The bullish behavior of Dow Jones is driving investors towards dividend paying stocks and out of U.S. Treasuries, as yields rise. Here are the Top 5 Dividend Stocks.
15 February, AtoZForex – The Dow Jones Industrial average surged 0.45 percent to 20,504.41 points on Tuesday trading session. The S&P 500 and Nasdaq 100 also advanced due to the positive behavior of investors for the stocks.
Top 5 Dividend Stocks
Here, I have shortlisted Top 5 Dividend stocks which are fundamentally and technically performing well since the last few months. You should keep an eye on these stocks as these stocks will help you to earn in future. It's up to you to find the good and quality stocks that can continue to increase your payouts. Here are the list of Top 5 Dividend stocks:
Tyson Foods (TSN)
My first stock pick is Tyson Foods (TSN), the company is best known for its chicken products which are sold in grocery stores. Earlier the company fell on hard times but now the stocks are stable. The stock is forming a strong support at 61.20 level. The SMA200 line is below the SMA100 which indicates the stock is a good buy. My target for Tyson Foods in short term is 72-75 levels.
Texas Instruments (TXN)
Though the STOCHRSI indicator for a period 14 showing the stock at overbought level but still its a must buy stock. The SMA 200 is below the SMA 100 level which signify must buy for the stock. According to MACD (12,26), the stock is signaling a buy.
Expeditors International (EXPD)
Expeditors international is a leading third-party logistics service provider as the company is engaged in the global logistics management business. Moving towards the technicals of the stock, it is forming a strong support at 51.22 levels. The SMA200 line is below the SMA100 hence it's a must buy.
Hormel Foods (HRL)
Hormel foods are forming a strong support at 35.08 level and a resistance of 39.16 for the monthly period. The SMA200 line is below the SMA100 hence the stock is a must buy.
S&P Global (SPGI)
Though some of the analysts are neutral on this stock but I believe that the stock will rise in long term. My target for this stock is 139- 142 points in mid-term.
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