Markets have been dismal lately but it's reassuring to know there are still some stocks that are able to flourish in this bearish environment.
Here is a list of stocks from the TradingStockAlerts Free Stock Screener that are exhibiting strong bullish trends and offer a dividend yield over 2%.
|BFR||BBVA Banco Frances S.A.||$9.79||Finance||Commercial Banks|
|BOBE||Bob Evans Farms, Inc.||$33.76||Consumer Services||Restaurants|
|CATO||Cato Corporation (The)||$27.43||Consumer Services||Clothing/Shoe/Accessory Stores|
|CHT||Chunghwa Telecom Co Ltd||$34.13||Public Utilities||Telecommunications Equipment|
|ELRC||Electro Rent Corporation||$16.16||Technology||Diversified Commercial Services|
|KOF||Coca Cola Femsa S.A.B. de C.V.||$87.57||Consumer Non-Durables||Beverages (Production/Distribution)|
|TNH||Terra Nitrogen Company, L.P.||$122.75||Basic Industries||Agricultural Chemicals|
It's surprising to see a French bank on the list with all the fear surrounding European banks that might be exposed to Greek debt but with a 7.35% yield investors seem willing to risk catching a touch of the Greek contagion.
Another stock I'd like to call your attention to is Terra Nitrogen Company (TNH) which is providing a forward dividend yield of 14.6% while sporting a PE of less than 8. Indeed, fundamentals across the board look pretty good. This stock could well be worth a look.
Looking more modest but still showing very conservative and solidly positive fundamentals is Cato Corporation (CATO). It's hard to find much wrong with the numbers on this company and the dividend of 3.3% is still reasonably attractive.
These seven stocks are successfully bucking the stock market down-trend while offering nice dividends. Perhaps one of them is right for your portfolio.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.