3 Dividend Stocks to Buy – and 2 to Sell Now
February 07, 2017 at 05:00 AM EST
We all know financial stocks have gone through the roof since President Trump’s win. So the question becomes: what do we do with these companies now? There’s no one answer for every financial stock, of course. Some are still great, undervalued buys—but there are two that have gotten grossly overvalued and should be avoided, or sold if you hold them. (Below, I’ll reveal 3 better high-yield stocks to buy instead.) These 2 Financials Are Headed for Trouble Bank of America (BAC) is the first bank on my hit list. A Breathtaking Rise After spending most of 2016 in the red, BAC has soared more than 37% in three months. Nothing much has changed at the bank; it’s just riding a wave of euphoria as investors bet that Trump’s America will mean higher interest rates and fewer regulations, driving up BAC’s earnings. ... Read more