REXR - 2 Supercharged Dividend Stocks to Buy if There's a Stock Market Sell-Off
2024-07-21 08:21:00 ET
Wall Street is an emotional place, with stocks often going to extremes on the upside and the downside. Sure, over the long term, the market is rather efficient, but it usually has to go through some pretty wild gyrations to get there. That's why market downturns can be great times to buy stocks, though sometimes specific sectors go out of style, too. Right now Prologis (NYSE: PLD) and Rexford Industrial (NYSE: REXR) look like pretty interesting dividend stocks. If there's a broad market sell-off, they could turn into spectacular buys.
The big connection between Prologis and Rexford Industrial is that they are both real estate investment trusts (REITs) that invest in the industrial sector. That includes warehouses and manufacturing spaces. This is not an exciting property category, since the properties are usually just big boxes into which tenants put things as they move along the supply chain. Even manufacturing assets, which can be highly complex, are really just big boxes with machinery inside of them.
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2 Supercharged Dividend Stocks to Buy if There's a Stock Market Sell-Off