While a big Tuesday rally was a welcome relief to investors, the bottom line is that this was likely yet another oversold bear market rally. The reality for investors is that interest rates increases and inflation will continue, and history says it will not be pretty.
Surprisingly, the utilities also were caught up in the selling, losing a stunning 9.2% last week. That may be offering worried investors a sparkling entry point to a sector that typically is considered the proper and safe place for widows and orphans to be. With temperatures around the country spiking higher than usual, you can bet the demand for electricity will jump.
We screened our 24/7 Wall St. utility research database, looking for the top companies that pay big and reliable dividends with stocks rated Buy at top firms across Wall Street. We found seven companies that look like outstanding ideas for worried investors.
The post This Sector With Dependable, Big Dividends Likely Will Dodge the Bear Market originally appeared at 24/7 Wall St.