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Top Dividend Stocks To Watch Now - August 2nd

ProShares UltraPro Short QQQ logo with background
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Key Points

  • MarketBeat identified five dividend stocks to watch: ProShares UltraPro Short QQQ (SQQQ), IBM, Chevron, Accenture, and PepsiCo, based on their recent trading volume.
  • SQQQ is an inverse leveraged fund designed to deliver three times the daily inverse performance of the Nasdaq-100, making it a bearish hedging vehicle rather than a traditional dividend stock.
  • The companies represent diverse sectors, including technology and consulting (IBM and Accenture), energy (Chevron), and consumer food and beverages (PepsiCo); dividend payments are not guaranteed and share prices can fluctuate.
  • MarketBeat previews the top five stocks to own by September 1st.

ProShares UltraPro Short QQQ, International Business Machines, Chevron, Accenture, and PepsiCo are the five Dividend stocks to watch today, according to MarketBeat's stock screener tool. Dividend stocks are shares of companies that regularly distribute a portion of their profits to shareholders, typically through cash payments called dividends. Investors may seek them for income and potential long-term growth, though dividend payments are not guaranteed and the stock’s value can fluctuate. 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

International Business Machines (IBM)

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.

Read Our Latest Research Report on IBM

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

Accenture (ACN)

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.

Read Our Latest Research Report on ACN

PepsiCo (PEP)

PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

Read Our Latest Research Report on PEP

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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Before you consider ProShares UltraPro Short QQQ, you'll want to hear this.

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