is unlikely to be the first name that comes to mind, but it has an important spot in how tech supports the global supply chain as one of the biggest players in tracking vehicle fleets. The industries it serves include oil and gas, construction, utilities, supply chain, mining, public transportation and agriculture.
Pinnacle Associates has held a position for five years in the South African company via American depositary receipts that trade in the United States. The dividend yield is 3.1%.ExxonMobil, one of the largest companies in the U.S., with a market capitalization of $471 billion, can also help buffer against the ill effects of inflation.
The company’s return on equity is 30%, “significantly higher than the industry average,” and it has increased its dividend every year for the past three decades. Exxon also has a diversified portfolio of oil, gas, and other energy products, including significant investment in renewable energy sources.Like companies that provide goods and services fundamental to human needs for warmth, energy and shelter, those that provide food will always have a ready market for their wares.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks are on fire as investors pile in amid falling inflationRisky assets like stocks are on fire as investors pile into the market amid tumbling inflation, Bank of America says
Source: BusinessInsider - 🏆 729. / 51 Read more »
Goldilocks inflation puts stocks in ideal environment: Jeremy SiegelWharton professor Jeremy Siegel says the Goldilocks inflation figures for June put stocks in the ideal environment
Source: BusinessInsider - 🏆 729. / 51 Read more »