7 Goldman Sachs Conviction List Dividend Stocks That Can Weather a Huge Sell-Off

After Phillips 66 posted stellar results for the latest quarter, Goldman Sachs said this:

Phillips 66 remains our top idea within our Refining coverage, where we continue to see headroom for incremental capital returns this year, are constructive on a positive rate of change at Refining in 2022, and continue to see attractive non-refining value in Midstream, Marketing, and Chemicals.

Investors get a 4.43% dividend with Phillips 66 stock. Goldman Sachs has set its price target at $97. The consensus target is higher at $101.36. The shares closed over 5% higher on Wednesday at $87.21.

Realty Income

This is an ideal stock for growth and income investors looking for a safer, inflation-busting idea for 2022. Realty Income Corp. (NYSE: O) is an S&P 500 company dedicated to providing stockholders with dependable monthly income.

The company is structured as a real estate investment trust (REIT), and its monthly distributions are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants.

To date, the company has declared 608 consecutive common stock monthly dividends throughout its 54-year operating history and increased the dividend 109 times since its public listing in 1994, and it is a member of the S&P 500 Dividend Aristocrats index.

Investors receive a 4.14% distribution monthly. The Goldman Sachs price target is $86. The consensus target is $77.69. The closing share price for Realty Income stock on Thursday was $72.71.

The market is running out of gas, and fast, and soon may run into some very strong headwinds. While the bear market rally is attractive after a grim April, continued high energy prices when the summer driving season rolls around in a month, combined with other huge increases in costs, will be an issue going forward. Toss in some aggressive interest rate hikes in May, June and July, and we could be in for some strong turbulence going forward. These seven stocks can weather those potential storms much better than most.

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