5 top US stocks for retirees: EPD, UNH, LEG, UPS, CVX

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5 top US stocks for retirees: EPD, UNH, LEG, UPS, CVX

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 5 top US stocks for retirees: EPD, UNH, LEG, UPS, CVX
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Highlights:

  • Enterprise Products (NYSE: EPD) saw a net income of US$ 1.4 billion in Q2 2022.
  • UnitedHealth Group has a market cap of US$ 496.8 billion.
  • Leggett & Platt Inc. (NYSE: LEG) pays a quarterly dividend of US$ 0.44 per share. 

Disciplined savings over a period of time can come in very handy in enabling a comfortable retired life. This can be possible with long-term strategies and investment in the equity market. US stocks like Enterprise Products (NYSE: EPD), UnitedHealth (NYSE: UNH), Leggett & Platt (NYSE: LEG), etc. can be looked at to build a robust portfolio for retirement.

Let's look at these five stocks picked by Kalkine Media® and see their performances.

1. Enterprise Products Partners L.P. (NYSE: EPD)

Enterprise Products is known to transport and process natural gas, crude oil, NGL (natural gas liquids), refined products, and petrochemicals. The US$ 58.7-billion market cap firm pays a dividend of US$ 0.475 per share, which is distributed on a quarterly basis.

Shares of Enterprise Products gained 18.72 per cent on a year-to-date (YTD) basis. In the last six months, EPD stock surged over nine per cent.

Its shares were trading at US$ 26.91 at market close on August 29, with a share volume of 2,751,406. Its price-to-earnings (P/E) ratio is 12.12. 

For the second quarter of fiscal 2022, Enterprise posted a net income of US$ 1.4 billion on a fully diluted basis. While in the second quarter of 2021, its topline was US$ 1.1 billion.

The large midstream company said that its capital investments for the second quarter of 2022 were US$ 383 million, out of which US$301 million were for growth capital expenditures and US$ 82 million for sustaining capital expenditures.

2. UnitedHealth Group Inc. (NYSE: UNH) 

UnitedHealth Group (UHG), a healthcare and insurance company, pays a quarterly dividend of US$ 1.65, which is payable next on September 20.

On a year-to-date basis, UNH stock surged over five per cent. In the past six months, shares of UnitedHealth Group gained 11.21 per cent. It closed at US$ 529.77 on August 29, with a share volume of 1,594,143.

UNH stock reached its 52-week high price of US$ 553.29 on April 14, 2022, while it hit the lowest of US$ 383.12 on October 1, 2021.  

UnitedHealth has said that it donated an amount of US$ 1 million to non-profits to expand healthcare for underserved communities. In total, the company is said to have pledged US$ 11 million across 11 states.

UHG posted revenues of US$ 80.3 billion in its Q2 2022 financial results, which was a 13 per cent year-over-year (YoY) growth.

The Minnetonka, Minnesota-based company said that its earnings from operations grew 19 per cent YoY to US$ 7.1 billion.

3. Leggett & Platt Inc. (NYSE: LEG)

Leggett & Platt is known to design and produce engineered components and products for homes and automobiles. It has three main segments of the business - Bedding products, specialized products, flooring & textile products.

The Carthage, Missouri-based player distributes a quarterly dividend of US$ 0.44, which is set to be paid on October 10. The earnings-per-share (EPS) of the company is US$ 2.84.

In the past six months, shares of Leggett & Platt rose more than five per cent. However, on a YTD basis, LEG stock slumped over five per cent.

LEG touched its 52-week high of US$ 49.75 on August 30, 2021, while it fell to a 52-week low of US$ 33.19 on June 16, 2022.

Leggett & Platt’s Q2 2022 EBIT was US$ 143 million, which was a decrease of US$ 29 million from the year-ago quarter.

Leggett & Platt registered Q2 sales of US$ 1.33 billion, noting a five per cent growth YoY. Notably, though, the company lowered its 2022 guidance.

As per Refinitiv data, LEG stocks held an RSI (Relative Strength Index) value of 48.30 as of August 29.

Market valuation of Enterprise Products Partners, UnitedHealth Group Inc, Leggett & Platt Inc., United Parcel Service, Inc., Chevron Corporation

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4. United Parcel Service, Inc. (NYSE: UPS)

United Parcel Service, a century-old supply chain management firm, was founded way back in 1907. The Fortune 500 company is now one of the world's largest shipping couriers, with a market cap of US$ 171.36 billion.

UPS distributes a quarterly dividend of US$ 1.52. The next payable date is September 1, 2022. It has a P/E ratio of 15.85.

Shares of UPS rose 2.53 per cent on a YoY basis. UPS stock surged 1.83 per cent over the past month.

On August 8, UPS announced that it would acquire Multinational Healthcare Logistics Provider Bomi Group as part of its expansion plans.

In its second quarter 2022 financial results, United Parcel Service reported consolidated revenues of US$ 24.8 billion, which was up 5.7 per cent from the year-ago period.

Its consolidated operating profit was US$ 3.5 billion, noting an increase of 8.5 per cent from the previous year.

For its full-year 2022 targets, UPS said it expects consolidated revenue of about US$ 102 billion.

5. Chevron Corporation (NYSE: CVX)

Chevron, a multinational energy corporation, is one of the largest US oil companies, with a production capacity of 3.1 million barrels of oil equivalent in a day.

Chevron distributes a quarterly dividend of US$ 1.42 and has a P/E ratio of 10.98. 

CVX stock, trading at US$ 163.91 at market close on August 29, surged more than 38 per cent YTD. On a yearly basis, it saw a rise of 67.32 per cent.

For the second quarter of fiscal 2022, Chevron posted earnings of US$ 11.6 billion and adjusted earnings of US$ 11.4 billion. Chevron’s earnings in the second quarter of 2021 were US$ 3.1 billion.

The company said that it also completed the acquisition of Renewable Energy Group, Inc. in Q2 2022.

Chevron’s average sale price per barrel of crude oil and NGL in the second quarter of 2022 was US$ 89. 

Bottom line:

While planning for retirement, it is best to look at dependable stocks for investment and avoid speculative ones. Retirement stocks are meant for the long-term; hence, market turbulence can be irrelevant. Investors, nonetheless, should do a proper analysis before picking their stocks.

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