REXR - Two High Conviction Dividend Buys For This Upside-Down Market
2024-06-22 08:05:00 ET
Summary
- FOMO is driving stock market decisions, especially with meme stocks like GameStop and high-flying AI stocks.
- That's why I prefer discounted dividend stocks over growth stocks, and highlight two picks that offer durable capital returns.
- Both names carry strong balance sheets, pay well-above market average dividend yields, and are trading at substantial discounts to their historical valuations.
FOMO (fear of missing out) is hard to ignore when it comes to buying stocks in today's market, especially when influencers post headline-making comments about meme stocks like GameStop ( GME ) or when expensive stocks just keep going up, as in the case of Nvidia ( NVDA ), whose market cap just surpassed that of Microsoft ( MSFT ) to become the world's most valuable company....
Two High Conviction Dividend Buys For This Upside-Down Market