Top 4 stocks for the growing US market #Cases The US stock ma | Investor's sight: Stocks, Crypto, NFT

Top 4 stocks for the growing US market
#Cases

The US stock market is showing signs of recovery after almost two and a half months of a downtrend. Experts evaluate the shares of the companies below at the level of "confident purchase" and "purchase". Moreover, these companies regularly pay dividends:

◈ Occidental Petroleum $OXY

The representative of the oil and gas sector continues to increase the volume of hydrocarbon production, as well as reduce debt due to proceeds from the sale of non-core assets. The acquisition of Anadarko, investments in infrastructure strengthening and the company's influence in the Permian Basin are helping to boost its productivity.

◈ Devon Energy $DVN

Devon Energy, an oil and natural gas exploration company, is committed to high levels of black gold production in the Delaware Basin. To reduce costs, the company uses the latest technology in the production process. In addition, Devon Energy's presence in Delaware has expanded through a merger with WPX Energy.

The sale of the company's shale gas assets in Canada and the Barnett field in Texas allowed it to focus on developing its other oil assets in the US basins. DVN's stable free cash flow allows it to pay dividends and buy back shares. Devon Energy has sufficient liquidity to meet short-term debt obligations.

◈ Micron Technology $MU

Semiconductor manufacturer Micron Technology is showing increased demand for memory chips from cloud computing vendors. The company's growth factors are also the continued adoption of 5G, increased customer engagement and improved cost structure.

◈ Target $TGT

Major U.S. retailer Target is committing resources to expand omnichannel experiences, create new brands and renovate stores. The company is making numerous changes to its business model to adapt and stay relevant in the ever-changing retail landscape.

In the fourth quarter of 2021, Target's like-for-like sales grew for 19 consecutive quarters, gaining strength in both physical stores and online commerce. In addition, revenue is expected to increase from low to mid single digits in 2022, with operating margins up to 8%.