: ‘Hold the salt!’ Blood pressure increased among middle-aged Americans during COVID-19 pandemic

Middle-aged Americans saw their blood pressure rise during the COVID-19 pandemic, according to new research published Monday in the American Heart Association’s flagship journal Circulation.

Nearly half of American adults have high blood pressure, the association said, and it’s the leading cause of heart disease, and roughly 75% of all high-blood pressure cases remain above the recommended blood pressure levels.

Aside from the stress related to finances and health during the pandemic, stay-at-home orders between March and April 2020 to slow the spread of the COVID-19 pandemic led to people taking less exercise and, possibly, eating more takeout.

From April 2020 to December 2020, average increases in blood pressure each month ranged from 1.10 to 2.50 mm Hg higher for systolic blood pressure and 0.14 to 0.53 mm Hg for diastolic blood pressure versus the same time period in 2019.

‘At the start of the pandemic, most people were not taking good care of themselves.’


— Luke Laffin, co-director of the Center for Blood Pressure Disorders at the Cleveland Clinic

“At the start of the pandemic, most people were not taking good care of themselves,” said lead study author Luke Laffin, co-director of the Center for Blood Pressure Disorders at the Cleveland Clinic in Cleveland, Ohio.

“Increases in blood pressure were likely related to changes in eating habits, increased alcohol consumption, less physical activity, decreased medication adherence, more emotional stress and poor sleep,” he added.

Last October, the Food and Drug Administration recommended restaurants and food manufacturers to reduce the amount of sodium in their food to 3,000 mg per day — still higher than the recommended daily allowance — over a 2.5-year period.

“More than 70% of total sodium intake is from sodium added during food manufacturing and commercial-food preparation,” the FDA said. Excess sodium in the diet helps to raise blood pressure.

The latest study included nearly 500,000 adults across the U.S., with an average age of 46 years — 54% women and 46% men — who had their blood pressure measured during an annual employee health screening from 2018 through 2020.

‘The COVID-19 pandemic has had and will continue to have long-reaching health impacts.’


— Eduardo Sanchez, the American Heart Association’s chief medical officer for prevention

Before the pandemic, blood pressure measures were largely unchanged when comparing the study’s previous years, the authors said.  Higher readings were recorded among older participants, particularly for systolic blood pressure.

Participants were categorized into four groups: Normal, elevated, stage 1 hypertension and stage 2 hypertension based on the current American Heart Association blood pressure guidelines.

“The COVID-19 pandemic has had and will continue to have long-reaching health impacts across the country and particularly related to uncontrolled hypertension,” said Eduardo Sanchez, the association’s chief medical officer for prevention. 

Even small rises in blood pressure increase a person’s risk of stroke and other adverse cardiovascular diseases, Laffin added. He said it was important to see your doctor regularly for checkups, and keep on top of all heart-related issues.

Americans consume around 3,400 milligrams of sodium per day, according to one government study, but the CDC’s dietary guidelines recommend that people consume less than 2,300 milligrams each day.

Even small rises in blood pressure increase a person’s risk of stroke and other adverse cardiovascular diseases.

In the 2021 U.S. News and World Report annual ranking from 1 to 39 of the world’s best (and, yes, worst) diets, a team of 24 panelists of “nationally recognized” professionals named the Mediterranean diet for the fourth year in a row.

It’s based on seven criteria: short-term weight loss, long-term weight loss, effectiveness for cardiovascular disease prevention, effectiveness for preventing diabetes, ease of compliance, nutritional completeness and health risks.

No. 2 on the U.S. News and World Report list: The DASH diet. It recommends fruits, vegetables, nuts, whole grains, poultry, fish and low-fat dairy products, while restricting salt, red meat, sweets and sugar-sweetened beverages.

“Even in the midst of the pandemic, it’s important to pay attention to your blood pressure and your chronic medical conditions,” Laffin said. “Get regular exercise, eat a healthy diet, and monitor your blood pressure and cholesterol.”

Another £1.5 BILLION pouring into responsible investments: here’s why!

Image source: Getty Images


Investing responsibly is quickly becoming the path of choice for many investors. In 2021, money continues to pour into these kinds of investments month after month. And there are no signs of inflows slowing down anytime soon!

Here’s why so much cash is being put into this type of investment and what we’re likely to see in future as a result.

What does investing responsibly mean?

You say tomato, I say tomato. That saying doesn’t appear to make as much sense written down, but you know what I mean.

Everyone has a different definition of what they think is ethical or responsible. Evel Knievel believed it was responsible to jump over cars with a motorbike and I think it’s irresponsible to ride a bicycle on gravel. It’s all about perspective.

Recently there’s been a general sway towards investments thought of as less harmful. In some cases, this socially responsible investing (SRI) means using ESG investing methods. In others, it simply means putting cash into firms trying to improve the world in some way or avoiding fossil-fuel businesses.

But whatever way you look at it, investors are just being more conscious about where their money is going. Investing is no longer all about profit and growth at any cost. This wide and sweeping change in attitudes is quickly altering the whole landscape of money.

How much is going into responsible investments?

According to the latest data from the Investment Association, a whopping £1.5 billion was put into responsible funds during October!

Emma Wall, head of investment analysis and research at Hargreaves Lansdown, explains these big figures: “Responsible funds continue to see significant inflows from retail investors keen to do good and make money at the same time.

“With an extra £1.5 billion invested in October, this now takes the total invested in responsible funds to £88.7 billion. It is small fry compared to the wider market, at just 5.7% of funds under management, but making inroads.”

Will this trend of responsible investments continue?

Although responsible funds are swelling in popularity, the bulk of investors’ money can be found elsewhere in the markets.

However, this means that there’s a lot of potential for these funds to grow as investors rotate some or all of their holdings into more ethical investments. Here are the two big topics on people’s minds right now:

  • Climate issues
  • The coronavirus pandemic

The awareness of big global problems coupled with lots of younger investors joining the market means there’s no reason for these responsible trends to slow down anytime soon.

What may lay ahead for investors?

You now have more control than ever over where you invest your money. It’s an exciting time to be an investor and although some companies and industries may fizzle out over the coming years, new ones will rise up to take their place.

Using one of our top-rated share dealing accounts, you can find the responsible stocks and funds that suit your goals. It’s also worth using something like the Hargreaves Lansdown Stocks and Shares ISA for your investments. This type of account is a great way to protect any gains from tax.

Just remember that no one can predict the future. When it comes to investing, you may get out less than you put in. So be sure to do your research and always have a long-term plan to help you on your journey.

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I want this cheap Warren Buffett stock for Christmas

Two famous Warren Buffett quotes encapsulate the philosophy of value investing. I think they also capture the legendary investor’s likely thought process when he first invested in American Express (NYSE:AXP). He said: “It is far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” And he also said: “Be fearful when others are greedy and greedy when others are fearful”

Salad oil scandal

His initial investment in American Express was born out of a 1960s scandal. A salad oil company took out large loans using its product inventory as collateral. However, it filled up its oil tanks with sea water, deceiving lenders, including American Express.

5 Stocks For Trying To Build Wealth After 50

Markets around the world are reeling from the coronavirus pandemic… and with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.

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AmEx shares plummeted on news that it had been conned into lending $175m+. In fact many investors feared this would be the end of the company. Not Warren Buffett though. While others were fearful, he snapped up shares in what he saw as a wonderful business. His initial investment totalled roughly $1.3bn and it prove to be both a lucrative and defining investment for the Oracle of Omaha.

Today, his holding company Berkshire Hathaway owns 19% of American Express. Amex is its third biggest holding, only behind Apple and Bank of America. And impressively, he’s made around 20 times his money on the investment, excluding dividends.

Still a wonderful company at a fair price?

AmEx’s popular credit cards and reward schemes are seen as high-status. Its competitive advantage gives the company pricing power, of which it has recently taken advantage, raising annual fees for its platinum credit card.

Buffett has invested in competitors Visa and Mastercard but notably trimmed his positions in both payment giants this year. Both have seen their share prices fall around 10% year to date while AmEx has risen over 28%. Yet despite this strong 2021 performance, the Omicron variant has triggered a sell-off and the stock is 17.5% down from its October highs. That’s unsurprising given that much of its revenue and many rewards have travel links. Therefore any travel restrictions could trigger further slumps in the share price.

But travel aside, AmEx makes the bulk of its revenue, like other card operators, by taking small percentages of every transaction where one of its cards is used. This makes the company a potential inflation hedge as its revenue should rise in line with price increases.

When compared to its major competitors, AmEx looks to be trading at a fair and arguably cheap price. Its price-to-earnings (P/E) ratio stands at 16 compared to between 39 and 40 for Visa and Mastercard. Its P/E is also considerably lower than that of the S&P 500 at 28.5. Additionally, American Express yields an attractive 1.1% which is considerably higher than its credit card rivals.

Warren Buffett isn’t selling. Should I buy?

AmEx is certainly not trading at the wonderful price Warren Buffet paid in the early 1960s. What’s more, if Covid and its variants prove to be travel and general spending suppressants beyond the short term, the AmEx share price could head further downwards. But unfavourable market conditions may present an opportunity for me to add discounted AmEx shares to my portfolio. Ultimately, I make investments with a long-term horizon and I’d be more than happy to add this Warren Buffett favourite to my portfolio before the end of the year. Especially if investors continue to be fearful. 


American Express is an advertising partner of The Ascent, a Motley Fool company. Nathan Marks owns shares of Visa. The Motley Fool UK has recommended Mastercard. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Christmas pudding – why do people put money it?

Image source: Getty Images


Whether you like Christmas pudding or not, its grand entrance pretty much always garners lots of oohs and ahhs. After all, it’s not often we intentionally set food on fire and then stand back to admire it. But if that wasn’t strange enough, there’s all the trinkets and tokens inside the Christmas pudding itself – including money. Here’s what it’s all about.

Why does Christmas pudding have money in it?

Traditionally, Christmas pudding has a sixpence hidden inside it.

If you get the sixpence in your portion of pudding, then you’ll have good luck over the coming year. Traditionally, other tokens can also be included, each one with its own meaning. As Hercule Poirot discovered in The Adventure of the Christmas Pudding, if a man finds a button, he is destined to be single for the next year. Women who find a thimble share the same fate.

In contrast, if you find a ring in your Christmas pudding, you’ll get married within the year. Find an anchor trinket and you’ll be protected and safe – for the next 12 months at least.

As for pouring brandy and setting it alight, the flames are meant to represent the power and love of Jesus. While some interpret the holly as a symbol of the crown of thorns.

Why do we eat Christmas pudding?

Like with most things, we’ve got the Victorians to thank for Christmas pudding as we understand it now. However, it’s thought to date far further back, possibly to medieval times when a type of milky porridge with dried fruit and nuts was eaten as a fasting dish in the runup to Christmas.

Later, it evolved to include trinkets, which was an idea that came from the Twelfth Night cake eaten at the end of Christmas. But instead of lovely shiny tokens, you’d either get a dried bean or a dried pea.

As bizarre as that might sound, similar traditions can be found in other cultures too. For example, in Spain, they celebrate 6 January as ‘El Día de Los Reyes Magos’ (day of the three kings) with a ‘roscón de reyes’ (king’s cake). It’s a little like brioche with candied fruit. This also includes a trinket, such as a crown, which is the token you want to find. If you’re unlucky, you might get the dried bean token instead.  

Can you still get a sixpence to put in Christmas pudding?

Yes, you can. Although sixpences are no longer in circulation, you can buy special editions from the Royal Mint if you fancy resurrecting this particular tradition.

Traditionally, you should make your Christmas pudding on the last Sunday before advent (basically, the Sunday closest to the end of November). This was also known as ‘stir-up Sunday’ as families would stir up their puddings in readiness for the coming festivities.

You might also have heard Christmas pudding called plum pudding. The dessert confusingly doesn’t contain any plums and it never has. It’s just that ‘plum’ was used to describe any dried fruit.

So, the next time someone wheels out a Christmas pudding, you’ll be able to astound them with your expert knowledge. Just watch you don’t crack a tooth on that sixpence.

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Metals Stocks: Gold edges back to start week as Fed tapering remains in focus

Gold futures traded modestly lower Monday morning, as a pickup in Treasury yields and the dollar help to dull appetite for the precious commodity, which has been held in check, amid uncertainties about the spread of omicron and Federal Reserve policies.

The most active February gold contract 
GCG22,
-0.19%

 
GC00,
-0.19%

was off $4.90, or 0.3%, at $1,779 an ounce, following a weekly decline of 0.1% for the most-active contract, according to Dow Jones Market Data.

March silver
SIH22,
-0.83%
,
 meanwhile, was off 22 cents, or 1%, to trade at around $22.27 an ounce, after putting in a weekly loss of 2.7% on Friday.

Gold rose to end last week as a weaker-than-expected jobs report was seen as unlikely to derail the Fed’s plan to reduce, monthly, market-supportive purchases of Treasurys and mortgage-backed securities, with the report leading a flight to assets perceived as safe.

However, the prospects of higher rates have weighed considerably on gold prices.

Naeem Aslam, chief market analyst at AvaTrade, wrote in a daily note that “investors should note that the Federal Reserve is still sticking to its plan to speed up tapering, which would mean a quicker rise in interest rates.”

“A surge in interest rates increases the opportunity cost of holding the precious metal and hence decreases its appeal,” the analyst wrote.

The 10-year Treasury note
TMUBMUSD10Y,
1.380%

was yielding 1.38%, up from 1.342%, while the dollar was up 0.1%, as gauged by the ICE U.S. Dollar Index
DXY,
+0.06%
.

7%+ dividend yields! 5 FTSE 100 stocks to buy for 2022

The UK stock market has a reputation for being a good source of dividend income. Most of these high-yielders are in the FTSE 100. Today, I want to look at five lead index shares with high yields of 7% or more that I think could perform well in 2022.

I’d be happy to buy all of these shares for my portfolio, as my analysis suggests the dividends they offer should be sustainable. But it’s important to remember that dividends are never guaranteed. Even healthy companies can sometimes cut, or suspend, their payouts, as we saw last year.

5 Stocks For Trying To Build Wealth After 50

Markets around the world are reeling from the coronavirus pandemic… and with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.

But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be a daunting prospect during such unprecedented times.

Fortunately, The Motley Fool UK analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global upheaval…

We’re sharing the names in a special FREE investing report that you can download today. And if you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio.

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I reckon this 9% yield is too cheap

My first pick is FTSE 100 tobacco group Imperial Brands (LSE: IMB). When CEO Stefan Bomhard took charge last summer, he made the decision to focus on the group’s core brands, such as JPS, West and Gauloises. Spending on next-generation products such as vapes has been cut.

These changes seem to be working. Imperial’s operating profit rose by 15% to £3.1bn last year, while net debt fell from £11.1bn to £9.4bn.

I don’t expect much long-term growth from my Imperial shares. I’m also aware the continued decline in smoking rates and the risk of tougher regulations could hit sales in the future. However, I think these risks are already priced into the stock.

Imperial Brands currently trades on just six times forecast earnings, with a 9.1% dividend yield. As a pure income play, this stock remains a buy for me.

My top housebuilder

Next on my list is housebuilder Persimmon (LSE: PSN). Although the stamp duty holiday has now ended, this business is still seeing strong demand for new homes.

CEO Dean Finch recently said that the number of sales reservations per new home site is currently 16% ahead of 2019. Finch expects the number of homes completed this year to be 10% higher than in 2020.

Persimmon already has £1.15bn of forward sales reserved from 2022 onwards, suggesting that next year’s results should be fairly stable.

Profit margins remain high at this business, despite rising labour and material costs. There’s no debt and Persimmon reported a cash balance of £895m at the end of October. I think this should provide good support for this year’s expected dividend of 235p per share, giving a forecast yield of 8.4%.

The only big risk I can see here is that market conditions will slow drastically, leading to a fall in house prices and lower sales. Rising interest rates seem the most likely trigger for this, in my view. But, so far, there’s not much sign of this. I remain happy to hold Persimmon.

A little-known FTSE 100 7%-er

You may not be familiar with FTSE 100 insurer Phoenix Group (LSE: PHNX). Until recently, this retirement group specialised in buying existing insurance policies from other insurers. However, Phoenix is now expanding into new business areas, selling products under the well-known Standard Life brand.

The company’s half-year results showed £412m of new business, compared to £358m last year. So there’s some growth, but it’s still early days.

I think the main risk here is that Phoenix won’t be able to generate enough new business to replace the income from older run-off policies.

However, the company’s track record over the last few years has been good. Phoenix has met management targets and generated plenty of surplus cash. For now, the stock’s 7.5% dividend yield still looks safe to me.

A miner offering 10%

Shares in FTSE 100 mining group Rio Tinto (LSE: RIO) hit a record high earlier this year when the price of iron ore soared to more than $200 per tonne. Things have calmed down a bit, and Rio’s share price has fallen 30% from its April peak.

I think this heavyweight miner is starting to look better value. Low costs mean that profits are expected to stay strong next year, even as commodity prices cool. Broker forecasts at the moment suggest shareholders could receive a 10% dividend yield in 2022.

For me, the main risk is that the shares are still too expensive to ride out a serious mining downturn. However, we might not see that scenario again for several more years. In the meantime, I expect Rio to remain highly profitable. On balance, I think Rio shares look reasonably-priced for income.

Unpopular but too cheap?

My final pick is telecoms giant Vodafone Group (LSE: VOD). It’s best-known in the UK as a mobile phone operator. But in Europe, Vodafone is also a big broadband provider, while in Africa, it operates one of the biggest mobile money services.

Vodafone boss Nick Read has streamlined the business. He’s now focused on more profitable growth opportunities, such as digital services.

It’s a tough balance to strike, because spending requirements are already high as the 5G rollout continues. Read has to juggle debt repayments, dividends, and new investment. If he gets the balance wrong, he might have to cut the dividend.

No investment is ever completely safe, but I’ve followed Read’s progress since he took charge and, so far, I’ve been impressed. For this reason, I’d still be happy to buy Vodafone stock — which offers a 7% dividend yield — for my portfolio.

An easy route to passive income?

I’d be happy to buy all of these FTSE 100 dividend stocks for 2022. But as I mentioned at the top of this piece, dividends are never guaranteed.

For this reason, I would never rely on just five dividend shares to provide a passive income. A single cut could have a big impact on my overall portfolio income. What I do instead is to run a dividend portfolio with 20 stocks. That way, any single cut should only have a small impact on the total income from my portfolio.

5 Stocks For Trying To Build Wealth After 50

Markets around the world are reeling from the coronavirus pandemic…

And with so many great companies still trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.

But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be a daunting prospect during such unprecedented times.

Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…

You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.

That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away.

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London Markets: Shell and BP carry FTSE 100 higher as Deliveroo slumps

The top U.K. stock market index enjoyed a solid advance on Monday, buoyed by the energy sector.

The FTSE 100
UKX,
+1.12%

rose 1% to 7,194.65, boosted as Royal Dutch Shell
RDSB,
+2.58%

and BP
BP,
+2.70%

each got a lift from strength in crude-oil prices
CL.1,
+3.14%
.

The London Stock Exchange
LSEG,
+1.07%

rose after agreeing to pay as much as £274 million for Quantile Group, a provider of services for hedge funds and banks trading over-the-counter derivatives.

Deliveroo
ROO,
-2.53%

shares slumped 8%, hurt by fears over the European Commission’s impending gig worker rules that could come as early as Wednesday. Just Eat Takeaway.com
JET,
-5.80%

also dropped.

The Ratings Game: Rivian gets mostly bullish endorsement from analysts, as EV maker seen in the ‘catbird’s seat’ to challenge Tesla

A host of Wall Street analysts started coverage of Rivian Automotive Inc. on Monday, nearly a month after the company went public, and gave the Amazon-backed electric vehicle maker a mostly bullish endorsement.

Of the 13 analysts surveyed by FactSet, eight set ratings on the company that were the equivalent of buy, while the other five rated it the equivalent of hold. There are so far no bears.

The average price target on the stock was $134.42, which was about 28% above Friday’s stock closing price of $104.67, and about 72% above the $78 initial public offering price.

Don’t miss: Rivian Automotive stock soars in trading debut, in the largest IPO of the year.

The stock
RIVN,
-5.51%

slumped 2.3% in premarket trading Monday, putting it on track to suffer a fifth straight decline. It closed Friday 39% below its Nov. 16 high close of $172.01, but was still 34% above its IPO price.

Baird analyst George Gianarikas initiated Rivian at outperform with a $150 stock price target, saying he believes the company can “formidably challenge” Tesla Inc.’s
TSLA,
-6.42%

market dominance. He said the company has adopted a “promising, vertically integrated approach,” reinforced by a robust balance sheet, Amazon partnership and strong recruitment.

“Vertical integration, however, requires scale to extract benefits, and, as such, Rivian needs to ramp quickly and effectively to materialize as a serious long-term contender,” Gianarikas wrote in a note to clients. “That is, Clark Kent ([Chairman and Chief Executive] R.J. Scaringe) needs to emerge from the phone booth as Superman soon to scale Rivian and save the planet.”

Wedbush’s Dan Ives also started Rivian with a bullish outperform rating, and set a $130 stock price target, saying the “stalwart EV startup” is looking to strategically launch itself into an untapped market as SUV and pickup truck EVs are currently virtually nonexistent in the EV market.

He said Rivian’s debut R1T and R1S EVs are expected to launch in early 2022, competing with General Motors Co.’s
GM,
-2.15%

new Hummer, Ford Motor Co.’s
F,
-3.67%

F-150 and, down the road, Tesla’s Cybertruck.

“With the popularity and consumer demand for EVs on the trucking/SUV market, we believe Rivian is in the catbird’s seat to take considerable market share in the EV arms race under its visionary CEO and founder, R.J. Scaringe,” Ives wrote.


FactSet, MarketWatch

Meanwhile, analyst Ryan Brinkman at J.P. Morgan, which was one of the lead underwriters of Rivian’s IPO, started the company at neutral with a stock price target of $104, which was 0.6% below Friday’s closing price.

Brinkman was generally upbeat on the company’s prospects, saying the company’s “caliber” as an organization was made clear given it beat Tesla, Ford and GM to market with the industry’s first battery electric pickup truck, and “an excellent one at that.”

He said the company also differentiated itself from its peers by its strong strategic partners, its simultaneous focus on both light and commercial vehicles and by its substantial capital base.

Brinkman had some reservations, however, regarding costs to reach its goals, and valuation.

“Our neutral rating balances — on the one hand — extremely compelling top-line growth prospects, surprisingly world class products for a new manufacturer, and structural industry tailwinds, with — on the other hand — equally heavy investments anticipated to fund that growth and valuation which is clearly already pricing in a lot after the recent sharp rise in the shares (at one point more than doubling since the company’s recent IPO),” Brinkman wrote.

But then again, Brinkman said the stock’s high valuation increases his confidence in the company’s ability to fund its growth ambitions.

The stock closed Friday up 3.9% since it closed its first day of trading at $100.73 on Nov. 10, while the Renaissance IPO exchange-traded fund
IPO,
-3.85%

has dropped 13% and the S&P 500 index
SPX,
-0.84%

has slipped 2.3% over the same time.

3 penny shares to buy if stock markets crash!

Confidence on global share markets remains on a knife-edge. As I type, major indices are edging away from the recent troughs struck as news of the Omicron virus variant emerged.

But I wouldn’t be shocked if stock markets crash again before Christmas. The biggest blue-chip to the smallest penny stock are all in jeopardy of another slump.

5 Stocks For Trying To Build Wealth After 50

Markets around the world are reeling from the coronavirus pandemic… and with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.

But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be a daunting prospect during such unprecedented times.

Fortunately, The Motley Fool UK analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global upheaval…

We’re sharing the names in a special FREE investing report that you can download today. And if you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio.

Click here to claim your free copy now!

It’s not just fear that the Covid-19 crisis could significantly worsen very quickly, decimating the economic recovery in the process. The threat of persistently-high inflation continues to linger in the back of investors’ minds. Signs that Chinese property giant Evergrande is creeping closer to default adds another major problem for investors to chew over.

3 penny stocks I’m considering buying

I don’t plan to stop buying UK shares despite these risks. There are plenty of British stocks that could still provide excellent shareholder rewards. Here are three top penny stocks I’m thinking of buying, despite the threat of another stock market crash.

#1: Sylvania Platinum

I think Sylvania Platinum’s a great way for me to hedge my bets. Investment demand for the platinum group metals (PGMs) it produces will likely balloon if the global economy struggles and interest in safe-haven assets rises.

But on the other side of the coin, prices of platinum et al could swell if the economic recovery continues and autobuilders continue to buy the metal. PGMs are used in huge quantities to clean up emissions in car exhaust systems.

My main concern with Sylvania Platinum is the ever-present danger of production problems that can hit revenues and supercharge costs.

#2: ContourGlobal

CountourGlobal is in the business and building and operating power stations all over the globe. The essential nature of its services means, therefore, that profits remain broadly stable at all points of the economic cycle. I wouldn’t just buy this penny stock for its excellent defensive qualities though. I think its increased focus on renewable energy could pay off handsomely as demand for low-carbon electricity soars.

I’d buy ContourGlobal shares despite the complex nature of its operations. Any delays to the power plants it constructs could take a big bite out of the bottom line.

#3: Futura Medical

I’d also expect Futura Medical to stand up well during a broader stock market crash. Why? This healthcare stock has created a gel (the snappily-titled MED3000) that helps solve the problem of erectile dysfunction.

In a busy 2021, the gel received the all-important CE mark in Europe. It is now being considered by regulators in the US too. Positive news on this front would naturally light a fire under Futura Medical’s share price.

But Future Medical does face huge competition from industry giant brands like Viagra. Still, MED3000 has shown qualities that could help it fight back the competition. These include a fast-acting formula and a lack of drug interaction with prescription products.

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Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

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