2 Supercharged Dividend Stocks to Buy if There's a Market Sell-Off
Prologis (NYSE: PLD) stock trades about 25% below its three-year high-water mark. Digital Realty (NYSE: DLR) trades about 15% below its three-year peak. But when concerns about interest rate increases were more top of mind in late 2022 and 2023, these two dividend stocks were trading down more than 40% from their highs.
Value-focused investors will probably see this situation and think they missed out. However, another stock market sell-off would likely bring renewed opportunity.
Mr. Market is fickle and often swings between enthusiasm and pessimism (sometimes for no apparent reason). While it can be hard to step in and buy stocks when Wall Street is in the dumps, it is often the period when the best deals can be found. For instance, it was a great time to buy real estate investment trusts (REITs) when interest rates were heading sharply higher. Now, as the mood around interest rates has become more sanguine, REITs are recovering.
Source Fool.com
