Even though GDP is growing nicely, consumer spending is red hot and unemployment is low, the stocks that are outperforming are all ones we’d want to own during a recession. That’s not a great development, particularly as investors dump FANG and multiple sectors into bear market territory. It has been an ugly showing to say the least, but can we get back on the right track? Let’s take a closer look at a few dividend stocks trading like growth stocks.
Johnson & Johnson (NYSE:JNJ) did stumble from over $138 to $132 in early October, but it didn’t take long for investors to find comfort in this long-time dividend stalwart. Some fast-food and fast-casual names have been on fire and McDonald’s (NYSE:MCD) is no exception. Coca-Cola (NYSE:KO) is another one showing signs of exhaustion. Like KO, the turnaround efforts are working for Procter & Gamble (NYSE:PG). Also a “lower high” candidate, Verizon (NYSE:VZ) is chopping around near its highs. But as they say on Wall Street, the trend is your friend until it bends. With PepsiCo (NYSE:PEP), there has been no such bend. As if the first six names on this list weren’t an obvious indicator, the performance by Realty Income (NYSE:O) and other REITs is a major sign that investors are seeking high-quality income.
Source: InvestorPlace
Related Articles:
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- What's Your Retirement Vision?
- The Most Important Financial Statement When Selecting Dividend Growth Stocks
- Stock Dividends, The Gift of Nothing
- What's More Powerful Than Compound Interest?
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