Two stocks which fit that criterion and that risk-averse investors should consider adding to their portfolios today include Thermo Fisher Scientific (NYSE: TMO) and United Parcel Service (NYSE: UPS). Healthcare giant Thermo Fisher is a stalwart that you can rely on for the foreseeable future. Thermo Fisher generates revenue from life sciences, analytical instruments, specialty diagnostics, as well as laboratory products and biopharma services, its largest segment.
The deal is expected to expand United Parcel's (UPS) end-to-end global healthcare logistics capabilities and its expertise in Europe and Latin America.
Investors looking for a safe, reliable income stream should look no further than package handler UPS (NYSE: UPS); aerospace and defense giant Raytheon Technologies (NYSE: RTX); and heating, ventilation, air conditioning, and refrigeration (HVACR) parts distributor Watsco (NYSE: WSO). Instead of chasing delivery volume for volume's sake, UPS's transformational strategy of focusing on developing business with targeted end markets (such as small and medium-sized businesses, healthcare, business-to-business e-commerce, and high-growth international business) is proving highly successful.