Results for: Chevron

A Chevron gas station in Menlo Park, California, drew attention for charging $7.29 per gallon for regular unleaded, but this price is an outlier. Other gas stations in the area were averaging around $5.50 per gallon. California is the only state with an average gas price above $5 per gallon, with a current average of $5.41 per gallon. Nationally, the average gas price has increased by 13 cents in the past month, due to factors such as the war in Ukraine and the Middle East. However, AAA expects price fluctuations in the coming weeks due to seasonal changes in gasoline demand.

As the markets navigate economic uncertainty, investors are seeking defensive stocks for safety and growth potential. Among the 30 prominent companies listed in the Dow Jones Industrial Average, seven stand out as particularly well-positioned for the current market environment:

1. **Amazon (AMZN)**: With its dominance in e-commerce, cloud computing (AWS), and grocery retail (Amazon Fresh, Whole Foods), Amazon continues to be a strong investment choice.

2. **Visa (V)**: As credit card usage and debt soar to record highs, Visa, the world’s most widely accepted credit card, benefits from the surge in consumption.

3. **Microsoft (MSFT)**: Despite recent market volatility, Microsoft remains a well-positioned tech giant with strong growth in cloud computing and artificial intelligence (AI).

4. **Chevron (CVX)**: The recent decline in oil prices creates an opportunity for investors, as strong demand in the Middle East is expected to support Chevron’s performance.

5. **Coca-Cola (KO)**: As a classic defensive stock, Coca-Cola benefits from steady demand across economic environments and is poised to gain in times of market fear.

6. **Honeywell (HON)**: Honeywell offers a combination of defensive strength through its industrial sector performance and income growth through its 14th consecutive dividend increase since 2010.

7. **McDonald’s (MCD)**: McDonald’s is poised for a period of rapid growth, planning to open 50,000 restaurants by 2027 and expanding its beverage business, making it an attractive investment for both defensiveness and growth potential.