- 3 Safe Investments That Let You ‘Sleep Better:’ Strategist
- Beware of 'Trampling Effect' When Market Tops: Manager
- Gold Heading to $1150: Art Hogan
- More Upside if S&P Passes This Number: Market Pro
- Playing Activision and Other Video Game Stocks: Analyst
- Expect 'At Least' Another 10-15% Upside: Fund Manager
- Why are Options Bullish on This Smartphone Maker?
- Why are Traders Bullish on This Food Company?
- Profiting From Natural Gas: Strategists
- 3 Hot Mid-Cap Stock Picks: Portfolio Manager
MOST SHARED
- AIG CEO Ready to Quit over Pay Constraints: Report
- Herbalife Vs. Hedge Funds
- Apple Surpasses Nokia as Top Cellphone Maker by Profits
- Bring on Tougher Regulation: S&P Owner
- China Factory Output Leaps to 19-Month Highs
- Cramer Jeers J&J, Applauds Abbott
- US Recovery to be Weak, Erratic: Top Fed Officials
- Three Things the US Can Do To Stop the Dollar's Decline
- America Is On Sale
- Beware of 'Trampling Effect' When Market Tops: Manager
- Gold Heading to $1150: Art Hogan
- Starbucks Brews Up Growth
- Farr: An Extended Period—No Fat Lady in Sight
- More Upside if S&P Passes This Number: Market Pro
- Murdoch Lashes Out At Google
- Fighting The Flu Vaccine Critics
- Nov. 10: Unusual Volume Leaders
- Shadow Inventory Dwarfs Loan Mods
- AIG CEO Ready to Quit over Pay Constraints: Report
- Pay Caps Make it Hard for GM to Hire Execs: Whitacre
- Unemployment May Cause Loan Defaults in US: Zoellick
- US Recovery to be Weak, Erratic: Top Fed Officials
- Just 1 in 20 Plan to Buy a Home Next Year: Survey
- Bring on Tougher Regulation: S&P Owner
- Retail Earnings in Focus Ahead of Shopping Season
- Ponzi Proceeds: Bidding on Madoff's Toys
- Investments in Global Oil Projects to Fall Next Year: Shell
RSS FEED
CNBC Stock Blog
Text Size 
A "good GPS indicator" for investors might be looking at stocks that have raised their dividends, said Peter Andersen, portfolio manager at Congress Asset Management Company.
Over the past week, companies such as IBM [IBM
Loading...
()
] and Costco [COST
Loading...
()
] have raised their dividends.
“In this economy, I think investors are desperately looking for a road map,” Andersen told CNBC.
Raising a dividend "takes real cash and real fortitude in financial management,” he said. “If companies like those are doing well in this weak environment, could you imagine how well they’ll do when the environment recovers?”
Andersen specifically recommended ExxonMobil [XOM
Loading...
()
].
Disclosures:
No immediate information was available for Peter Andersen or his firm.
__________________________________________
Exxon’s Competitors Include:
ConocoPhillips [COP
Loading...
()
]
Chevron [CVX
Loading...
()
]
__________________________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes