Is this the beginning of a correction? Stocks dropped dramatically on Friday the 24th, assisting the Dow Jones Industrial Average drop 3.5% on the week while the S&P500 and the Nasdaq logged a 2.6% and 1.7% loss on the week, respectively. I've been preaching for quite some time that value dividend stocks are the place to be, and on this day of drubbing (24Jan14) the Dow lost 1.96%, S&P500 lost 2.09% and Nasdaq lost 2.15% while my value dividend portfolio lost "only" 1.73%. I believe there will be more downside to come, and as long as you're in excellent dividend paying value stocks you should be fine.
I maintain that it is difficult to find good stocks these days. That's why I'm highlighting a select set of excellent value companies in my dividend portfolio, which have had ex-dividend dates or paid out a dividend during this past week or early next week that people should place on their radar: Cisco Systems, Inc. (CSCO) designs, manufactures and sells internet protocol-based networking and other products related to the communications and information technology industry and provides services associated with these products and their use. Covidien plc (COV) is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings. Williams-Sonoma, Inc. (WSM) is a specialty retailer of products for the home, operating stores under the name of Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm and Rejuvenation.
Source: Seeking Alpha
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