President Trump has set the stage for the beginning of the end of the world, taking advantage of unlimited largesse from the United States, a practice that began after World War II and has been in place ever since. Foreign countries and companies have been allowed to sell their products in the United States at virtually no cost. In contrast, American companies face tariffs and VAT taxes on products sold in foreign countries.
While that playing field is being leveled, many foreign companies and domestic giants are pledging billions of dollars in capital to be invested in and used to expand U.S. manufacturing.
One advantage for domestic companies with a smaller overseas presence is that they will continue to operate virtually free from many of the restrictions imposed on companies that export and have large foreign sales. One sector that is particularly attractive at present is the financial sector, which encompasses not only banks but also insurance companies.
We screened our 24/7 Wall St. financial dividend stocks research database, looking for companies that are Buy-rated across Wall Street, pay big and dependable dividends, and trade at a reasonable multiple. Five top companies have come into view, and all make sense now, especially after a market sell-off that has made everything appear more affordable.
This post originally appeared at 24/7 Wall St.