While we are likely not close to the bottom of the market, the good news is that we are slowly but surely grinding and getting closer. The jobs data from last Friday, and what is likely to be another sobering consumer price index report on Thursday, have all but guaranteed that we are in for yet another 75-basis-point rate hike when the Federal Reserve governors attend their next meeting in early November. The question for stock investors is what to do now.
We screened our 24/7 Wall St. research database looking for blue chip names that are offering solid entry points and pay outstanding and dependable dividends. Many of these stocks have seen their dividends explode higher as the shares have hit 52-week lows.
This post originally appeared at 24/7 Wall St.