Sat, Apr 27, 2024 10:20 AM
Wall Street Week Ahead: Lofty US stocks leave investors punishing earnings
A Flip by Riya Sharma
An old adage says, "Sell in May, and go away." This strategy involves selling stocks at the end of April and then buying at the start of October or November. While this strategy has some merit, it doesn't hold true when the market is up from the start of the year to the end of April, at least from a backtest perspective. Each year brings new scenarios, and with so many deals in the market.
Open Flip
The high-yield dividends offered by AT&T (NYSE: T) and Verizon Communications (NYSE: VZ) are a compelling reason to consider shares in these telecom giants today. Both offer impressive yields standing at over 6%. Contrast this to the S&P 500's long-term dividend yield of 1.8%.These two companies also generate reliable revenue, since mobile phone and internet services are essential.
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While it isn't necessarily a great idea to buy a stock just because a billionaire owns it, looking at the top holdings of some of the most successful investors in the world can be a great starting point to finding excellent opportunities.There are several stocks that are popular among billionaires I wouldn't touch right now. But there are others that look extremely attractive at current levels.
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