“If you own regular stocks, you’re in for a big surprise,” he adds.Ĭhaikin, who has appeared numerous times on CNBC’s Fast Money, says that you absolutely must consider buying one particular type of investment right now, before it’s too late.
“While leaving 99% of the public worse off than before.” “A massive and surprising new transition could determine the next group of millionaires,” says Chaikin, who predicted the 2020 market crash. While most Americans want to put 2020 behind them…Īccording to Wall Street legend Marc Chaikin, life is about to get even stranger, and it could have a sizable impact on your wealth. When looking at the institutional investors followed by Insider Monkey, Warren Buffett’s Berkshire Hathaway is the largest stakeholder in Chevron Corporation (NYSE:CVX) with shares valued at $23.37 billion comprising 7.78% of its 13F portfolio. At the end of the second quarter of 2022, 59 hedge funds in the database of Insider Monkey held stakes worth $26 billion in Chevron Corporation (NYSE:CVX). Chevron Corporation (NYSE:CVX) operates in the integrated energy and chemical business sector globally.Īlthough lower oil prices could send the stock lower, Chevron Corporation (NYSE:CVX) could be a cheap stock given its forward P/E ratio of 9.48 if it successfully transitions to renewable energy or if oil prices remain high.Īs it stands, Chevron Corporation (NYSE:CVX) is a blue chip given its economies of scale and its balance sheet. The company also has a strong dividend history with Chevron Corporation (NYSE:CVX) having continuously increased its annual dividend for the past 34 years.
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