As meteorologists prepare for an above average hurricane season that is set to begin on June 1, dividend investors added Home Depot to their watchlists last week. Businesses that are closely tied to house repair, roof repair and construction tend to see an increase in business when natural disasters strike.
The insurance industry, on the other hand, suffers when natural disasters strike, as claims start rattling up. A critical way to look at the approach that dividend investors are taking with Home Depot is to question if they are trying to make gains from someone else’s loss. But with meteorologists making predictions that the 2018 hurricane season is expected to have 14 named storms out of which 7 will be hurricanes, investors are only trying to factor into their portfolios what is at stake during the next 6 months.
The other stocks that moved up last week were Cisco, Clorox and General Mills. Cisco went up a spot on the list after it announced better-than-expected earnings. Clorox also beat profit expectations, helping it move up by one notch on the list. General Mills, which we have been reporting on for the last 4 weeks, has been moving up by a spot or two every week. From the last week of March till today, the stock has moved up 6 positions, which is a noticeable uptrend.
Our Most Watched Stocks List is a user-generated, interest-based ranking of dividend-paying stocks, giving you a real-time snapshot of buying interest in the market. Generated by our Premium members’ watchlists, it’s aggregated and ranked by the most watched criteria.
The list has been designed to help income investors navigate the top dividend stocks being tracked by one of the world’s most advanced investing communities.