British American Tobacco: A Relative Safe Harbor In The Face Of A Potential Market Correction

Justin Sullivan Investment thesis The stock market continues growing impressively in 2024, with big tech and semiconductors continuing to fuel the rally. In my opinion, the greedier investors are, the higher is the probability of a stock market correction. Since growth stocks are usually more vulnerable to corrections, I am now looking at potential high-yield safe harbors. The British American Tobacco (NYSE:BTI) stock looks like a high-quality defensive stock with a massive 9.6% forward dividend yield.  ...