6 Stocks to Buy to Hedge Your Portfolio in a Down Market
These six stocks to buy are useful to hedge your portfolio in a down market. These stocks provide stable dividends and have very low valuation metrics. Edison International ( EIX ): This electric utility company has a 4.2% dividend yield and a forward P|E of 15.24 times with good earnings growth. Chubb ( CB ): This property and casualty insurer has a 1.55% yield, a low 13.7x P|E and earnings growth forecasts. Cummins ( CMI ): This large engine maker has a low P|E, 2.88% yield and a low 33% payout ratio. HR Block ( HRB ): This tax preparation company has a 3.34% yield, a low 8.98x P|E and a good earnings growth outlook. AbbVie ( ABBV ): A cheap pharmaceutical company with a 3.69% yield and consistent dividend growth. Allstate ( ALL ): The insurer has a new $5 billion buyback program and yields 2.64%. Source: Shutterstock These six stocks to buy will help you hedge your portfolio in a down market. They all have reasonably stable dividends and good dividend yields along with low price-to-earnings (P|E) valuations.
6 Stocks to Buy to Hedge Your Portfolio in a Down Market
These six stocks to buy are useful to hedge your portfolio in a down market. These stocks provide stable dividends and have very low valuation metrics. Edison International ( EIX ): This electric utility company has a 4.2% dividend yield and a forward P|E of 15.24 times with good earnings growth. Chubb ( CB ): This property and casualty insurer has a 1.55% yield, a low 13.7x P|E and earnings growth forecasts. Cummins ( CMI ): This large engine maker has a low P|E, 2.88% yield and a low 33% payout ratio. HR Block ( HRB ): This tax preparation company has a 3.34% yield, a low 8.98x P|E and a good earnings growth outlook. AbbVie ( ABBV ): A cheap pharmaceutical company with a 3.69% yield and consistent dividend growth. Allstate ( ALL ): The insurer has a new $5 billion buyback program and yields 2.64%. Source: Shutterstock These six stocks to buy will help you hedge your portfolio in a down market. They all have reasonably stable dividends and good dividend yields along with low price-to-earnings (P|E) valuations.