As the markets continue to show uncertainty and a lack of capitulation, investors are looking for a place to hunker down. The best place at this time is in low beta stocks with dividend yields (defensive stocks) to support the share price. I had identified 5 stocks that are up in price the last 4 weeks and have a bullish outlook for when the market rallies. Here are 5 stocks to consider:
Tobacco operator Altria Group (MO) seems to do well in these types of markets. It is up 4.9% over the last 4 weeks. It has a low beta of 0.25 with a dividend yield of 4.91%. MO has an equity summary score of 7.4 out of 10 for a Bullish outlook.
Low cost retailer Wal-Mart (WMT) shines when there is a slow economy. WMT is up 14% in the last 4 weeks. It has a beta of 0.33 and a dividend yield of 2.35%. WMT has an equity summary score of 8.4 out of 10 for a Bullish outlook.
Telecom giant AT&T (T) is a steady as they go in this type of market. AT&T is up 5.4% in the last 4 weeks. It has a beta of 0.57 and a dividend yield of 5.03%. AT&T has an equity summary score of 9.8 out of 10 for a VERY Bullish outlook.
Retailer Target Corp (TGT) has been performing great this year. TGT is up 5.13% in the last 4 weeks. It has a beta of 0.58 with a dividend yield of 2.06%. TGT just announced a 20% increase in its dividend. TGT has an equity summary score of 9.2 out of 10 for a VERY Bullish outlook.
Pharmaceutical giant Bristol-Myers Squibb (BMY) is a solid dividend stock. BMY is up 3.73% in the past month. It has a beta of 0.41 with a dividend yield of 3.97%. BMY has an equity summary score of 9.1 out of 10 for a VERY Bullish outlook.