John Lennon recorded a song in the 1970s titled "Nobody Loves You (When You're Down and Out)." But the late singer-songwriter's premise isn't necessarily true when applied to stocks.

I especially have one ultra-high-yield dividend stock in mind. It's down nearly 30% below the high set earlier this year. However, Wall Street thinks that it's a screaming buy.

Shares of independent oil and gas company Devon Energy (NYSE: DVN) have indeed plunged close to 30% below the peak from January 2023. Over the last year, the stock has fallen close to 40%.

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Source Fool.com