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3 ‘Strong Buy’ MLPs Under $30 By StockNews


© Reuters. 3 ‘Strong Buy’ MLPs Under $30

Master limited partnerships (MLPs) are known for their unique tax structure that exempts them from paying corporate taxes. Given the current fluctuations in Treasury yields and the government’s plans to hike corporate taxes, we think it could be wise to bet on Alliance Resource Partners (NASDAQ:), Westlake Chemical (NYSE:) Partners (WLKP), and Star Group (SGU), which are trading below $30. These MLPs are rated ‘Strong Buy’ in our proprietary rating system. Keep reading. Although this corporate structure looks similar to a limited partner, the shares traded on stock market are traded. MLPs have the same tax advantages as limited partnerships, and they offer liquidity similar to publicly traded securities.

MLPs can be considered low-risk investments as they offer steady income via constant cash distribution. Because the Democratic Party has outlined proposed tax hikes on corporations to invest in the nation’s social safety net and climate initiatives, and Treasury yields remain volatile ahead of an upcoming Fed meeting, MLPs could be ideal bets now.

Alliance Resource Partners L.P., Westlake Chemical Partners LP(WLKP) and Star Group L.P. L.P. are solid investments now. These MLPs are currently trading below $30 and have a ‘Strong Buy’ rating in our proprietary POWR Ratings system.

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