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High Yield Dividend Stocks Gaining in a Down Market

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November 09, 2012 – Comments (0)

U.S. stocks fell on Thursday and could be in line for more weakness as worries about Washington's ability to find a timely solution to the "fiscal cliff" dominate investor thinking in coming weeks.

The S&P 500 dropped for a second day and closed below its 200-day moving average for the first time in five months.  The moving average is a measure of the market's long-term trend, and a significant breakthrough that level would be seen as a sign of weakness. Just minutes before the closing bell, stocks accelerated their declines and the S&P 500 fell more than 1 percent.

Since reaching a 52-week closing high of 1,465.77 on Sept. 14, the S&P 500 has dropped 6 percent. On Wednesday, a day after Democratic President Barack Obama defeated Republican Mitt Romney in the U.S. election, the benchmark S&P 500 dropped more than 2 percent for its biggest one-day percentage decline since June 1.

The post election market selloff is based on perceived changes in fiscal policy.  While many investors are concerned about changes to dividend and capital gains, the best bet is to continue to look for long-term investments.

The list below shows the best performing dividend stocks over the past 5 trading days that are considered buys or better by First Call analyst consensus.  All of these stocks have a dividend yield of 3% or higher with a 5-day price performance of 4.85% or better.

See stock list

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