The stock market is truly a mysterious beast, or as we like to say here at the Fool, a wee bit foolish (notice the lowercase F). The week began with more bad news on the oil spill front as the amount of oil gushing from BP's
However, as the stream of bad news this week paints an ugly picture for the economy, the equity markets don't seem to care, as the Dow Jones Industrial average is likely to post consecutive weekly gains.
While most investors never want to miss a rally, it's important to be protected in case the realities of an economic downturn begin to coincide with the stock market.
Picking stocks with high dividend yields is an essential part of any portfolio, and a great way to offer some downside protection in an unpredictable market. Three high-yielding stock with good balance sheets are Altria
Please also be reminded that dividend stocks are not risk free. It was only a few months ago that investment gurus were recommending BP's for its safety as a high yielder.
More from The Motley Fool
When Will Self-Driving Cars Be on the Market?
This week, we talk about what the Consumer Electronics Show revealed about the progress toward autonomous vehicles, plus the latest on BP and GE.
Better Buy: Himax Technologies, Inc. vs. Cypress Semiconductor
A strong case can be made for both semiconductor upstarts, but one holds the edge as the better buy.
3 Top Dividend Stocks to Buy in 2018 With Double-Digit Dividend Growth
Here are three market leaders with meaningful dividends, strong dividend growth potential, and a low-risk profile. Does it get any better than this?