IBM and Occidental Petroleum are high-dividend stocks worth owning in a volatile market environment, said Erin Gibbs, Equity Chief Investment Officer at S&P Capital IQ. Gibbs added that both stocks are extremely inexpensive considering the high quality of both companies. She said lower oil prices have hurt Occidental shares, nevertheless, she believes the company is diversified due to its natural gas business. Gibbs likes IBM shares due to the tech giant’s growth in its services business and the fact that it is improving profit margins. Aside from these contrarian plays, Gibbs said she prefers U.S. stocks over foreign shares due to the strength of the U.S. economy.
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