Rate cut expectations have driven up risk appetite in the last two months, and equity investors have been pushing up stocks at both ends of the market capitalization spectrum. Now could be a good time to focus on the large multinationals, says one market expert.
Tim Seymour, founder and CIO at Seymour Asset Management, is also a research strategist for the Amplify International Enhanced Dividend Income ETF (NYSE:IDVO), an exchange traded fund that seeks companies that follow lower risk and higher yield strategies.
Seymour told Benzinga‘s “PreMarket Prep” Friday that IDVO looks for the large multinational companies that are increasing their payout levels — with high dividend yields, cover call strategies and actively managed. The IDVO, he says, has outperformed the equal-weighted S&P 500 since its conception.
Also Read: Inflation Warning For 2024: Red Sea Disruptions Causing Freight Rate Spikes And Higher Costs
Seymour On Economic Downturn
When high growth tech stocks are being driven higher in the current rally, Seymour advises to stand back and consider the fundamentals: the labor market is starting ...Full story available on Benzinga.com
Related tickers: NVDA, BABA, IDVO.
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