Visa, Johnson & Johnson, AT&T Offer Income and Stability for Retirees
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Visa is a leading payment processor with a long growth runway. It avoids riskier lending activities, focusing solely on payment facilitation. This makes it an attractive stock for risk-averse investors.
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Johnson & Johnson is an operationally sound healthcare conglomerate with an impressive dividend history. Its pharmaceuticals segment continues to drive growth despite legal issues over talc powder.
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AT&T is an undervalued telecom stock that has strengthened its balance sheet after spinning off WarnerMedia. Concerns over interest rates and lead cables are overblown.
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All three stocks offer retirees an attractive combination of dividend income, moderate growth potential, and low volatility compared to the broader market.
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The stocks are poised to outperform in the new bull market as their strengths align well with the current economic environment.