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My neighbor Frank knows I trade for a living. He's been asking me what to do right now in this tricky market environment.
You might be in a similar situation as Frank. He's about 10 years away from retirement. He's been investing for years, with the power of the bull market giving him a nice nest egg.
Now he knows he needs to make some changes, to be in a good spot to retire. His biggest question is always about where he can "store" his money right now. He wants to know what's safe.
He wants income.
He wants to make money on the stocks he's holding, as I imagine you do, as well. He has 10 years before retirement to reinvest those dividends.
Frank also spent years working at Procter & Gamble (NYSE: PG), a name synonymous with yield. PG increased its dividend for 63 years, landing it on the Dividend Aristocrat list. Just two weeks ago, it increased its dividend by 6%.
Yields are up now. With the stock market still down about 14% from its record highs in February, yields have climbed from an average 1.9% in February to 2.4% in April.
Of course, you don't have to settle for just yield. You can buy stocks with healthy yield and that are climbing higher, so you can get paid to hold it and see your investment grow.
To find those stocks, I turn to the technicals. Technical signals don't lie - they give you solid data on price trends so you know what's heading up, down, or sideways.
They're the EKG of this market, showing you exactly what's going on.
Today, the technicals have led me to three breakout income stocks that are flashing the key bullish signals I look for when buying and that give you reliable yield...
About the Author
Chris Johnson is a highly regarded equity and options analyst who has spent much of his nearly 30-year market career designing and interpreting complex models to help investment firms transform millions of data points into impressive gains for clients.
At heart Chris is a quant - like the "rocket scientists" of investing - with a specialty in applying advanced mathematics like stochastic calculus, linear algebra, differential equations, and statistics to Wall Street's data-rich environment.
He began building his proprietary models in 1998, analyzing about 2,000 records per day. Today, that database, which Chris designed and coded from scratch, analyzes a staggering 700,000 records per day. It's the secret behind his track record.
Chris holds degrees in finance, statistics, and accounting. He worked as a licensed broker for 11 years before taking on the role of Director of Quantitative Analysis at a big-name equity and options research firm for eight years. He recently served as Director of Research of a Cleveland-based investment firm responsible for hundreds of millions in AUM. He is also the Founder/CIO of ETF Advisory Research Partners since 2007, noted for its groundbreaking work in Behavioral Valuation systems. Their research is widely read by leaders in the RIA business.
Chris is ranked in the top 99.3% of financial bloggers and top 98.6% of overall experts by TipRanks, the track record registry of financial analysts dating back to January 2009.
He is a frequent commentator on financial markets for CNBC, Fox, Bloomberg TV, and CBS Radio and has been featured in Barron's, USA Today, Newsweek, and The Wall Street Journal, and numerous books.
Today, Chris is the editor of Night Trader and Penny Hawk. He also contributes to Money Morning as the Quant Analysis Specialist.