On the surface, 2023 has been a great year for the stock market. But many of those gains have been concentrated in certain sectors, such as tech and communications, and in mega-cap stocks that carry a lot of weight in the indexes.
Many consumer-facing companies have been hit hard by declines in discretionary spending, rising interest rates, and fears of prolonged inflation.
These three blue chip dividend stocks are down 5.3%, 15.8%, and 26%, respectively, over the last six months despite an 11.3% gain for the S&P 500. Here’s what makes each stock worth buying now.
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