Bearish Morgan Stanley Strategist Says Sell the Rally Now: 7 Ultra-Safe Stocks With Huge Dividends

AT&T also provides data, voice, security, cloud solutions, outsourcing and managed and professional services, as well as customer premises equipment for multinational corporations, small and midsized businesses, and governmental and wholesale customers. In addition, it offers broadband fiber and legacy telephony voice communication services to residential customers.

It markets its communications services and products under the AT&T, Cricket, AT&T Prepaid and AT&T Fiber brand names. The company’s Latin America segment provides wireless services in Mexico and video services in Latin America. This segment markets its services and products under the AT&T and Unefon brand names.

Shareholders receive a 6.06% dividend. Raymond James has a Strong Buy rating for AT&T stock, and its $25 price objective compares with a $21.13 consensus target and the most recent close at $18.44 a share.

Citigroup

This top bank stock has rallied nicely off the lows, and Warren Buffett bought $2.5 billion worth of shares last summer. Citigroup Inc. (NYSE: C) is a leading global diversified financial service company that provides consumers, corporations and governments a broad range of financial products and services.

The company offers services such as consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. And it operates and does business in more than 160 countries and jurisdictions in North America, Latin America, Asia and elsewhere.

Trading at a still very cheap 8.98 times estimated 2023 earnings, this stock looks very reasonable in what remains a volatile stock market, as well as in a sector that has lagged dramatically, especially after the recent bank failures.

Citigroup stock comes with a 4.20% dividend. Oppenheimer’s $87 price target is a Wall Street high. The $58.32 consensus target is closer to Tuesday’s close at $47.40, which was up almost 6% on the day as the big banks bounced back.

Dow

This stock certainly offers investors growth and income potential. Dow Inc. (NYSE: DOW) is a leading materials science company and was formed from the merger of Dow and DuPont in 2017 and the subsequent spin-off 2019. The company is organized into three principal divisions: Performance Materials & Coatings (23% of EBITDA), Industrial Intermediates & Infrastructure (27%) and Packaging & Specialty Plastics (51%).

The company’s segments include Agricultural Sciences, which is engaged in providing crop protection and seed/plant biotechnology products and technologies, urban pest management solutions and healthy oils. The Consumer Solutions segment consists of Consumer Care, Dow Automotive Systems, Dow Electronic Materials and Consumer Solutions-Silicones businesses.

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