Defensive Dividend Stock Interest rates are coming down, the rate cutting cycle has started in the EU and the UK. Time to look at the best defensive stocks out there.
Reckitt Benckiser is close to the top of my list for the following reasons:
1. High divident yield - 4.51%. This will soon be higher than having money parked in a savings account.
2. Low market volatility and recently oversold on the monthly RSI. This suggests a new upcycle could well be on it's way.
3. Economic Moat - strong brand ownership of essential goods. Including Lysol, Dettol, Durex, Nurofen, Finish.
4. Defensive characteristics - It's essential product offering (cleaning products, painkillers, etc) are required regardless of the economic situation. Founded in 1823, making it over 200 years old and still going strong.
Technical analyis - observe my chart, it speaks for itself. Complete reset on the Monthly RSI and hopefully the start of a large wave up.
Not financial advice, do what's best for you.
