Published on 1 Dec 2021 on Zacks via Yahoo Finance
Virus and Fed Dampen Investors' Morale: 5 Low-Beta Stock Picks
On Nov 30, Wall Street suffered yet another blow after the Black Friday rout. Discouraging comments by a COVID-19 vaccine manufacturer regarding Omicron — the latest variant of coronavirus — and lack of data regarding it made investors shaky before the market opened on Tuesday. To make the situation worse, the Fed Chairman’s comment on the likely speeding up of the bond-buy tapering process dampened market participants’ sentiment to a great extent.
Volatility returned to the U.S. stock markets at the end of November and is likely to persist till early December. So it would be prudent to invest in low-beta dividend-paying stocks with a favorable Zacks Rank. Here are five of them — Bunge Ltd. BG, Expeditors International of Washington Inc. EXPD, Tractor Supply Co. TSCO, Watsco Inc. WSO and Thermo Fisher Scientific Inc. TMO.
Wall Street Tumbles on Virus Fear and Fed Comment