PFE - 2 Beaten-Down Dividend Stocks Near 52-Week Lows. Should You Buy the Dips?
2024-05-28 06:22:00 ET
Does the stock market feel overbought to you? After watching the benchmark S&P 500 index climb about 28% over the past year, nobody can blame value-conscious investors for thinking twice before buying any stocks these days.
The benchmark index is way up, but not all of its components have participated in the rally. Shares of Pfizer (NYSE: PFE) and Walgreens Boots Alliance (NASDAQ: WBA) have been beaten down more than 25% over the past 12 months.
Both of these dividend-paying stocks have been beaten down so far that they offer yields above 5% at recent prices. Here's a closer look to see if buying them on the dips is a smart move.
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2 Beaten-Down Dividend Stocks Near 52-Week Lows. Should You Buy the Dips?