5 Safe And Cheap Dividend Stocks To Invest In (October 2020)

Published Sat, 03 Oct 2020 09:43:00 -0400 on Seeking Alpha

Seeking AlphaDividend Strategy5 Safe And Cheap Dividend Stocks To Invest In (October 2020)Oct. 3, 2020 9:43 AM ET|| Includes: ADP, AFL, ALL, ATO, BK, C, CSCO, EPD, GD, HPQ, INTC, IX, LMT, MDT, MO, PRU, TD, TSN, TXN, XOMby: Financially Free InvestorFinancially Free Investor High Income DIY PortfoliosHigh-income, lower-risk portfolios suited for income-seeking investors.SummaryThis article is part of our monthly series where we highlight five companies that are large cap, relatively safe, dividend paying, and are offering large discounts to their historical norms.
It's always a good idea to keep your wish list ready by separating the wheat from the chaff.
We go over the filtering process to select just five stocks from more than 7,500 companies that are traded on US exchanges, including OTC networks. We provide two groups of five stocks, each with different goals.
The broad market has come a long way since the lows in March early this year. The S&P 500 has not only recovered all the losses from the coronavirus-induced correction but has gone to make new all-time highs. All you need to do is look at the year-to-date chart for any of the broad-market indexes, and showing a V-shaped recovery. However, of late, the rally has stalled a bit. Clearly, the market lacks a catalyst to go forward. Sure, the uncertainties about COVID-19 and the upcoming big election are not helping. There's still no consensus between the Republicans and Democrats on the next round of fiscal stimulus. Though the economy is still recovering, and in some cases faster than expected, that's something already built into stock prices. Obviously, the big question remains is where do we go from here? Needless to say, there are many challenges and uncertainties that remain, and it's very difficult to know the future with any degree of certainty, especially in the current environment.
This bull market rally has been led by technology companies. Much of the outstanding performance of the... Read more