Three stocks that currently look like enticing opportunities to a few Fool.com contributors are Stanley Black & Decker (NYSE: SWK), Clearway Energy (NYSE: CWEN.A) (NYSE: CWEN), and Emerson Electric (NYSE: EMR). Here's why they think these high-quality dividend stocks could be great long-term investments for those who buy amid all the current turmoil. Reuben Gregg Brewer (Stanley Black & Decker): After a string of acquisitions, Stanley Black & Decker was inefficient and had a bloated balance sheet.
Rising interest rates have pushed the value of a 10-year Treasury Note to 3.6%, which is more than double the average dividend yield of the S&P 500 (at 1.7%). A higher risk-free rate adds an opportunity cost to the stock market. The higher the risk-free rate (typically the rate of a treasury bond), the less incentive there is to invest in the stock market.
As part of the business transformation strategy, Stanley Black (SWK) announces a plan to discontinue operations in Fort Worth, affecting 175 employees at the facility.