Stocks climbed in morning trading on the last day of the
second quarter to finish off what has been a wild three-month stretch for the
market. The tech-heavy Nasdaq has returned to new highs and the S&P 500 has
come somewhat near its pre-coronavirus levels. Despite the impressive run for
the market, fears about spikes in Covid-19 cases in the parts of the U.S. have
some on Wall Street nervous.
Politicians in states such as California, Texas, Arizona,
and elsewhere have reversed some reopening plans, as Disney (DIS - Free Report)
postpones the reopening its California park and Apple (AAPL - Free Report)
shuts down more stores. That said, stocks surged Monday on the back of
better-than-expected pending home sales, which helped highlight May’s economic
comeback from what appears to be rock-bottom in April.
The Dow, the S&P 500, and the Nasdaq are all finishing
up their best quarter in years, but June marked a major slowdown and a return
to some volatility. In fact, the S&P 500 has moved almost completely
sideways in June but is still up over 37% since March 23.
It’s unclear where the market will go if the coronavirus
spikes and constant negative headlines continue. However, the political will
for a second broad-based lockdown likely isn’t there unless things get far
worse. Plus, Wall Street is ready to remain in don’t fight the Fed mode.
With all this in mind, let’s dive into three stocks with
solid dividend yields that appear ready to continue to weather the coronavirus
economic downturn in the second half of 2020…
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