The company has a solid reputation in the industry and an impressive portfolio of businesses that not only bring stability to the current environment but also make MSFT stock one of the safe stocks to buy in 2023 and hold forever. Microsoft (NASDAQ: MSFT ) is a dinosaur when it comes to the tech space. KO stock has a dividend yield of 2.8% and the future outlook remains strong. The company has gone out of its way to return large portions of the cash flow to investors in the form of dividends and buybacks which is why it is known as a dividend aristocrat. It is one of the best safe stocks for risk-averse investors that will thrive, no matter the market conditions. Evercore ISI analyst Robert Ottenstein also raised the price target to $70 and maintained an Outperform rating after what the firm calls an “encouraging and confident start to 2023.” RBC Capital analyst Nik Modi has an “outperform” rating on the stock with a price target of $69. Analysts are bullish on the stock after the strong quarterly results. The management hiked prices due to inflation and enjoyed higher growth due to higher demand. Net sales increased to $10.98 billion and organic sales increased by 12%. The revenue hit $10.96 billion and EPS came in at 68 cents. It is one of the safe stocks to buy in 2023, trading at $63 today and could soon hit a new all-time high.Ĭoca-Cola recently reported earnings and beat expectations. Coca-Cola is already established in the market as one of the solid stock return generators and it is a cash-flow machine. Its brand has delivered massive value over the years and holds a dominant market position. One of the most safe stocks with strong fundamentals and dividends available today, KO stock is also a favorite of Warren Buffett. First on my list is Coca-Cola (NYSE: KO).
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