Rising inflation, the Federal Reserve’s decision to taper its bond-buying, and several other factors are expected to keep the stock market under pressure in the near term. So, it could be wise to bet on high-yield stocks China Petroleum & Chemical (NYSE:SNP), Dow (DOW), Ternium (TX), and KT Corporation (NYSE:KT), which look undervalued at their current price levels, to secure a steady stream of income.Since rising inflation, geopolitical tensions, supply chain disruptions, the Federal Reserve’s decision to speed up tapering its bond purchases, and the fears over the omicron coronavirus variant are expected to keep the stock market volatile, it could be wise to bet on dividend stocks to ensure a steady income stream.
Thanks to the market correction last week, many stocks with impressive dividend-payout history and solid earnings growth potential are trading at reasonable valuations. Betting on these stocks could help generate decent price returns as well.
Dividend-paying stocks China Petroleum & Chemical Corp. (SNP), Dow Inc. (DOW), Ternium S.A. (TX), and KT Corporation (KT), which are currently trading at discounted valuations, could be ideal bets now.