It is almost hard to believe that at this time last year interest rates were still near zero. But with spiraling inflation threatening to totally derail the economy, the Federal Reserve has raised rates in an almost unprecedented fashion, and it is all but assured they will raise them again.
One group of stocks that generally fares well during a rising rate period is those in the value category. Value stocks are those trading at levels that are perceived to be below their intrinsic fundamentals. Characteristics of value stocks include high dividend yields and low price-to-book and low price-to-earnings metrics. In addition, value stocks typically have a bargain price, as investors see the company as unfavorable in the marketplace.
We screened our 24/7 Wall St. research database looking for top value ideas rated Buy across Wall Street that pay solid and dependable dividends. The following stocks hit our screens and look like top plays for 2023.
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