WHR - 3 No-Brainer Dividend Stocks to Buy With $1000 Right Now
2024-02-29 06:26:00 ET
If you invest $1,000 in a few stocks, buying into companies you will likely hold for a while makes sense to avoid trading costs eating into your returns. Moreover, a decent dividend from a stock will pay for the trading costs and return more than you might get from a bank while you wait for long-term capital appreciation.
In this context, buying into stocks that benefit when the Federal Reserve ultimately starts cutting interest rates is a good idea, and I think Whirlpool (NYSE: WHR) , Owens Corning (NYSE: OC) , and Unted Parcel Service (NYSE: UPS) are three such companies. Here's why.
Lower interest rates will do wonders for the U.S. housing market, which means there is good news for the demand for household appliances.
For further details see:
3 No-Brainer Dividend Stocks to Buy With $1,000 Right Now