Why 5 High-Bid Dividend Stocks Can Withstand the Bear Market – 24/7 Wall St.


For years, analysts and portfolio managers anticipated the return of value stocks as the market rose, and for years they continued to underperform growth stocks. However, that changed in 2022 as nearly every metric, from valuations to earnings for the growth area, began to turn around.

Value stocks are generally defined as stocks of a company with strong fundamentals that are priced below those of its peers, based on an analysis of price-to-earnings ratio, yield and other factors. Each week, Jefferies offers its top picks. With second-quarter earnings reports nearing completion and attention turning to the Federal Reserve and the Jackson Hole meeting this week, it may be a good idea to sell stocks that tore apart during the summer rally and to turn to ideas of value.

We sifted through Jefferies’ best value ideas looking for stocks that would hold up in case the summer rally was indeed a bearish rally. We also looked for the best “strong buy” ideas that were paying strong and reliable dividends. The following five hit our screen and all seem very timely now. While all are rated Buy at Jefferies, it is important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.

Ameriprise Financial

This company has seen steady growth in assets under management and is a solid choice for investors looking to add financial services. Ameriprise Financial Inc. (NYSE: AMP) provides a variety of financial products and services to individual and institutional clients in the United States and internationally.

The Company’s Advice and Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-discretionary investment advisory accounts; mutual fund; insurance and annuity products; cash management and banking products; and face value certificates.

The Asset Management segment provides investment management and advisory services, as well as investment products to individuals, high net worth clients and institutional clients through unaffiliated third-party financial institutions and a institutional sales force. Products in this segment also include U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds, variable-product funds underlying segregated insurance and annuity accounts, and management products institutional assets, such as traditional asset classes, separately managed accounts, individually managed accounts, loan-backed bonds, hedge funds, pooled funds, and real estate and infrastructure funds.

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The Retirement and Protection Solutions segment offers variable annuity products to individual clients, as well as life and disability insurance products to retail clients.

Investors in Ameriprise Financial shares receive a dividend of 1.76%. Team Jefferies has a price target of $350, while the consensus target is $303.11. The stock closed nearly 3% lower on Monday at $276.99.

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