The last quarter has historically been good for equities. Potential reversal in monetary policy stance in 2024 is another impending catalyst for the market. Given these factors, it’s a good time to accumulate some undervalued dividend stocks.
In the first three quarters of the year, several dividend and growth stocks have surged. As a result, certain stocks are trading at stretched valuations even as the broader market looks attractive. Investors will look for value stocks, which possibly means names that trade at a valuation gap will be in the limelight.
These massively undervalued dividend stocks are poised for a strong rally in the next 12 to 15 months, potentially delivering 40% to 50% total returns.
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