3 Best Dividend Stocks to Buy in May 2021 | Summary and Q&A

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May 6, 2020
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Let's Talk Money! with Joseph Hogue, CFA
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3 Best Dividend Stocks to Buy in May 2021

TL;DR

In this video, the speaker discusses three dividend stocks with yields above 5% and potential upside returns, providing insights on the market trends and his investment strategy.

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Key Insights

  • ๐ŸŒธ The speaker's dividend portfolio has experienced some losses, but he remains optimistic about the performance of certain stocks.
  • ๐Ÿข The "sell in May" phenomenon is a trend where the summer months tend to have the worst returns in the stock market. This is primarily due to slow summer trading and low stock volumes, which amplify price swings.
  • ๐Ÿ”Š The speaker is cautious about the market in 2020, considering factors such as high unemployment rates, projected double-digit hits to corporate earnings, and the risk of a resurgence in virus infections.
  • ๐Ÿฅณ Stocks in general are trading at expensive levels compared to their long-term price-to-earnings ratios.
  • ๐Ÿ–๏ธ The speaker focuses on stocks with strong balance sheets, deep value potential, and opportunities for contrarian plays in sectors like healthcare, financials, real estate, and energy.
  • ๐Ÿ‡ฆ๐Ÿ‡ธ American International Group (AIG) is highlighted as a stock with potential for a rebound and a solid dividend yield of 5.5%.
  • โœ‹ Global Medical REIT (GMR) is mentioned as a small-cap healthcare real estate investment trust (REIT) with a high dividend yield.
  • ๐Ÿ–๏ธ Phillips 66 is recommended as a contrarian play in the oil industry, with a focus on its downstream assets and diversification in refining, retail, midstream pipeline operations, and chemicals.

Transcript

hey bowtie nation Joseph Hogue here with let's talk money welcome to another one of these informal videos and and you know I love these types of videos because I can record one and get these stock picks out of the same day instead instead of waiting a week to do that editing and today we're updating our 2020 dividend portfolio with three dividend s... Read More

Questions & Answers

Q: What is the purpose of the speaker's dividend portfolio?

The speaker started a dividend portfolio to generate income and grow his investments. He adds three stocks to the portfolio each month.

Q: How does the speaker determine which stocks to add to the dividend portfolio?

The speaker looks for stocks with strong balance sheets, deep value potential, and opportunities for contrarian plays. He prioritizes sectors like healthcare, financials, real estate, and energy.

Q: Why does the speaker believe American International Group (AIG) is a good investment?

Despite AIG's past struggles, the speaker believes it has potential for a rebound due to its solid balance sheet and well-capitalized position. AIG's dividend yield of 5.5% also adds to its attractiveness.

Q: Why does the speaker recommend Phillips 66 as a dividend stock?

Phillips 66 is seen as a contrarian play in the oil industry. As a downstream company with refining, retail, and midstream pipeline assets, it is well-positioned to benefit from a potential rebound in oil demand.

Summary & Key Takeaways

  • The speaker updates his 2020 dividend portfolio with three dividend stocks, focusing on those with high yields and potential for returns.

  • The portfolio has experienced some losses, but the speaker remains confident in the long-term performance of certain stocks.

  • The speaker highlights the "sell in May" phenomenon and discusses the potential for a market sell-off during the summer months.

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