Top 5 Safest Stocks To Own For 2023


One day many years ago, I found myself stuck in traffic and noticed a peculiar sign. It said something about the construction that was going on — the very thing that was hampering my commute.

It said all this construction was being funded by a bond. This was before I had ever started my career in finance, so bonds were an unfamiliar thing. But when I began my investment career, I soon realized that I could actually invest in these things. And the more I learned, the more I was ecstatic.

After all, If you can’t beat ’em, might as well make money off them…

You see, these types of bonds have a name — general obligation bonds — a type of municipal, or “muni” bond for short. These bonds are used for everything from helping fund road construction to building schools, bridges, water infrastructure and other public buildings. As I became more familiar with municipal bonds, I quickly became a fan. In fact, in my experience, muni-bonds are one of the safest ways for investors to earn income in today’s market — while also beating the tax man. (More on that in a moment.)

Top 5 Safest Stocks To Own For 2023: Enphase Energy, Inc.(ENPH)


Enphase Energy, Inc., incorporated on March 20, 2006, is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic (PV) industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level. The Company offers microinverter systems to the residential and commercial markets in the United States, Canada, the United Kingdom, France, the Benelux region, certain other European markets, Australia and New Zealand.


The Company’s microinverter system consists of three components: Enphase microinverters, an Envoy gateway and Enlighten cloud-based software. The Company’s Enphase microinverters provide power conversion at the individual solar module level by introducing a digital architecture that incorporates custom application specific integrated circuits (ASIC), specialized power electronics devices, and an embedded software subsystem. The Company’s Envoy bi-directional communications gateway is installed at the system location and serves as a hub providing collecting and sending data to Enlighten software, and receiving and distributing microinverter firmware or software updates, thus increasing system availability and providing ongoing utility compliance.


The Company’s Enlighten cloud-based software provides the capabilities to remotely monitor, manage, and maintain an individual system or a fleet of systems. The software collects and analyzes system performance information to enable owners and operators to realize the performance of their solar PV system. The two versions of the monitoring software include MyEnlighten, which is designed for the typical system owner, provides performance assurance, and Enlighten Manager, which is available for the solar professional, provides detailed diagnostic capabilities, as well as fleet management tools.


The Company competes with SMA Solar Technology AG, Fronius International GmbH, ABB Ltd. and SolarEdge Technologies, Inc.

Advisors’ Opinion:

  • [By ]

    For example, a couple years ago, my screens showed that Enphase Energy (Nasdaq: ENPH) was boasting strong relative strength. We quickly added it to the portfolio, and shares didn’t disappoint…

  • [By Tezcan Gecgil]

    While the shares have returned 27% over the past year, they are currently down 1.5% YTD. CWEN stock trades at 23.64 times forward earnings and 2.98 times current sales. Any potential decline below $30 would make the shares more attractive.


    Enphase Energy (ENPH) Source: IgorGolovniov / Shutterstock.com

    52 week range: $65.41- $229.04

  • [By Alex Sirois]

    Renewable Energy Group stock certainly fits that bill. 

    Enphase Energy (ENPH) Source: IgorGolovniov / Shutterstock.com

    A cursory glance at the price chart of Enphase Energy throughout 2021 points, again, to a buy-the-dip opportunity. ENPH stock prices have risen steadily out of a trough in May, going from $114 to $164 currently. Share prices were well above $200 in early 2021. The good news is that ENPH shares are currently riding upward momentum. That momentum should continue based on its July 27 earnings report.

  • [By Tezcan Gecgil]

    The top 10 holdings account for around half of the fund. Among the leading names are the home energy solutions manufacturer Enphase Energy (NASDAQ:ENPH), residential solar systems Sunrun (NASDAQ:RUN), PV Solar solutions First Solar, electric vehicle (EV) leader Tesla (NASDAQ:TSLA), and hydrogen fuel cell solutions developer Plug Power (NASDAQ:PLUG). The market has been paying close attention to many of these names and their product offerings.

Top 5 Safest Stocks To Own For 2023: Farmer Brothers Company(FARM)


Farmer Bros. Co. engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products. Its product line includes roasted coffee; liquid coffee; and coffee related products, such as coffee filters, sugar and creamers, assorted teas, cappuccino, cocoa, spices, gelatins and puddings, soup, gravy and sauce mixes, pancake and biscuit mixes, and jellies and preserves. The company distributes its products through direct and brokered sales to institutional foodservice establishments, including restaurants, hotels, casinos, hospitals, and foodservice providers, as well as retailers, such as convenience stores, coffee houses, general merchandisers, private label retailers, and grocery stores in the United States. Farmer Bros. Co. was founded in 1912 and is headquartered in Torrance, California.


Advisors’ Opinion:

  • [By Motley Fool Transcribers]

    Farmer Brothers Co  (NASDAQ:FARM)Q2 2019 Earnings Conference CallFeb. 11, 2019, 5:00 p.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Ethan Ryder]

    Farmer Bros Co (NASDAQ:FARM) CEO Michael H. Keown sold 23,333 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $28.03, for a total transaction of $654,023.99. Following the completion of the transaction, the chief executive officer now directly owns 68,405 shares of the company’s stock, valued at approximately $1,917,392.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

  • [By Motley Fool Transcribing]

    Farmer Brothers (NASDAQ:FARM) Q4 2018 Earnings Conference CallSep. 11, 2018 5:00 p.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Trey Thoelcke]

    If Coca-Cola intends to stay focused on coffee for the time being, perhaps Farmer Bros. Co. (NASDAQ: FARM) could be a potential target. This distributor of coffee and other beverage and food products sports a market cap near $500 million.

Top 5 Safest Stocks To Own For 2023: BP Prudhoe Bay Royalty Trust(BPT)


BP Prudhoe Bay Royalty Trust, incorporated on February 21, 1989, is a grantor trust. The property of the Trust consists of an overriding royalty interest (the Royalty Interest), and cash and cash equivalents held by the Trustee from time to time. The Royalty Interest entitles the Trust to a royalty on approximately 16.42% of the lesser of first approximately 90,000 barrels of the average actual daily net production of crude oil and condensate per quarter from the working interest of BP Alaska, in the Prudhoe Bay oil field located on the North Slope in Alaska or the average actual daily net production of crude oil and condensate per quarter from that working interest. The Prudhoe Bay field is one of four contiguous North Slope oil fields that are operated by BP Alaska and are known collectively as the Prudhoe Bay Unit.


The Royalty Interest is a non-operational interest in minerals. The Prudhoe Bay field is located on the North Slope of Alaska, approximately 250 miles north of the Arctic Circle and over 650 miles north of Anchorage. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains over 150,000 gross productive acres. Approximately 45% of the acreage within the field is subject to the Royalty Interest granted to the Trust by the Conveyance. The principal hydrocarbon accumulations at Prudhoe Bay are in the Ivishak sandstone of the Sadlerochit Group at a depth of 8,700 feet below sea level. The Ivishak is overlain by approximately four minor reservoirs of varying extent, which are designated the Put River, Eileen, Sag River and Shublik (PESS) formations. Underlying the Sadlerochit Group are the oil-bearing Lisburne and Endicott formations. The net production allocated to the Royalty Interest pertains only to the Ivishak and PESS formations, collectively known as the Prudhoe Bay (Permo-Triassic) Reservoir. The oil produced from the Prudhoe Bay (Permo-Triassic) Reservoir is a medium grade, low sulfur crude. The Royalty Interest is based upon oil produced from the oil rim and condensate produced from the gas cap, but not upon gas production or natural gas liquids production stripped from gas produced.


Advisors’ Opinion:

  • [By Shane Hupp]

    Blockport (CURRENCY:BPT) traded 9.9% higher against the U.S. dollar during the one day period ending at 13:00 PM Eastern on February 16th. One Blockport token can currently be bought for approximately $0.12 or 0.00003224 BTC on popular cryptocurrency exchanges including Kucoin and IDEX. Blockport has a market cap of $6.19 million and approximately $329,352.00 worth of Blockport was traded on exchanges in the last 24 hours. In the last seven days, Blockport has traded up 8.2% against the U.S. dollar.

  • [By Dan Caplinger]

    Sometimes, though, you can have too much of a good thing. Dividend stocks with top dividend yields come with special risks, and although that doesn’t guarantee that you’ll get burned, the chances of a setback are greater. Below, I’ll look at BP Prudhoe Bay Royalty Trust (NYSE:BPT), CenturyLink (NYSE:CTL), and Annaly Capital Management (NYSE:NLY) to explain why their yields are so high and what dangers could lurk beneath the surface.

  • [By Stephan Byrd]

    Blockport (CURRENCY:BPT) traded 3.2% higher against the U.S. dollar during the 24 hour period ending at 20:00 PM Eastern on October 5th. Over the last week, Blockport has traded 21.8% higher against the U.S. dollar. Blockport has a total market capitalization of $5.67 million and $62,493.00 worth of Blockport was traded on exchanges in the last day. One Blockport token can currently be purchased for approximately $0.11 or 0.00001620 BTC on major exchanges including Kucoin and IDEX.

  • [By Joseph Griffin]

    Blockport (CURRENCY:BPT) traded up 1.6% against the dollar during the twenty-four hour period ending at 9:00 AM Eastern on September 17th. One Blockport token can now be purchased for approximately $0.0832 or 0.00001291 BTC on major exchanges including Kucoin and IDEX. Over the last week, Blockport has traded 5.8% higher against the dollar. Blockport has a market capitalization of $4.40 million and $23,852.00 worth of Blockport was traded on exchanges in the last 24 hours.

Top 5 Safest Stocks To Own For 2023: Bel Fuse Inc.(BELFB)


Bel Fuse Inc. designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military, aerospace, transportation and broadcasting industries. Bel’s portfolio of products also finds application in the automotive, medical and consumer electronics markets.
With over 65 years in operation, Bel has reliably demonstrated the ability to succeed in a variety of product areas across a global platform. The Company has a strong track record of technical innovation working with the engineering teams of market leaders. Bel has consistently proven itself a valuable supplier to the foremost companies in its chosen industries by developing cost-effective solutions for the challenges of new product development.   Advisors’ Opinion:

  • [By Motley Fool Transcribing]

    Bel Fuse (NASDAQ:BELFB) Q4 2018 Earnings Conference CallFeb. 21, 2019 11:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on Bel Fuse (BELFB)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Logan Wallace]

    Bailard Inc. boosted its holdings in Bel Fuse, Inc. (NASDAQ:BELFB) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,563 shares of the electronics maker’s stock after purchasing an additional 5,900 shares during the quarter. Bailard Inc.’s holdings in Bel Fuse were worth $452,000 at the end of the most recent quarter.

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Bel Fuse, Inc. Class B (BELFB)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top 5 Safest Stocks To Own For 2023: Churchill Downs, Incorporated(CHDN)

Churchill Downs Incorporated provides pari-mutuel horseracing, online account wagering on horseracing, and casino gaming services. It operates through Racing, Casinos, TwinSpires, Big Fish Games, and Other Investments segments. The company operates racing facilities, such as Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 10 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 12 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida. It also operates five casinos, which provides brick-and-mortar real-money casino gaming services with approximately 8,500 gaming positions; and operates 2 hotels. In addition, the company through TwinSpires.com engages in the advance deposit wagering business that accepts online and mobile pari-mutuel wagers, as well as offers streaming video of live horse races along with race replays and an assortment of racing and handicapping information. Further, it offers reports, statistical information, handicapping information, pedigrees, and other data to organizations, publications and individuals within the thoroughbred industry. Additionally, the company produces and distributes social casino, casual and mid-core free-to-play, and premium paid games for PC, Mac, and mobile devices. It also manufactures and operates pari-mutuel wagering systems for racetracks, OTB facilities, and other pari-mutuel wagering businesses; and provides totalisator and Internet-based interactive gaming services, as well as operates a multimedia poker periodical. Churchill Downs Incorporated was founded in 1928 and is headquartered in Louisville, Kentucky.


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