This Double Digit Dividend Stock Tripled And Could Rise Another 100%

With tomorrow being Thanksgiving I thought it might do us some good to think about all of the things we have to be thankful, even in the midst of a pandemic, recession, and polarized political environment.

I’m thankful for you. You and other readers are what drive me to research investment ideas and share what I find.

I’m thankful for my wife and my family and the wonderful community that I’m a part of. And I’m thankful to this great nation that gave me a chance to serve in the U.S. Air Force when I was younger and gives me a place to earn a living and lead a successful life.

And I’m thankful to all of the men and women working tirelessly to help get us through this pandemic and return to a more normal lifestyle, whatever shape that might take once we’re through this.

The coronavirus pandemic triggered a stock market crash into bear market territory. While the major market indices have recovered the losses and even set new high water marks, there are market sectors and individual stocks that continue to be priced well below the levels in effect at the start of 2020.

Over the last few weeks, we have seen a shift of investor interest towards value stocks—but don’t worry, it’s not too late to grab some great deals.

Every market cycle is different. Recently, I saw a stat stating that during the Great Financial Crisis, real estate investment trust (REIT) values dropped by 70% and then took eight years to return to the pre-crash highs. At the beginning of the coronavirus pandemic, the U.S. major indexes lost 33% of their value in less than two months, hitting the bottom in late March. The recovery was quick, with the S&P 500 back to record levels by mid-August.

The S&P 500 covers a range of market sectors, and 2020 returns vary tremendously by industry. So far this year, the Information Technology sector leads the pack, up 32.3%. Energy lags at the opposite end of the performance matrix, down 41.1%.

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Disclaimer: The information contained in this article is neither an offer nor a recommendation to buy or sell any security, options on equities, or cryptocurrency. Investors Alley Corp. and its ...

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