2 Beaten-Down Dividend Stocks Near Their 52-Week Lows
The bear market isn't over, but trying to predict when it will come to an end can be a costly and timely exercise. If investors wait on the sidelines for a recovery to happen, the risk is that they could end up missing some great deals and the ability to profit from them. Two dividend stocks that already look like solid buys right now, trading near their 52-week lows, are Target (NYSE: TGT) and Verizon Communications (NYSE: VZ).
Big-box retailer Target struggled this year due to supply chain issues and inflation. Its inventory levels remain elevated, and that could be a concern for the company heading into 2023. You may be tempted to wait to see what happens with the business, but the reality is that Target is already a good buy, particularly for long-term investors.
The stock trades at 14 times its future earnings (based on analyst expectations). That's far cheaper than rival Walmart, where investors are paying a multiple of 22.
Source Fool.com
