3 Dividend Stocks That Thrive in Bear Markets
If you're looking to outsmart bears the next time they come knocking, you might want to consider adding PepsiCo (NYSE: PEP), Gilead Sciences (NASDAQ: GILD), and Colgate-Palmolive (NYSE: CL) to your portfolio. All three of these stocks offer reasons why they can outperform the market during a market crash, and each pays a healthy dividend yield that makes them perfect for income-oriented investors.
Dan Caplinger (PepsiCo): The best stocks for bear markets are those that don't see dramatic drops in demand for their products and can count on continued customer loyalty. PepsiCo fits that bill, with millions of customers seeking out its many beverage options, which include Aquafina water, Tropicana juices, and Rockstar energy drinks along with its namesake cola products. In addition, PepsiCo has an extensive food and snack business with its Frito-Lay and Quaker Oats businesses.
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Source: Fool.com
Gilead Sciences Inc Stock
With 11 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 85 € shows a slightly positive potential of 19.82% compared to the current price of 70.94 € for Gilead Sciences Inc.
