Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020.
Brendan McDermid | Reuters
(This story is for CNBC Pro subscribers only.)
Investors should shift some of their investments to dividend stocks to give a “ballast” to their portfolio, according to Jefferies.
Small and midcap strategist Steven DeSanctis tweaked some of his industry-level recommendations in a note Wednesday and said it might be time to look for income-generating stocks after the massive rally during the spring and summer of this year.
Originally published at CNBC