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3 Dogs of the Dow to Short Now

These blue-chips are being weighed down by fundamental and technical issues alike

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Dogs of the Dow #1: Verizon (VZ)

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Verizon (VZ) — actually the best-performing of these three Dogs of the Dow at 13% gains year-to-date — has dipped into a downtrend in a significant way for the first time since May as shares lose their 200-day moving average.

Taper-on concerns in the Treasury bond market, which is pushing 10-year yields back toward 3%, are no doubt playing a role considering the last “taper tantrum” back in May hit dividend-focused, bond-like stocks such as VZ pretty hard.

While it does carry a 4.2% yield, VZ suddenly looks less attractive should the 10-year yield keep rising.

Article printed from InvestorPlace Media,

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