Just two weeks ago, the markets were factoring in an all-but-certain Biden victory in the upcoming presidential election as well as a “Blue Wave” of democrats taking control of the Senate and Congress as well as the presidency. This would mean a path of least resistance for a new stimulus bill. But, now not all is as it seems; market participants are taking a more thorough, deeper second look at the polling numbers. JPMorgan strategist Nikolaos Panigirtzoglou believes that election odds are narrowing making a contested result that could hamper stimulus and hurt stocks more likely. A mixed bag of election results would mean a difficult time passing a stimulus package and betting markets are beginning to price in a more narrow election result. A tighter, more contentious election result could hurt the bank’s expectations for their market outlook. Despite all of that potential malaise, JPMorgan stock analysts are holding steady on their calls for these three dividend stocks, yielding some 4% or more, and potentially more if price targets are met. We ran them through TipRanks database to see what other Wall Street’s analysts have to say about them.Hemlerich & Payne (HP)We’ll start with a company that engages in oil well drilling and gas exploration. Hemlerich & Paynes fortunes have been adversely affected from COVID-induced selling and low demand for oil products. The company has been idling rigs over the past quarter in response to the demand for their products. As a result,
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2020/10/22
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