WFC - Forget Starbucks: Microsoft Is the Better Dividend Growth Stock
After this month's incredible rally, investors on the sidelines may feel as if they've missed the boat. With the U.S. economy reopening and adding jobs again, the "out-of-home" plays have skyrocketed recently, as they were among the hardest hit in March's sell-off.
Meanwhile, technology stocks, after a nice run earlier in the year, have stagnated as investors rotate into more beaten-down sectors of the economy. However, technology is pushing many of the big societal trends today, from 5G communications, to cloud computing, to artificial intelligence, to e-commerce, telemedicine, remote work, and remote education. Thus, tech may also be worthy of a look after its "pause."
So, what kind of stocks should you buy today, if putting new money to work? First, whether it's an out-of-home or work-from-home stock, make sure to invest in a quality business. The times are still uncertain, and with many lower quality stocks having rebounded sharply off the lows, it's probably a good time to look at some of the larger, high-quality dividend stocks in the market.