The S&P 500 has almost
recovered its losses this year, and we are close to breaking into
positive territory. The Fed paused on raising interest rates, and
reduced the number of rate hikes it expects to employ this year. This
is pretty good news for the market, as the lower rates should be around
for at least a few more months.
At the same
time, this news shows how the Fed is cautious of the volatile
macroeconomy. There are reasons to be optimistic, but just as many (if
not more) reasons to remain cautious. There are many questions which
need to be answered with regards to Chinese growth concerns, oil
production and supply, Eurozone stability, and so on.
These
questions are sure to pop back up and cause more volatility as we
progress through the year. Over the last few weeks, the market has been
bullish. If you expect the trend to continue, but still want some
income to secure your returns if things don’t go your way, we’ve got
just the right stocks for you now.
Below,
we outline three Buy-ranked stocks with dividend yields north of 3%.
These companies also have considerable growth potential, with an
attractive combination of profitability, sales growth, ROE, and other
fundamental metrics.
Source: YahooFinance
Source: YahooFinance