The often asked question when the markets continue to hit or trade at all-time highs is what and where to look for ideas, especially if dividends are important? Chasing the bond proxy stocks looks like less than stellar idea at this time, and if rates do move higher later this year and in 2017, they could get hammered. Investors with a touch more risk appetite may want to look at stocks hitting five-year relative lows that still pay dividends.
A recent Jefferies research note had a list of stocks hitting five-year relative lows and highs. While it’s a good bet momentum traders are interested in stocks hitting the highs, we were intrigued by three stocks on the list that we found were rated Buy by major Wall Street firms even as they are hitting five-year relative lows; Frontier Communications Corporation (NASDAQ: FTR), Office Depot. Staples Inc. (NASDAQ: SPLS) and T. Rowe Price Group Inc. (NASDAQ: TROW).
Source: Wall St. 24/7
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- The 2016 Elite Dividend Stocks List
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- 3 High-Yield Dividend Achievers With 25 Years of Increases
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