Don't Fight The Fed: 2 Blue Chip Dividend Buys And 1 Strong Sell

Sep. 23, 2022 5:58 PM ETAMGN, IRM, OKE36 Comments

Summary

  • The Fed took the most hawkish stance yet, as Powell takes a page out of Volcker's book.
  • While the market could still go either way, there are some stocks that will do fine regardless.
  • I offer a couple of high-quality dividend names to pick up ahead of any turbulence.
  • Looking for a helping hand in the market? Members of The Dividend Freedom Tribe get exclusive ideas and guidance to navigate any climate. Learn More »

Federal Reserve Chair Jerome Powell Holds News Conference Following Federal Open Market Committee Meeting

Drew Angerer/Getty Images News

Written by Sam Kovacs

Introduction

It's clear now.

The Fed has signaled that it is willing to accept a recession to tame inflation.

Taking a page out of Paul Volker's playbook, or we could even say "went full

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of AMGN, OKE, IRM 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.

IRM position in the process of being fully closed.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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SymbolLast Price% Chg
AMGN--
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IRM--
Iron Mountain Incorporated
OKE--
ONEOK, Inc.

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