It is hard to believe, but the first quarter will end in a week and many investors will be reviewing their portfolios and making changes for the second quarter and the rest of 2022. One thing is looking more and more likely. At some point, if the highest inflation in 40 years does not start to taper, the Federal Reserve will get more aggressive on rate hikes. In fact, Goldman Sachs said this week that it thinks the hikes scheduled for May and June will both be by 50 basis points instead of 25 basis points.
It makes sense now to move from momentum stocks and those vulnerable to inflation and rising interest rates to sectors and companies that should continue to be the bellwether plays for the rest of 2022. We screened Jefferies Franchise List of top stock picks and found five such plays, and all five come with dependable dividends.
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