Three all-weather stocks to buy now – MoneyWeek

Ontheonehand,anumberofindicatorssuggestthatattheveryleasttherateofeconomicdeclineisslowing。

Thecombinationofmonetaryandfiscalstimulusaroundtheglobeseemstobesucceedinginkick-startingtheeconomy。

ButthemarketremainsunsurewhetherthiswillturnouttobeaW,VorevenL-shapedrecovery。

Soourpreferenceisforamorebalancedportfoliowhichshouldprosperinarangeofoutcomes。

OneLondon-listedstockthatneedntbeconcernedbytheUKseconomicoutlookisGreatEasternEnergyCorporation(LSE:GEEC)。

Despiteuncertaintiesabouttheshort-termoutlookfortheglobaleconomy,thecaseforstructuralgrowthinenergydemandwithinemergingmarketsremainsintact。

GreatEasternisperfectlyplacedtobenefit。

ItcontrolsexplorationandproductionlicencestoextractcoalbedmethaneinWestBengal,India。

IthasadealinplacewithIndianOilCorporation(IOC)tosupplycompressednaturalgas(CNG),producedfromitscoalbedmethaneblocks,topowervehicles,andiswelladvancedindevelopingapipelinenetworktosupplydirecttoindustrialcustomers。

Thecostadvantagethegrouphasversusexistingsuppliersrepresentsasustainablecompetitiveadvantage。

WhencoupledwiththestructuralgrowthstorywithinIndia,GreatEasternhasaveryexcitingfuture。

TherecanbenodoubtingtheperilousstateoftheUKhousingmarket。

Mortgageapprovalshavefallentorecordlows,accompaniedbydramaticfallsinhouseprices。

SoourchoiceofUKhousebuilderBerkeleyGroup(LSE:BKG)mayseemstrange。

Butthegrouphasanumberofcompetitiveadvantagesoveritspeers。

The£50moffreshcapitalraisedinFebruarypositionsthecompanywithover£300mofcash。

Managementiskeentousethesefundstotakeadvantageofdistressedlandsales,bolsteringwhatisalreadyanunrivalledlandbank。

Landwrite-downsarealsounlikely,giventhecompanysconservativeaccountingpolicies?

Therecentsharepriceweakness,drivenbytheforcedsaleofstockbythegroupslargestshareholder,providesanattractiveentrypoint?

Longerterm,BerkeleyiswellplacedtobenefitfromthestrongfundamentalsunderlyingtheUKhousingmarket。

IncontrasttothemorecyclicalBerkeley,BAESystems(LSE:BA)shouldberelativelyimmunetotheeconomiccycle。

Sharesinthethird-largestglobaldefencefirmhaveunder-performedsharplyduringtherecentrally,leavingittradingonanattractivevaluation,particularlywhencomparedwithUSpeers。

ScepticsfearthatthescaleofthebudgetdeficitintheUKandUSwillresultindrasticdefencespendingcuts,particularlygivenreducedinvolvementinIraq。

InvestorsshouldbeawarethoughthatmanyoftheareaswithintheUSdefencebudget(towhichBAEisheavilyexposed),continuetoshowhealthygrowth。

Internationally,thecompanyslong-standingrelationshipwiththeSaudigovernmentwillbeasignificantsourceofgrowthovercomingyears。

Asasourceofastableearningsatanattractivevaluation,andwithagooddividendyield,BAESystemsisworthyofinclusioninanybalancedportfolio。

Thestocks?

MartinTodd?


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