The economy had a strong rebound in the third quarter, increasing GDP by 33% compared to Q2 and lowering the unemployment claims to its lowest levels since March.
However, with a second surge of Covid cases and most of Europe shutting down again, these gains are fragile to say the least…
The best option for investors right now is to invest in stocks that actively pay you income, regardless of how the overall market reacts to the political or pandemic news.
That is why I have located three income generators that will enhance your cash flow no matter what.
Here they are…
No. 3: The Most Important REIT
Boston Properties Inc. (NYSE: BXP) is a real estate company that owns the largest portfolio of predominantly “Class A” office space in the United States.
Class A properties represent the highest quality buildings in their market. These are generally new properties built within the last 15 years with top amenities, high-income earnings tenants and most importantly, very low vacancy rates.
Boston Properties is organized as real estate investment trust (REIT), which means it’s legally obligated to pay out 90% of its taxable income as dividends to its shareholders every year.
Like many companies in March and April, BXP stock price took a hit when Covid-related lockdowns began.
But the current share price of $72.50 is a bargain compared to where it was just eight months ago at its all-time high of $148.
Regardless of how the overall market has acted over the last year, Boston Properties has remained resilient. The company beat its earnings per share (EPS) estimates each of the last four quarters.
No matter what happens from now until the end of the year, the Class A properties BXP owns will always be in high demand.
So, my expected one-year price target for this stock is $100. This would represent an increase of 38% from its current price.
All of this combined with BXP’s reliable 5.4% dividend payment make Boston Properties a prime stock to buy on the rebound.
No. 2: The Most Important Energy Stock
Another optimal buy-low option is Kinder Morgan, Inc. (NYSE: KMI) – a company that operates within the energy sector through natural gas pipelines.
Similar to Boston Properties, Kinder Morgan was hit hard during the initial Covid lockdown since its stock is driven by energy demand.
Now, KMI is trading currently at its lowest price on record ($11.90 per share), which should be viewed as an opportunity to invest.
Kinder Morgan is positioned to continue to produce solid gains and income for investors. The company covered its dividends during the first three quarters of 2020 on top of increasing its dividend payment 5%.
If you purchase the stock today, you can lock in a massive yield of 8.8%.
As the economy gets back up and running, so will Kinder Morgan. My price target of $20 per share represents a potential gain of 68%.
Take a look at this chart:
As you know, the stock market crashed big time back in March.
But see the orange line?
If you had been using this little-known strategy, you would have stayed in the black.
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