5 Solid Dividend ETF & Stock Picks That Yield 5% Or More

 | Dec 09, 2019 11:00PM ET

Investors have once again turned defensive and are chasing dividend stocks & ETFs ahead of the tariff hike on Dec 15. The President previously stated that he will impose tariffs on $160 billion worth of Chinese goods from Dec 15, as announced, if a deal is not reached. Trump said that he will wait until the November 2020 election to strike a deal.

Additionally, Trump is planning to restore tariffs on steel and aluminum imports from Brazil and Argentina and proposed tariffs of up to 100% on $2.4 billion worth of products from France.

Further, the bouts of latest data signals mixed picture of the economy. The U.S. manufacturing sector contracted for the fourth straight month in November with a steep drop in new factory orders. U.S. construction spending also unexpectedly fell in October as investment in private projects tumbled to its lowest level in three years. However, the job market strengthened in November with the fastest pace of job additions and unemployment falling to the lowest level since 1969 (read: Zacks Investment Research

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