According to Bankrate, the Dogs of the Dow strategy for 2024 involves buying the 10 highest dividend-yielding stocks in the Dow Jones at the start of the year. The top dividend stocks for 2024 are:
- WBA: 11.14%
- VZ: 6.17%
- MMM: 5.29%
- DOW: 4.5%
- IBM: 3.12%
- CVX: 3.11%
- AMGN: 3.01%
- KO: 2.75%
- CSCO: 2.68%
- JNJ: 2.63%
According to Yahoo Finance, this week’s economic data may be a major positive for the stock market. If Friday’s labor market report surprises to the upside, it could boost the market further, as signs of continuous economic growth, a strong labor market, and decreasing inflation would be interpreted as favorable for continued interest rate cuts by the Fed.
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