Opportunity In The Early 2022 Sell-Off

Jan. 26, 2022 11:04 AM ETECL, MDT, TROW5 Comments
Dividend Power profile picture
Dividend Power
5.65K Followers

Summary

  • The stock market sell-off in early 2022 has led to selective opportunities in quality dividend growth stocks.
  • Three stocks are outlined that have faced near-term challenges but have long-term growth prospects.
  • I discuss Ecolab (ECL), T. Rowe Price (TROW), and Medtronic (MDT).

Blue percent sign crash

Onypix/iStock via Getty Images

The stock market is down in early 2022. For perspective, the S&P 500 Index is down (-7.5%) year-to-date, the NASDAQ is in correction territory, and the Dow 30 is down (-5.4%) as of this writing. On the other hand, the CBOE VIX is up 4.6% to nearly

Table of market growth and share

Source: Ecolab Investor Relations

ECL Price Chart

StockRover

Table of Fund Performance

T. Rowe Price Q3 2021 Earnings Release

Chart of Dividend Growth

Portfolio Insight

Graphic of Capital Allocation

Medtronic Investor Relations

MDT Stock Price Chart

Medtronic

This article was written by

Dividend Power profile picture
5.65K Followers
I am a self-taught individual investor and I have been investing in stocks for approximately 20 years. I focus on dividend growth investing with a long-term horizon since I believe in the compounding power of dividend growth investing. I generally look for undervalued large cap stocks with sustainable dividend growth and capital appreciation potential. My second focus is tech and small- or mid-cap stocks with or without dividends for their growth potential. I try to provide a little more in depth analysis weighing the positives and negatives. You can see my performance at my Tip Ranks profile. I am now in the Top 100 out of 13,540 (73rd and in the top 1.0%) financial bloggers (August 2022).You can follow me at my blog Dividend Power. Read my e-book --> 10 Forever Dividend Growth StocksI also now write stock analyses for Sure Dividend as a part-time free lance equity analyst. I provide investment analyses and research for their Sure Analysis Research Database. I also write stock snapshots for Portfolio Insight.

Disclosure: I/we have a beneficial long position in the shares of ECL, TROW, MDT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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