With the 2016 presidential election now less than three weeks away, a number of traders are trying to determine who will win the election and which stocks could benefit.
However, another segment of the investing world is looking to avoid any election drama one way or the other. Instead of looking for stocks that could rise or fall depending on the outcome, these investors are looking for solid investments that will likely not be impacted regardless of which candidate wins.
Here’s a look at five election-proof stocks to consider.
5 ‘Safe’ Bets Come November 9
1. EOG Resources Inc EOG 1.02%.
In the second debate, both candidates discussed their energy plans, and both specifically mentioned natural gas as one of the centerpieces of the future U.S. energy industry. Barclays recently named EOG as its top natural gas stock pick.
2. Procter & Gamble Co PG 0.3%.
Regardless of who wins the election and what it does to the country, people will still need deodorant, soap and toilet paper. Proctor & Gamble is one of the biggest blue chip consumer staples stocks in the market, and it also pays a generous 3.1 percent election-proof dividend.
3. Kroger Co KR 0.77%.
And where do people go to buy their deodorant, soap and toilet paper? The election outcome will likely have little impact on people’s grocery shopping, which is good news for Kroger investors.
4. Blue Buffalo Pet Products Inc BUFF 0.72%
No matter how bad or good things get in Washington, most people’s furry friends still get the same serving of the same dog or cat food every single day. Blue Buffalo investors care…
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