In its April 2015 “World Economic Outlook,” the International Monetary Fund termed U.S. economic growth as “energetic.” Strong consumer spending during the holiday season was buoyed by a windfall from low crude oil prices and an improving labor market. In recent months, fresher economic indicators have shown retail activity picking up, as well as healthy gains in payrolls and new-home sales. As the U.S. economy is improving, the most important stock market indices are also gaining pace. The Nasdaq is up 275% since the markets bottomed in Mar 2009 and the New York Stock Exchange climbed 165% higher. Meanwhile, the S&P 500 has gained over 210% over the same time frame.
Each of the stocks below provides a dividend yield of above 2.5% and also carries a Momentum Style Score of ‘A.’ Flaunting a solid Zacks Rank and Momentum Style Score of ‘A,’ coupled with an average price change of above 5% over the last four weeks, the following stocks are good bets for now: Darden Restaurants, Inc (DRI), Fulton Financial Corp. (FULT) and Nordic American Tankers Limited (NAT).
Source: Zacks
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