Dividend Advisor Hotline – Friday, June 10, 2022

3M COMPANY, $137.65, New York symbol MMM, remains a buy.

The company makes over 60,000 consumer and industrial goods, including air purifiers, adhesives, bandages and components for medical devices. Investors tap its main brands, including Post-it notes, Scotch tape, Scotch-Brite cleaning products, Scotchguard protection and Thinsulate… Read More

Q: Hello, Pat. I’m thinking of increasing my oil and gas exposure considering the current increases we’ve seen. Do you recommend either the XLE or VDE ETF (each a basket of U.S. energy companies) as a way to do that? Thank you.

A: We still feel that investors will profit the most with a well-balanced portfolio of high-quality individual stocks, but ETFs can also play a role in a portfolio. Here’s a look at the ETFs you’ve asked about:

Energy Select Sector SPDR ETF, $77.14, symbol XLE on… Read More

Tap higher crude prices but with less risk

Oil prices continue to strengthen as COVID-19 travel and other restrictions ease. Despite new government regulations to limit carbon emissions, crude prices will remain elevated as producers like Chevron focus on improving their efficiency instead of increasing production. That should keep pushing up the share… Read More