When stocks go south, it's useful to see what's going north. An investor can get an idea of what's working under tough circumstances and perhaps get a few names worth further research. IBD did a screen of S&P 100 stocks that rose since the May 2 close. The general market came under pressure May 3 and shifted to correction the day after. The S&P 100 index is comprised of established companies, often large caps. This isn't a bad place to look for dividend stocks.
Only seven stocks in the S&P 100 have gained ground during the market decline. Five pay dividends. The five and their price gains during the market decline are: Allstate (ALL) up 5%, Walt Disney (DIS) up 4%, H.J. Heinz (HNZ) up 2.5%, News Corp. (NWSA) up 2% and Wal-Mart Stores (WMT).
Source: Investors.com
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