5 Contrarian Targets: Hated Stocks Paying Up To 13%

500 out of 500.

Do you know what that is? That, amazingly, is the number of stocks in the S&P 500 that the consensus says should be bought or held today.

Wow, so let’s do some “back of the envelope math.” There are 500 stocks in the index. And, let’s see, 500 should be bought or held. Which leaves…let’s see…zero sells.

Does that feel right to you? Feels a bit slippery to me. Analysts can keep their Buy calls. But a Sell call! Now we’re talking. They’re not there en masse but we can find some individual Sell calls to, get this, fade.

That’s right, we’re going dumpster diving for dividend payers with rare Sell ratings—so that we can step in and buy. And right now, Wall Street sees plenty of weakness in these five 6.4% to 12.9% payers, which average 8.9%. Let’s see if there’s opportunity.

This post originally appeared at Contrarian Outlook.