Among stocks, we recommend two by using the Zacks Screener that fits our two criteria: a Zacks Rank #1 (Strong Buy), and dividend yield above 6%. Here are the details:
HSBC Holdings plc (HSBC)
HSBC Holdings plc with a solid Zacks industry rank (in the top 27%) is a major global banking and financial services firm. With widespread global footprint, HSBC provides an array of financial services.
The stock was up about 10% in the last three month. Though a still-soft European economy and ‘Grexit’ worries might drag the company’s results, a low-rate environment should boost loan demand. Also miscellaneous sources of revenue generations and an extensive international presence will likely support the company’s activities ahead. The stock yields 8.41% annually and has a Zacks ETF Rank #1 (Strong Buy).
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