As Chief Income Strategist Marc Lichtenfeld reveals in this week’s episode of State of the Market, Monday marked the worst day for the market since October as fears of a COVID-19 resurgence drove investors into bonds.
Travel stocks in particular were hit hard by the dip. When all was said and done, the S&P 500 was down by 1.6%.
With hopes of a complete economic recovery hindered by fears about the delta and lambda variants, investors turned to the most defensive stocks they could find…
Consumer staples stocks are considered recession-proof because their demand doesn’t dwindle in the face of an economic downturn.
In this week’s episode of his YouTube series, Marc decided to lift the hood on this supposedly tame sector and see what its highest yielders had to offer…
He discovered that the top three highest-yielding consumer staples stocks all manufacture the same product (details here).
Moreover, this sector of steady churners boasts companies with yields as high as 8.8%.
In fact, the lowest yield Marc investigated out of the sector’s top five was a whopping 5.6%.
To discover the highest-yielding stocks in this conservative sector – including which are likely to maintain their generous dividend payments – be sure to check out this week’s episode of State of the Market.