Reported 6 months ago
Market expert Ed Yardeni predicts a slower yet bullish market, suggesting defensive stocks like high-yield dividend payers might be the way to go. Two such stocks, Star Bulk Carriers and Frontline, Ltd., with dividend yields up to 11% and 8.9% respectively, have shown strong performance and Strong Buy consensus ratings. Star Bulk Carriers owns a fleet of dry bulk carriers and outperformed the NASDAQ index by 22%, while Frontline operates tankers for crude oil products and saw a 41% stock gain. Analysts like Stifel's Benjamin Nolan and Jefferies' Omar Nokta recommend buying these stocks with upside potential of up to 28.5% and 20.9% respectively, factoring in dividend yields.
Source: YAHOO