The FOMC's April minutes did not say anything new, yet the market reacted negatively for securities that do well with a weak dollar. Economic data is mixed, but is clearly not meeting at least one of the Fed's two goals. Given this, a non-raise and reversion for the stocks that took a hit look likely. We present eight stocks that are likely to get a lift.
The dividend payers that will do best after the panic and before the non-event will be the ones that benefit from a weak dollar, meaning exporters. Here are eight stocks that we think qualify. Each gets most of its sales internationally, is yielding better than 3%, and has underperformed the S&P 500 since May 18th (data from ycharts.com): General Electric (NYSE:GE), Caterpillar (NYSE:CAT), Boeing (NYSE:BA), Procter & Gamble (NYSE:PG), Chevron (NYSE:CVX), Exxon (NYSE:XOM), Dow Chemical (NYSE:DOW) and Philip Morris (NYSE:PM).
Source: Seeking Alpha
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Posted by D4L | Wednesday, June 15, 2016 | ArticleLinks | 0 comments »________________________________________________________________
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