Dividend Stocks To Follow Now - May 8th

Key Points

• MarketBeat says the three dividend stocks to watch on May 8 are ProShares UltraPro Short QQQ (SQQQ), Direxion Daily TSLA Bull 2X Shares (TSLL), and Chevron (CVX), based on recent high dollar trading volume.
• SQQQ is designed to deliver three times the inverse of the daily performance of the Nasdaq-100, making it a bearish hedging tool rather than a traditional dividend play.
• Chevron is highlighted as a dividend stock because of its large-scale integrated energy and chemicals operations, spanning upstream exploration and production as well as downstream processing and marketing.

ProShares UltraPro Short QQQ, Direxion Daily TSLA Bull 2X Shares, and Chevron are the three Dividend stocks to watch today, according to MarketBeat's stock screener tool. Dividend stocks are shares of companies that regularly pay a portion of their profits back to shareholders, usually in the form of cash payments called dividends. Investors often buy dividend stocks for the potential of steady income as well as long-term growth, especially from established companies with a history of consistent payouts. These companies had the highest dollar trading volume of any Dividend stocks within the last several days.

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.

Read Our Latest Research Report on SQQQ

Direxion Daily TSLA Bull 2X Shares (TSLL)

Read Our Latest Research Report on TSLL

Chevron (CVX)

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.

Read Our Latest Research Report on CVX

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