It’s no secret that as the dollar continues to strengthen, multinationals are suffering as profits are pinched. We’ll see the real impact of this during first-quarter earnings season, which kicks off in early April. In the meantime, investors are flocking to stocks with high dividend yields, which are especially attractive in this low interest rate environment. The in-flows into quality high dividend stocks are so strong now, that I recently recommended two big dividend plays in my Blue Chip Growth newsletter.
I’ve been monitoring big dividend payers and found that the following five companies are struggling in the current strong dollar market. If you currently own any of these five stocks I strongly recommend you find a good time to take profits: Caterpillar Inc. (NYSE:CAT) is the world’s largest manufacturer of earth-moving equipment. Garmin Ltd. (NASDAQ:GRMN) is based in Schaffhausen, Switzerland. Garmin manufactures and designs portable GPS products. Mattel, Inc. (NASDAQ:MAT) manufactures, creates and markets a wide array of toy products worldwide. Transocean LTD (NYSE:RIG) is an offshore contract drilling company that operates worldwide. Wynn Resorts, Limited (NASDAQ:WYNN) operates luxury casino resorts.
Source: InvestorPlace
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