2 Dividend Stocks That Are Defying the Bear Market
The S&P 500 had a good month of July, but on a year-to-date basis, it's still down 13%. And the challenge is that with inflation still running high and companies facing headwinds due to rising costs, the worst may still be ahead. Many stocks could continue to fall further in value.
Typically, you might think that growth stocks are better options to hold, and lead to better gains. But this year, investors have been clamoring for safety, which dividend stocks can sometimes offer as their businesses normally are profitable and have better fundamentals.
Two dividend stocks that have been beating the markets by wide margins this year include Eli Lilly (NYSE: LLY) and ExxonMobil (NYSE: XOM). And here's why they could still climb higher as the year goes on.
Source Fool.com
