2 Rock-Solid Dividend Stocks to Buy Right Now
Thanks to skyrocketing inflation, the Federal Reserve's plan to raise interest rates, and the threat of war in Ukraine, every major U.S. stock index has lost significant ground since the start of the new year. The tech-heavy Nasdaq Composite, in fact, is nearing full-blown correction territory, with its shares down by over 14.6% just four weeks into 2022.
To combat this dour market, investors have been shifting toward so-called safe haven stocks. Safe haven stocks, in the classic sense, are companies with solid balance sheets, economically insensitive revenue streams, and well-funded dividend programs.
Which stocks are the best safe havens for investors right now? American Express (NYSE: AXP) and Lockheed Martin Corporation (NYSE: LMT) are two rock-solid dividend stocks that ought to shine in this bear market. Here's why.
Source Fool.com
