HomeLifestyleRetailIn For A Year-End Rally? Stock Picks: CVX, TGT
In For A Year-End Rally? Stock Picks: CVX, TGT

"I am optimistic that the market may have bottomed and we can finish the year strong. Seasonally the stock market is up November to May 75% of the time. My stock picks are Chevron (CVX) and Target (TGT). The CVX stock price may move higher as sanctions on Russia crude oil take effect on December 5th. It is safe to assume oil remains steady. The CVX yield is 3% and Warren Buffett is still accumulating. Also, TGT stock has been hit hard this year and may be set to rebound. I expect holiday sales to be solid and the consumer to spend despite inflation. Target raised their dividend by 20% earlier this year. Partnerships with Apple and Ulta should help boost sales," says Andrew Arons.

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09 Nov 2022

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