Despite the recent market downturn, experts believe this is an ideal market for stock pickers. When seeking stocks to buy during a market crash, it’s best to prioritize defense over momentum. This article presents three high-yield dividend payers in sectors offering essential products: Energy Select Sector SPDR Fund (XLE), Philip Morris (PM), and Intuitive Machines (LUNR).
Energy prices are predicted to rise, benefiting energy stocks like XLE, which also offers a hedge against inflation and a dividend yield of 3.09%. Philip Morris remains attractive due to its steady revenue growth, strong dividend yield of 5.55%, and positive earnings projections.
For those willing to invest in the space economy, Intuitive Machines is involved in NASA’s Artemis project and has a promising future despite its reliance on government contracts. Analysts give it a Strong Buy rating, with a consensus price target 135% above its current price.