We have noted for months here at 24/7 Wall St. that the market is very overbought and that we have not had a 5% market correction since this time last year. Toss in the fact that inflation is rearing its ugly head, and we could be in for the kind of September swoon that has hit the equity markets in the past. We screened the BofA Securities research universe looking for companies that paid solid and dependable dividends, had Buy-rated stocks and also had the firm’s best volatility risk rating.
Coca-Cola Co. (NYSE: KO) is the world’s largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Many of the Wall Street firms that we cover are still very positive on utilities, and this company is highly rated. Dominion Energy Inc. (NYSE: D) is an American power and energy company. Kellogg Co. (NYSE: K) is the global leader in breakfast cereal, and its other principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, frozen waffles, veggie foods and noodles. Mondelez International Inc. (NASDAQ: MDLZ) manufactures and markets snack food and beverage products worldwide. Verizon Communications Inc. (NYSE: VZ) is one of the largest U.S. telecom companies.
Source: 24/7 Wall Street
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