Invest for the long term and sleep at night with these quality stocks, BMO says

Although the market is recovering from last week's global sell-off , investors should consider these stocks to protect against uncertainty ahead, according to BMO Capital Markets. Stocks have been on a wild ride this month, but positive economic data has helped the market recoup last week's losses. All three major indexes inched higher following Wednesday's consumer price index report for July, which showed inflation slowing to the lowest level since March 2021 .

Here are some stocks that made the screen: Alphabet is one of the high-quality stocks on the list. Shares of the company are up more than 15% this year, and BMO sees more upside ahead, with an outperform rating on the stock. The firm isn't alone, as Wall Street is largely bullish on the tech giant as well. To be exact, 45 of the 55 analysts reporting on the stock have a buy or strong buy rating, according to FactSet. There may be some trouble ahead for Alphabet, however.

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These high-dividend-yielding stocks could see a rebound as rates decline, BMO saysThese dividend stocks are poised to move higher after the Federal Reserve starts cutting rates, says BMO.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »