Getting Defensive With Two Dividend Plays
On Monday, the market managed to shrug off the weekend's elections in France and Greece, and equities ended the day fairly flat. However, the acceleration of the problems in Europe is only just beginning, and as a result, I would look for increased volatility in our markets over the coming months.
Given the large gains of the previous six months, I believe the best-case scenario is that the market will tread water through the summer. The chances of a significant pullback are escalating. The prudent investor should take a more defensive tone until we get some clarity on the European situation or strong GDP growth domestically. I would look to shift assets to low-beta names that have solid dividends, a high percentage of recurring revenue and robust cash flow. Here are two stocks that meet these criteria:...340 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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