The post 2 “Santa Claus” Dividends To Buy Before 2024 appeared on BitcoinEthereumNews.com.

Portrait of Father Christmas Reading letters from children in his grotto getty Look, we’ve all loved watching our dividend payers rocket to the moon these past few weeks. Best part is, most of the market has been onboard! SPY Returns Ycharts Here we can see the jump in the S&P 500 as a whole (in purple) versus its return on an equal-weight basis (in orange). Sure, there’s a bit of a gap, but safe to say this has been an across-the-board surge. We can (in a backhanded way!) thank Jay Powell—just as he hinted that high Treasury yields were doing the Fed’s work for it, the bond market (figuratively) flipped him off … and Treasury yields plunged from 5% to around 4.6% now. Here’s my prediction: yields will keep falling—and (some) stocks will keep rising. Wait until December. The Santa Claus rally will be in effect and the Fed will turn dovish, with the economy tracking toward that soft landing. Inflation will keep fading. But here’s the twist: we won’t be able to simply buy anything and enjoy the next leg up. There’s still a lot of fear out there. Quality will come first, second and third on most folks’ lists as they finally buy back in. So now is the time for us to dump weak holdings “on the rip” and shift into the remaining bargain-priced dividend stars out there. Which brings me to the four tickers below. The first two are flawed dividends that need to be sold yesterday. The next two are bargain buys worthy of shifting your cash into. “On the Rip” Sell No. 1: Kohl’s (KSS) If you hold department-store retailer Kohl’s, you have my sympathy. It’s the poster child for cardiac share-price action! If you’re hoping for yet another rise from the grave, dear…

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Filed under: News - @ November 15, 2023 7:22 pm