With the market up just 2.4% so far this year, buying now means you probably won’t pay much more than you would have back in January. As I’m sure you’ll recall, the S&P 500’s nosedive started before we’d even put the New Year’s confetti away. By mid-February, it had shed 11% of its value. But if you’re a regular reader, you’ll also recall that we were ready to pounce when the market bottomed on February 11. But what about the next six months?
One thing that’s certainly off the table is an interest rate hike. Brexit has put paid to that. The “smart money” agrees: traders betting via the Fed funds futures market are now pricing in no rate hike until 2018. In fact, the odds of a rate cut are greater than those of a hike in the next six months. The upshot? Strong dividend-growth stocks that had been weighed down by interest rate worries now have the green light. Here are three that are great buys now: Eaton Corporation, PLC Ordinary Shares (ETN), JPMorgan Chase & Co. (JPM) and Welltower Inc (HCN).
Source: InvestorPlace
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Posted by D4L | Sunday, July 24, 2016 | ArticleLinks | 0 comments »________________________________________________________________
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