- Woolworths Group runs more than 1,000 supermarkets and food stores across Australia.
- Woodside Petroleum has stakes in several notable oil exploration and production projects.
- Telstra has been continuously expanding its footprints into the technology space in recent years with forays into the cloud storage business.
When it comes to making a robust portfolio, which can withstand the market’s volatility and extreme selling pressure that comes once in a while, a judicious mix of strong companies is a must. The fundamentally strong businesses not only provide stable returns but also help to minimize the overall volatility of the portfolio.
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However, with more than 2000 listed companies on the ASX, it is a tedious job to screen out a handful of these robust companies. To make the job easier, we bring you three such companies that have stood the test of time and are ideal candidates for a portfolio of fundamentally strong stocks.
- Woolworths Limited (ASX:WOW)
Woolworths Group is a Bella Vista-based retail company. The firm runs more than 1,000 supermarkets and food stores across Australia and has operations in New Zealand as well. The supermarket giant also markets and sells branded beverages and runs more than 334 hotels. Woolworths stock has returned more than 16% to investors over the past year. It also has its hotel division which offers leisure and hospitality services, as well as entertainment and gaming.
The WOW share price is trading 0.34% down, at AU$41.33 (as of 11:09 AM AEST), after marking the highest level of AU$41.69 since 29 April 2021.
- Woodside Petroleum Limited (ASX:WPL)
Woodside Petroleum is a Perth-based oil company founded in 1954. The company markets liquefied petroleum gas, pipeline natural gas, liquefied natural gas, condensate, and crude oil. It has stakes in many notable oil exploration and production projects, including the Senegal, North West Shelf, Greater Browse, Greater Pluto, Greater Exmouth, Canada, Greater Scarborough Greater Sunrise, Myanmar project, and Wheatstone among others.
With a market capitalisation of over AU$20 billion, it is the largest independent oil and gas producer in the country.
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The WPL share price is trading 0.6% up, at AU$21.74.
- Telstra Corporation Limited (ASX:TLS)
Telstra Corporation Limited is a Melbourne-based telecommunications firm. It was founded in 1975 and is one of the largest firms in Australia and markets voice, mobile, internet access, pay television and other products in addition to the telecom services. TLS share has returned almost 12% to investors over the past year. The company has been continuously expanding reach into the technology space in recent years with forays into the cloud storage business and has a bright future on the back of 5G network it has rolled out in the past.
The TLS share price is trading down by 0.15%, at AU$3.43, which is very close to its YTD high of AU$3.58.