The basic material sector is under fire. Nobody wants to go long on raw material producer or related industries. The fear of slowing growth in China with the result of cheaper commodity prices is still alive. The whole sector is down 3.1 percent over the recent six months, while the best sector gained 17.9 percent during the same period. So many stocks can be bought for a single P/E within the sector but the risk is still high.
Today I would like to proceed with my monthly screening serial about high beta dividend stocks. The basic material sector has a huge base of stock ideas in this field. Thirteen companies fulfilled these criteria of which one is a high-yield. All results have a current buy or better rating. Here are the highest yielding results: Seadrill (SDRL), ArcelorMittal (MT), Vale (VALE) and Transocean (RIG).
Source: Guru Fous
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