My Top Dividend Stock to Buy Amid the Coronavirus Crisis
The broader stock market has staged a partial recovery in the past few trading sessions after crashing hard in the wake of the novel coronavirus pandemic. But there is no guarantee that the recovery is going to continue as new economic data -- such as unprecedented unemployment claims and a sharp drop in consumer confidence -- continues to be released.
The upcoming earnings season is also going to be a tough one for corporate America. Analysts expect the S&P 500 index's earnings for the recently concluded first quarter to drop an average of 5.2%, followed by a double-digit decline in the second quarter. So, a weak earnings season could trigger the second part of the COVID-19-induced stock market crash.
This could be an opportunity for savvy investors to dig into dividend stocks that are trading at attractive levels right now and are generally considered better able to weather the downturn. Marvell Technology Group (NASDAQ: MRVL) is one such dividend stock that could help investors take advantage of secular tech trends and also provide an income stream.
Source Fool.com
