Worried about recent market volatility? These seven stocks will help calm your fears
While it may seem like a coincidence that the market often
tanks right around Halloween, there’s a good reason why fall is a scary time
for investors. That’s because many traders and fund managers tend to relax in
late summer, going on vacation and otherwise tuning out of the markets. After
Labor Day, all the smart money gets back to work. If financial conditions have
deteriorated significantly in the interim, it can lead to growing waves of
technically induced selling that crescendo in October or early November. Value,
growth, dividend stocks — everything is on edge.
And in 2018, while the American economy remains robust,
other headwinds are causing investors to panic. Causing perhaps the most
concern, the new Federal Reserve chairman — Jerome Powell — seems inclined to
keep hiking interest rates regardless of what markets do. That is in stark
contrast to Ben Bernanke and Janet Yellen, who would always back off whenever
markets showed weakness.
On top of that, trade war problems are continuing to mount.
We’re seeing increasing cost pressures in this earnings season.
Add it all up, and things are starting to get tense. That
leaves investors wondering where they can go for safety.
After years of tech outperforming everything, earnings
misses from Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Amazon (NASDAQ:AMZN) and
numerous semiconductor companies have people bailing on growth as well. That
leaves safe haven dividend stocks as a more favorable alternative. Here are
seven worth taking a look at today.
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