Cruising Overseas for Yield

Wal-Mart (WMT) has confirmed my recent concerns about the health of U.S. consumer spending. The retailing behemoth's leaked emails show that it is experiencing its slowest start to a month in seven years. The conference call should be very interesting when it reports earnings Thursday.

A slowdown in consumer spending, which makes up some 70% of the U.S. economy, is one of my biggest worries around the market right now. It is also the main reason I am deeply underweight the consumer discretionary sector and turning a bit more conservative in running my portfolio. New money is being allocated to lower-beta, high-yielding stocks. Let's look at two overseas dividend stocks that look attractive right now. Neither company a growth juggernaut, but both provide robust yields and cheap valuations....247 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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