It is now four weeks since the S&P 500 hit its recent closing high of 946.21 on June 12. The benchmark index is down 6.7% since then and some components have been hit harder than others bringing dividend yields back up again.
Here is a screen for companies that have been beaten up but might have good value in the longer term. The screen identifies S&P constituents that are down over 15% in the past four weeks, have above average dividend yields, and have EPS growth forecasts in the double digits for the forward fiscal year. As always, the screen should serve as a starting point for generating ideas but requires more research before any investment is made.
