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Best Water Stocks Worth Watching - September 23rd

AutoZone logo with Retail/Wholesale background

Key Points

  • MarketBeat identifies seven water stocks worth watching, including AutoZone, NuScale Power, and Coca-Cola, due to their high trading volume and essential nature of clean water demand.
  • AutoZone, a major automotive parts retailer, is noted for its recent buy-the-dip opportunity, indicating potential for investment recovery.
  • NuScale Power specializes in modular light water reactor technology, aiming to supply energy for various applications, including desalination and hydrogen production.
  • Five stocks we like better than AutoZone.

AutoZone, NuScale Power, CSX, Home Depot, CocaCola, Riot Platforms, and PepsiCo are the seven Water stocks to watch today, according to MarketBeat's stock screener tool. Water stocks are shares of publicly traded companies involved in the supply, treatment, distribution and infrastructure of water resources. They include utilities that deliver potable water, firms that design and build treatment and desalination plants, and manufacturers of pumps, pipes and filtration equipment. Investors often view water stocks as defensive assets, thanks to the essential and enduring nature of clean water demand. These companies had the highest dollar trading volume of any Water stocks within the last several days.

AutoZone (AZO)

AutoZone, Inc. retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.

Read Our Latest Research Report on AZO

NuScale Power (SMR)

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.

Read Our Latest Research Report on SMR

CSX (CSX)

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.

Read Our Latest Research Report on CSX

Home Depot (HD)

The Home Depot, Inc. operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

Read Our Latest Research Report on HD

CocaCola (KO)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Read Our Latest Research Report on KO

Riot Platforms (RIOT)

Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity.

Read Our Latest Research Report on RIOT

PepsiCo (PEP)

PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

Read Our Latest Research Report on PEP

Read More

Should You Invest $1,000 in AutoZone Right Now?

Before you consider AutoZone, you'll want to hear this.

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While AutoZone currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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