2 Dividend Stocks to Buy Even as New Fed Chair Kevin Warsh Holds Interest Rates Steady
Key takeaways
- UPBD It didn't take long for new Federal Reserve Chair Kevin Warsh to make some waves.
- However, the decision should give investors some breathing room as they consider dividend stocks to make up for low yields in today's fixed-income environment.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
UPBD It didn't take long for new Federal Reserve Chair Kevin Warsh to make some waves. The Federal Open Market Committee unanimously approved the decision to hold the federal funds rate steady at the 3.5%-to-3.75% range this month. But that doesn't mean the Fed won't push rates higher later this year. Inflation, after all, remains stubbornly above the Fed's 2% goal.
However, the decision should give investors some breathing room as they consider dividend stocks to make up for low yields in today's fixed-income environment. Two names I like here include Sirius XM Radio (NASDAQ: SIRI) and Upbound (NASDAQ: UPBD). Both dividend stocks could benefit from the June 17 decision to hold interest rates steady. Let's take a closer look at these two high-yielding stocks.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »