2023-09-15 09:53:00 ET
It can often be a good idea to buy a stock when Wall Street is negative about it. The problem is that investors are usually negative for good reasons, which means you need to be pretty sure a company can muddle through whatever has the market worried.
Right now, Hormel Foods (NYSE: HRL) and Realty Income (NYSE: O) are both in the doghouse, but there's good reason to think that each can overcome their near-term challenges. For long-term dividend investors, this provides an excellent buying opportunity today.
With 57 years of annual dividend increases behind it, Hormel Foods has clearly had to muddle through good periods and bad ones. Today is one of the bad ones. And yet, even in the face of difficulty, this Dividend King continues to increase its dividend, rewarding investors for sticking around. The latest hike, meanwhile, wasn't just a token, it was roughly 6%, which is a pretty solid figure.
For further details see:
2 Brilliant Stocks to Buy Now and Hold Forever