New Trade for April 14th, 2023

Amid recession concerns, many investors are seeking ways to shore up their portfolio.  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 offers investors the opportunity 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, 2.7% forward yield.  In other words, even if the market dives again, LMT will likely stand strong.  The company runs a P/E ratio of 24 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”]



NEXT:



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)