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Is This "Dogs of the Dow" High-Yield Stock Worth Buying Today?
Investors are always looking for a unique edge that helps them pick stocks. One simple approach to stock selection that has gained notoriety is to buy the five highest-yielding stocks in the Dow Jones Industrial Average (DJINDICES: ^DJI), a system that has become known as the "Dogs of the Dow." Chevron (NYSE: CVX) is one of those "dogs" today, but is it worth buying this energy-tied business?Chevron is an integrated energy company, which means that its business spans across the energy sector. That includes energy production (the upstream), energy transportation (the midstream), and refining and chemicals (the downstream). Each of the segments operates a little differently and performs a little differently through the energy cycle. This is a key factor to keep in mind when you are looking at Chevron because this diversification helps to soften the peaks and valleys that are normal in the energy sector.Image source: Getty Images.Continue reading
Investors are always looking for a unique edge that helps them pick stocks. One simple approach to stock selection that has gained notoriety is to buy the five highest-yielding stocks in the Dow Jones Industrial Average (DJINDICES: ^DJI), a system that has become known as the "Dogs of the Dow." Chevron (NYSE: CVX) is one of those "dogs" today, but is it worth buying this energy-tied business?
Chevron is an integrated energy company, which means that its business spans across the energy sector. That includes energy production (the upstream), energy transportation (the midstream), and refining and chemicals (the downstream). Each of the segments operates a little differently and performs a little differently through the energy cycle. This is a key factor to keep in mind when you are looking at Chevron because this diversification helps to soften the peaks and valleys that are normal in the energy sector.
Image source: Getty Images.
