The Federal Reserve’s slower-than-expected rate cuts have led to a market sell-off, particularly affecting high-yield stocks. However, this trend also presents buying opportunities for some dividend growth stocks that have pulled back in price.
Not all high-yielding dividend growth stocks are suitable investments at present. Two stocks that may be worth considering include:
One stock to avoid: MPLX
Two stocks to buy: CWEN.A and [second stock not specified]
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Disclaimer: Analysts have a beneficial long position in MPLX and may hold other stocks mentioned in the article. Seeking Alpha’s disclosure notes that past performance is no guarantee of future results and that investing involves risks not suitable for all investors.
Source: https://seekingalpha.com/article/4745558-7-8-percent-yields-crashing-1-to-avoid-2-to-buy