Joe Biden is the 46th President of the United States. He was sworn in on January 20, 2021. Democrats who control the White House and Congress will help the new President put his ambitious policy plan into effect. To continue the coverage of the best stocks under Biden's administration, we will focus on three more stocks to buy in this article.
Eaton has a market value of $49.3 billion, with a dividend yield: of 2.4 %. It is a power management company and an important supplier of electrical components and systems. Eaton will survive in this fast-growing industry, as wind and solar farms appear around the country. The company has a 109-year history and has been on the list on the NYSE for 97 years. The central selling point of Eaton is its remarkable consistency over the years.
The alternative energy field is a wild west currently, but Eaton will certainly continue supplying power systems.
Nest on the list is Becton Dickinson has a market value of $76.1 billion and a dividend yield of 1.3%.
The world's biggest challenge is to tame the COVID-19 pandemic. Therefore, the Biden administration will also intensely focus on successfully implementing the vaccination program.
Becton Dickinson manufactures medical instruments and supplies. In a world where hundreds of millions of vaccines need to be administered to overcome the pandemic, Becton is the company that will provide syringes for this cause. Moreover, the demand for vaccines is not likely to decline. Therefore, Becton will continue to lead the market.
Brookfield Renewable Partners LP is another outstanding stock to buy. Biden may be less focused on environmental issues than his peers, but green energy and infrastructure are still among his priorities.
Brookfield Asset Management owns 60 % of Brookfield Renewable Partners LP. It is considered one of the best stocks to buy during Biden's presidency. The company has a portfolio of wing solar, hydroelectric, and other green-energy properties.