2 COVID-Proof Stock Ideas For Retirees

Each month, we issue The Mike’s Buy List for our DSR members. They get our best ideas for both U.S. and Canadian dividend stocks. The first Friday of each month, they receive our top 10 growth and top 10 retirement (yield over 4%+) investment ideas.

As we prepare for another surge of COVID-19 cases, it’s more important than ever to have the right holdings in your portfolio. Last time, I covered two dividend growth stocks. Now, let’s cover two options for income-seeking investors.

3M Co. (NYSE:MMM)

What’s the story?

This giant doesn’t need much presentation. It’s probably on many investors’ watch list too… but it rarely is on sale!

3M had some good news for investors during September. It reported August sales growth of 2% Y/Y to $2.7 billion, led by a 23% rise in Health Care. Organic local currency sales declined 2%, while acquisitions, net of divestitures, and foreign

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