We haven’t had a 5% pullback since June of last year, right around the time of the Brexit vote. That is the longest stretch since 1994 to 1996 and the fourth longest since 1958. That means it may be time for some caution. We screened the Merrill Lynch US 1 list of high conviction stock picks and found four companies with solid upside potential that all pay dividends. All are outstanding picks for growth and income accounts.
This stock has had a solid year but is still down over 10% from highs printed in 2014. American Express Co. (NYSE: AXP) provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. Comcast Corp. (NASDAQ: CMCSA) is the largest U.S. provider of cable services, with over 22 million basic subscribers. Delta Air Lines Inc. (NYSE: DAL) and the regional Delta Connection carriers offer service to 334 destinations in 64 countries on six continents. Newell Brands Inc. (NYSE: NWL) is a manufacturer and marketer of consumer products has six reporting segments, including the recently acquired Jarden.
Source: Wall St. 24/7
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