such investors, looking to invest in markets with pull backs, here are 4 companies you should consider.
Tencent Holdings Inc. (OTCM: TCEHY)
Tencent Holdings Inc. stock (OTCM: TCEHY) is priced at $58.27 at the exchange. In the last one year, the company stock rose and dropped, only to settle at $58 today.
A gaming, social media and Cloud Service Company in China, Tencent’s stock is lower by 42% from its earlier highs this year.
However, since the company has a high user base of 1.3 billion, it is still a good catch.
Tencent also has plans of moving in the overseas mobile game market, which is making it more attractive. Tencent will also be launching more fintech products ahead and will benefit from its cloud services.
Tencent stock, therefore, is a good investment today.
ConocoPhillips (NYSE: COP)
ConocoPhillips is a good dividend paying stock. It has a dividend yield of 2.9%, which is quite worthy.
Furthermore, the company also recently pledged a 10-year plan of limited investment, a promised comeback for shareholders and steady growth, which are signs of expansion and growth for the company itself. This is a good enough reason to invest in the company’s stock today.
ConocoPhillips (COP) will also be looking to invest to grow its production by almost 3% in a year in the next 10 years.
Conoco, therefore, is another good company to consider for it has a high dividend yield and is a remarkable dividend paying stock.
Schlumberger (NYSE: SLB)
Schlumberger (NYSE: SLB) is an energy services company. Though its stock is down by 28% from its earlier highs this year, it is still a good consider because of the industry it is part of. Schlumberger is a blue chip service company. It provides for energy producers.
One of the reasons why you should invest in Schlumberger stock is that its price will continue to rise with high economic growth and high energy prices.
Schlumberger has a 5-star rating from Preston Caldwell, a Morningstar analyst, which shows its high growth prospects.
Yum China Holdings (NYSE: YUMC)
Finally, Yum China Holdings (NYSE: YUMC) is another great consider among stock options in 2021. Though Yum stock is down by 23% from its earlier highs in 2021, it is still popular and will remain popular. Yum China’s business was quite affected in the pandemic but online sales helped it do quite well. Yum is a powerful brand with a lot to showcase and exhibit in the time to come as well.
With markets crashing, some stocks are better than others. If you are an investor looking to invest, the aforementioned stock options are viable choices.