- (1:00) – Will The Market Continue To Go Down In The Beginning of 2023?
- (5:40) – Finding Strong Dividend Stocks: Stock Screen Criteria
- (10:10) – Tracey’s Top Stock Picks: Creating A Watchlist
- (24:50) – Episode Roundup: META, APLE, MAC, NEXA, T, MMP
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Welcome to Episode #342 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is going solo for the first podcast of 2023 to share what she is doing in her own portfolio as the calendar turns.
No doubt, 2022 was a difficult one for stock, and bond, investors. There were few places to hide. But the new year is a chance to start anew. But that means investors need to have a plan.
What is your investing plan?
Screening for Top Dividend Stocks
In 2023, Tracey is looking to add more dividend stocks to her portfolio. She likes getting checks from companies even as the overall market remains volatile.
For the podcast, she ran a Zacks screen called “Growth, Dividends & the Zacks Rank” to find stocks. It looks for companies with a high Zacks Rank of #1 (Strong Buy), #2 (Buy) or #3 (Hold), dividends over 5% and growth.
This screen returned 49 stocks. That sounds great but the vast majority were #3 (Hold) stocks. Only 4 were #1 (Strong Buys) and #2 (Buys).
5 Top Dividend Stocks in 2023
- Apple Hospitality REIT, Inc. (APLE – Free Report)
Apple Hospitality owns 220 upscale hotels in the United States. 96 are Marriotts, 119 are Hiltons, 4 are Hyatts and one is independent.
Apple Hospitality’s earnings are expected to be up 65% in 2022 and another 11% in 2023. It’s cheap, with a forward P/E of just 10.2.
Apple Hospitality pays a monthly cash distribution and paid a special dividend as well in 2022. It is yielding 6%.
Should Apple Hospitality REIT be on your short list in 2023?
- The Macerich Company (MAC – Free Report)
Macerich is a REIT which owns high quality retail real estate in large metro areas in California, the Pacific Northwest, Phoenix/Scottsdale, the NY to DC corridor, among other areas. It owns 44 regional town centers which have apartments, offices, hotels and experiences.
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