The benchmark indices rallied this week as Omicron fears subsided. However, analysts warned that Fed’s monetary policy changes could slow down the economy. Thus, we think dividend stocks Walmart (WMT), Olin Corp (OLN), and KT Corp (KT) might be reasonable bets. These stocks are Strong Buy-rated in our proprietary rating system. .
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The stock market rose for a second straight session on Wednesday, December 22. The S&P 500 index gained 1% to reach 4,696.56, while the Dow Jones Industrial Average rose 0.7%, to close at 35,753.89. Dow is up 1.1% for the week, while the S&P gained 1.6%, driven by investors’ optimism and subsiding Omicron fears.
On the other hand, West Virginian Senator Joe Manchin said on Sunday that he could not back his party’s decision on the $2 trillion social and environment bill after five and half months of…