Wall Street Is as Bearish as 2009: 4 Top Dividend Stocks to Buy Right Now

If you remember the dark days of 2009, then it may surprise you to know that currently Wall Street strategists and those who prognosticate the future are as bearish as they were then. In a new research note from Merrill Lynch, strategist Savita Subramanian points out that the sell side indicator fell recently to a six-month low of 52.6, which suggests that much of Wall Street is as negative as 2009. We screened the Merrill Lynch research universe database and found four outstanding dividend stocks that are rated Buy and also offer tremendous value now.

This is one of the top mega-cap technology stock picks on Wall Street, and perhaps a surprising defensive pick for volatile markets like we have witnessed. Cisco Systems Inc. (NASDAQ: CSCO) posted disappointing earnings in November, and many on Wall Street have lowered the price target for the networking giant significantly. This stock checks in at high on the global pharmaceutical lists at many top Wall Street firms and is on the Merrill Lynch US 1 list. Eli Lilly and Co. (NYSE: LLY) is a global health care company with numerous core products in a number of primary-care pharmaceutical markets. This iconic blue chip industrial was on a strong roll late last year, but it sold off last month and is giving investors a nice entry point. General Electric Co. (NYSE: GE) is a highly diversified, global industrial corporation. 3M Co. (NYSE: MMM) is a diversified, global manufacturer with technology-driven businesses. Its popular brands include Scotch, Post-It, 3M and Thinsulate. The company also holds over 500 U.S. patents.

Source: Wall St. 24/7

Related Articles:
- 10 Dividend Stocks With A 10% Yield In 10 Years

- 7 Dividend Stocks Yielding Over 3%, With Tiny Payout Ratios
- Warren Buffett's Secret To 50% Returns
- 7 Undervalued, Big-Name Stocks To Consider For Your Dividend Portfolio
- 7 High-Yield Energy Stocks Growing Their Dividends