The Dogs of the Dow strategy can lead investors to poorly performing stocks. However, it can also uncover oversold blue-chip stocks, often requiring thorough research.
While Verizon's recent downtrend in a rising market is concerning, its 7.1% dividend yield and low beta offer stability amidst market fluctuations, making it a potential pick.
Investors considering the Dogs of the Dow must not only pick the cheapest stocks but also do diligent research to ensure a turnaround plan is present.
Amid growing market optimism, there's potential upside from these laggard stocks, especially for those with substantial dividends, such as Verizon, which boasts a steady yield.
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