Excellent total return potential for long term investors Also, management estimates that a 100 basis-point parallel shift in the yield curve could generate $5.4 billion annually in additional interest income. The bank’s loan and deposit portfolio continues to grow, and net charges remain very low. The job market in the US is still incredibly strong, which should help keep credit performance at a high level. However, most declining prices seem to follow the stock’s decline, and Bank of America may actually be a net beneficiary of the rising rate environment. Also, with fears of recession rising, this could lead to increased loan defaults for banks. Consumer confidence recently hit a 10-year low, and that could translate into lower credit demand. This stock is down 40% but could benefit from rising ratesīank of america (BAC 2.84%) is down almost 40% from its recent high and for some good reason. The recent decline is creating yet another opportunity for patient investors to buy this industry heavyweight. Over the past decade, Vail has done an excellent job of building its brand and visitor monetization, and the stock has easily outperformed the S&P 500 as a result. Passes make up about three-quarters of Vail’s visits, and according to the latest earnings report, were up 11% compared to the same time a year ago. But more importantly, the company has reported very strong season-pass sales for the 2022/23 season. Vail’s business is performing quite well due to the easing of COVID-19 restrictions during the recent ski season compared to last year. The stock has fallen more than 40% from its recent highs on fears of declining consumer spending and inflationary pressures. Vail Resorts (MTN 1.46%) is the clear leader in terms of ski resorts, operating dozens of the world’s most famous destinations, including its namesake in Colorado. Iconic property that should stay busy even in recession In fact, Tanger’s average tenant sales per square foot in the first quarter were up 18% compared to before the pandemic began. What’s more, while the stock market is down and economic uncertainty is rising, you’d never know it from walking through one of Tanger’s properties. Tanger has a diverse tenant base made up mostly of high-quality national brands, and the discount-oriented nature of the outlets makes them more flexible than most types of retail. However, these fears seem to be growing stronger. There are some legitimate concerns that a tougher economy could reduce consumer spending and put pressure on Tanger’s retail tenants. In the bearish, Tanger is down about 35% from its highs and is now yielding 5.4%. Most are located in large metropolitan areas or tourist destinations in the eastern United States. Tanger Factory Outlet Center (SKT 2.25%) owns and operates a portfolio of 36 outlet centers in the United States and Canada. Here are three dividend stocks that are down at least 35% from their recent highs and look like a bargain for patient long-term investors. Even some of the top-notch dividend stocks have been beaten despite strong business performance and plenty of long-term growth potential.

S&P 500 The benchmark index remains in bear territory with the benchmark index exceeding 20% so far in 2022, and some segments of the market have been spared.

Tanger outlet