3 Must Buy Stocks Ahead of a Market Correction

Group 1: Exxon Mobil - Exxon Mobil is a global leader in energy, benefiting from steady demand and robust cash flow, even in uncertain markets [2] - The company offers a strong dividend yield of 3.8%, providing an attractive income stream [2] - Currently, Exxon Mobil trades at 13.3x forward earnings, which is below its 10-year median of 17.7x [11] Group 2: Philip Morris International - Philip Morris is recognized as a consumer staple, with consistent demand for its products [3] - The company has a generous dividend yield of 4.4% and is trading at 19.1x forward earnings, slightly above its 10-year median of 16.5x [7] - Philip Morris's transition to smokeless products has reignited its growth trajectory, with EPS projected to increase by 8.3% this year and 10.6% next year [7] Group 3: AT&T - AT&T combines a reliable telecommunications business with a generous dividend yield of 4.9%, making it a strong defensive play [8] - The stock has recently reached new record highs after nearly seven years of zero stock appreciation [8] - AT&T is trading at a one-year forward earnings multiple of 10.4x, just above its 10-year median of 9.4x [9] Group 4: Market Context - The current market environment shows signs of increased volatility, prompting investors to consider more defensive stocks [4][10] - The Fed's recent adjustments in interest rate policy expectations have contributed to a rise in market volatility [10] - Despite the volatility, high-yield, steady-performing stocks like Exxon Mobil, Philip Morris, and AT&T can help maintain stability and income [9]