While the post-Brexit rally has been outstanding, the market looks very overbought and ready to digest some of the big gains we have seen. The good thing for investors is there is absolutely nothing wrong with that, and taking profits now makes very good sense. The question is what to do with the proceeds. Cash is useless from a dividend standpoint, and the Treasury market is more overbought than the stock market. However, good blue chips trading way off the highs may be a good answer.
While the rising tide lifts all boats metaphor is usually correct, there are plenty of solid companies, some that reported great earnings, that are trading way below 52-week highs. In fact we screened the Merrill Lynch research database and found four stocks rated Buy with dividends of at least 4% that fit in the not-overbought club, and they have solid upside to the current price targets: CenturyLink Inc. (NYSE: CTL), General Motors Co. (NYSE: GM), Invesco Ltd. (NYSE: IVZ) and Kohl’s Corp. (NYSE: KSS).
Source: 24/7 Wall Street
Related Articles:
- Warren Buffett's Secret To 50% Returns
- 7 Undervalued, Big-Name Stocks To Consider For Your Dividend Portfolio
- 7 High-Yield Energy Stocks Growing Their Dividends
- 5 Dividend Stocks In Need Of A Market Correction
- 10 Dividend Stocks Building A Growing Cash Stream
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Many investors search for safe, dividend-paying stocks. As John D. Rockefeller once said: "Do you know the only thing that gives me ple...
-
With interest rates near zero, many investors are turning to dividend stocks for income. And for some investors, the higher the yield, the b...
-
Utility stocks have been relatively volatile in the recent past. However, most utility stocks have a low beta and have a stable cash flow vi...
-
Dividend stocks have fallen out of fashion during the pandemic. With interest rates at rock-bottom levels, investors have fled from assets l...
-
One way to identify suitable candidates is to look for stocks with an average dividend yield of 3%, and positive average annual dividend gro...
-
The rollout of fifth-generation network services, also known as 5G, enhances the appeal of each of these three dividend-paying, 5G technolog...
-
With interest rates stuck below 1%, finding income in today's market can be difficult. Therefore it makes sense for income investors to ...
-
These stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term. These include a sust...
-
Before you go ahead and fill your portfolio with dividend stocks, it would be prudent to check out their market capitalizations as well. Sev...
-
Unfortunately, some investors that are new to dividend stocks end up chasing the highest yield stocks they can find and end up getting burne...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.