3 Stocks You Can Buy Even as the Market Hits a New High: ConocoPhillips (COP), National-Oilwell Varco, Inc. (NOV)

LinnCo LLC (NASDAQ:LNCO)
LinnCo is a bit unique as its sole purpose is to own units of LINN Energy LLC (NASDAQ:LINE). Because LINN is structured like an MLP it causes a bit of a tax headache for some investors so the company created LinnCo to appeal to a broader investor base. My dad also owns shares of LinnCo, and like Conoco he owns this one for its generous dividend. At last count that dividend was just over 7%; however, the company already announced it was going to grow that dividend by another 8.5% later this year. As you can see below, 100% of the company’s production is based in the U.S.

Source: LINN Energy Investor Presentation

With 100% of that production hedged for the next few years, the company’s very secure dividend will continue to flow for years to come. It’s a great income stock for those investors who want to buy into domestically produced oil and gas.

National-Oilwell Varco, Inc. (NYSE:NOV)
Sticking with the energy theme, but adding a bit of diversity, National-Oilwell Varco, Inc. (NYSE:NOV) is the energy industry’s top equipment provider. Known as “No Other Vendor” because of the broad array of products it provides, the company isn’t as dependent on energy prices to profit. The only downfall, if you can call it that, is that the company’s dividend is less than 1%. However, because of its massive market share it’s among your safest bets to invest in the growth of worldwide energy production.

Even though we’re hitting new highs on the market, that doesn’t mean it’s time to sell. In fact, I think all three names on this list will reward investors in the years ahead. Sure, the market could pull back, but trying to time a pullback is a real fool’s errand.

The article 3 Stocks You Can Buy Even as the Market Hits a New High originally appeared on Fool.com and is written by Matt DiLallo.

Fool contributor Matt DiLallo owns shares of ConocoPhillips, LINN Energy, and LinnCo. Matt DiLallo has the following options: Long Jan 2014 $70 Calls on Berkshire Hathaway and Short Jun 2013 $92.5 Calls on Berkshire Hathaway. The Motley Fool recommends Berkshire Hathaway and National Oilwell Varco. The Motley Fool owns shares of Berkshire Hathaway and National Oilwell Varco.

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