2 Magnificent S&P 500 Dividend Stocks Down 20% to Buy and Hold Forever

The market is rallying this summer, but not every stock is hitting new highs. Shares of Target (NYSE: TGT) and Comcast (NASDAQ: CMCSA) are trading more than 20% below their 52-week highs.These are quality stocks and names you know. They are components of the S&P 500 (SNPINDEX: ^GSPC). They are each yielding better than 3%, rewarding patient investors. I think it's a good time to look their way while the rest of the investor community is chasing other stocks.The cheap chic retailer is getting more cheap, admittedly as it is growing less chic. Target's bull's-eye logo isn't just iconic. These days it's also where bears and worrywarts are aiming. The stock is trading 36% below its 52-week high, down almost 60% from the all-time peak it scored four years ago.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool