I introduced this special category of publicly traded companies to my readers a little over a year ago…
But for those of you who are new to the game of ESG, it stands for environmental, social and corporate governance investing. And the benefits of trading the best ESG stocks are huge if you can see the bigger picture.
I expect more and more hedge funds to start increasing their capital levels in these kinds of stocks as the world continues to push toward clean energy, social importance and credibility, and an easier time with regulatory pressure.
What I did is look at the various ESG mutual funds to figure out which are the strongest based on my relative strength calculations…
So these names include the best ESG stocks that fit the strict criteria at the moment.
The 2 Best ESG Stocks to Trade
The first ESG stock I’d take a look at is Danaher Corp. (NYSE: DHR).
It’s a global science and technology innovator that designs, manufactures and markets professional, medical, industrial and commercial products.
DHR’s one-year return is about 55%…
Even earnings estimates and expectations were better each of the past four quarters. And it also has 11 strong buy recommendations, so that’s impressive and will attract some big buyers.
DHR is one of the best-performing stocks in the entire S&P 500, so it’s easy to see why I have a price target of $355 per share over the next three months.
I expect the company to have little correlation to interest rate changes because health care stocks don’t react as negatively to rising rates in comparison to discretionary spending sectors.
Check out my short video below to get the next best ESG stock to trade, and to learn more about why these alternative energy stocks are getting a lot of attention right now — and why they make great buys.
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