New Trade for March 10th, 2023

Stocks ticked lower this morning and were on track for a losing week after Federal Reserve Chair Powell reaffirmed the central bank’s aggressive stance in its fight against inflation. Nearly half of all market participants are now betting on a 50 basis point interest following the Fed’s upcoming meeting.

Many investors are seeking ways to shore up their portfolios amid growing concerns about higher rates for longer. Investing in dividend-paying stocks can be a great way to generate predictable returns during times of uncertainty. Our recommendation for today has a long history of paying generous dividends and allows investors to earn a steady income with relatively low risk.

Lockheed Martin (LMT)

Given the recession-proof nature of defense contracting, Lockheed Martin should continue reporting positive results and rewarding shareholders through its quarterly 2.5% forward yield. In other words, LMT will likely stand firm even if the market dives again. The company runs a P/E ratio of 22 times, below the sector median of 28.3 times. As well, LMT features excellent longer-term growth and profitability metrics.

[stock_market_widget type=”accordion” template=”extended” color=”#5679FF” assets=”LMT” start_expanded=”true” display_currency_symbol=”true” api=”yf”]


Get Free Stock Picks via SMS by Signing Up Below!

I would like to receive timely trade ideas and stock watchlists from Wall Street Watchdogs at the phone number provided. Message frequency varies. Message and data rates may apply. Reply HELP for help or STOP to cancel.(Watchdogs SMS Terms of Service & Privacy Policy)