Let’s talk about three dividends averaging 12%. I bring them up because everyone on Wall Street hates them.
This is notable because the suits are paid to be bullish. Sell calls are rare, especially among S&P 500 stocks. In fact, analysts shun just one index component today! Buy calls? They are numerous—405 out of 500. Eighty-one percent!
Sells are better. They set the stage for upgrades! And it doesn’t take much for analysts to flip a stock from a Sell to a Buy. Which is why savvy contrarians dig through the Sell bin.
Today we’ll discuss three hated names yielding from 6.1% to 15.7%.
This post originally appeared at Contrarian Outlook.