Published Mon, 16 Mar 2020 12:34:03 -0400 on Seeking Alpha
Both the S&P 500 and Dow Jones Industrial Average have fallen into bear market territory this past week.
In response to the rapid spread of the COVID-19 virus, Congress has passed a fiscal stimulus bill intended to provide economic relief to Americans.
Fiscal stimulus does not have a very good historical record, in terms of effectiveness. Plus, it comes at a time when the fiscal deficit is already quite high.
There are several ways that investors can prepare for the further pain to come and do their part to mitigate it.
I offer three recession-resistant buying themes for this week.
Every week, I try to find the five most opportunistic and timely dividend stocks to highlight as "buy" ideas and present them in these articles. This week, due to the Dow Jones (DIA) and S&P 500 (SPY) indexes both falling into bear market territory, there are too many high-quality dividend growth stocks available at good values to narrow it down to five. So, instead, I'll outline my buying strategy for this week while mentioning the stocks and ETFs I'm targeting most.
This article will have three sections: First, a note on the fiscal stimulus measures being enacted to counteract COVID-19. Second, some steps that investors can and should take to prepare for this (hopefully) once-in-a-lifetime event. Third, the stock-buying opportunities.
Fiscal Stimulus To The Rescue?
Well, that escalated quickly.
In the last few weeks, total cases of COVID-19 have exploded exponentially from less than 100 on March 1st to over 3,500 as of midday on Sunday, March 15th.
Fears of the inevitable economic impact of this pandemic, driven in part by the massive wave of large event cancellations from sports games to conferences to religious services, have led federal government authorities back to their instinctive reaction during such crises: fiscal stimulus.
Somewhere in American history, the job description of legislators... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|MONMOUTH REAL ESTATE INVESTMENT||14.31||0.0||-0.03||0.68||4.86|
|WP CAREY & CO||88.72||31.4||2.83||4.14||4.73|
|PUBLIC SERVICE ENTERPRISE||61.45||21.3||2.88||1.88||3.07|
|FEDERAL REALTY INVESTMENT TRUST||135.76||40.4||3.36||4.20||3.00|
|SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST||272.32||0.0||0.00||5.67||2.10|
|SPDR S&P 500 ETF||301.29||0.0||0.00||5.42||1.82|
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