The price action on Wall Street has been devastating for the bulls. I anticipated a weak Thursday but the follow through has been a bit too harsh. This week we are likely to see some fireworks, so investors are throwing all stocks out. The good and the bad end up in the waste basket, so it’s time to get to shopping. Among the rubble are good quality high dividend stocks, which are gold for income investors. The trick is to do it in tranches and at proper intervals.
There are a few stocks that don’t have quite as much risk. Regardless, I warn against taking full positions in anything right now. I would much rather leave dry powder to see where this sentiment crisis is going. Fixed-income investors should be looking looking for the highest dividend stocks among the rubble. International Business Machines (IBM) underwhelms but not with its dividend raises. ZIM Integrated Shipping (ZIM) is too good to pass up. Reality Income (O) stock pays well and has consolidation support.
Source: InvestorPlace
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Posted by D4L | Wednesday, July 06, 2022 | ArticleLinks | 0 comments »________________________________________________________________
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