3 Best Stocks for an Old Bull

Stocks & Bonds

3 Best Stocks for an Old Bull

Wring all the gains you can out of an aging bull market with stocks that balance growth and yield.

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Companies in sectors that balance growth and yield, such as information technology, industrial and materials firms, are well-positioned to take advantage of current market conditions, say analysts at Bank of America Merrill Lynch. With that in mind, a few stocks to consider:

IT consulting and services firm Cognizant Technology Solutions (CTSH, $72) is ramping up its highly profitable digital business, which helps clients with cloud computing, analytics and cybersecurity. Customer contracts tend to be long-term, leading to steady cash flows and a solid balance sheet.

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A strong economy should help FedEx (FDX, $221), which recently extended its ground shipping operation to six days a week, year-round. The company’s recent investments in technology have made the firm’s package sorting more efficient.

Chemicals firm Ashland Global Holdings (ASH, $75) produces solvents and resins, as well as specialty ingredients used in paints and other products. Ashland has boosted sales and profitability this year in the specialty-ingredients business, which accounts for about two-thirds of overall revenue.