Goldman Sachs Says Buy These 2 Dividend Stocks; Here’s Why

Goldman Sachs Says Buy These 2 Dividend Stocks; Here’s Why

Since early this year, Wall Street has faced a storm of macro headwinds that have turned last year’s bullish run into a bearish trend. Year-to-date, the NASDAQ is down 27%, and the S&P, with a loss of 18%, is not far behind. The drop in the markets comes along with gains in Treasury bonds – the 10-year Treasury note rate is nearly up to 2.9%. In a thumbnail summary, we can say that last year, investors looked at the markets through TINA’s (there is no alternative) eyes; now, conditions are starting to show those alternatives.

In this environment, Goldman Sachs is recommending that investors seek out a ‘margin of safety,’ to protect their investment portfolios should market conditions worsen. Among the factors recommended by the investment banking giant is a reliable dividend, to ensure a steady income stream.

Against this backdrop, the stock analysts at Goldman Sachs have picked out for recommendation stocks whose dividend payments are yielding above the market average. We’ve used the TipRanks' database to pull up details on two of these stocks; let’s take a closer look at them.