High interest rates could pressure companies to cut dividends. These names may be at risk, Wolfe Research says

Investors' hoped-for interest rate cuts aren't materializing any time soon, and that could spell bad news for some dividend-paying stocks, according to Wolfe Research. Federal Reserve policymakers on Wednesday kept their key interest rate at a target range of 5.25%-5.50%, noting that even as the economy has made progress on inflation, the central bank isn't yet ready to start dialing back on monetary policy.

Vail Resorts , an operator of ski resorts and owner of the Epic Pass, made Wolfe's list. The stock is down more than 15% in 2024, and it offers a dividend yield of nearly 5%. Earlier this month, JPMorgan cut its rating on Vail to underweight from neutral and slashed its price target to $176 from $217.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These consumer stocks have strong momentum on their side, Wolfe Research saysInvestors should look to buy these names amid summer choppiness, the Wall Street firm said.
Source: CNBC - 🏆 12. / 72 Read more »

Avoid or short Tesla, First Solar and other stocks, according to Wolfe ResearchThese companies could find themselves at the mercy of short sellers.
Source: CNBC - 🏆 12. / 72 Read more »

Buy quality tech stocks that are immune to high inflation and rates, Trivariate Research saysTrivariate Research shared a list of high-quality tech stocks that have a near-zero correlation to inflation.
Source: CNBC - 🏆 12. / 72 Read more »