I continue to like economically sensitive stocks as well as higher-rated, higher-yielding investments in a world where the Fed isn’t truly pivoting for a long time, suggests Mike Larson, growth & income expert and editor of Safe Money Report.

I still think there are more profits for you to harvest as the year rolls on. The calendar is shifting, but your investment approach should not.

The market will eventually face some ugly challenges related to the debt and bubble risks. But it’s not yet time to position for that.

In our Bedrock Income portfolio, it’s time to add shares of the “fintech” company Broadridge Financial Solutions (BR). Fintech is a portmanteau combining “financial technology.” These are companies that provide back-office software, hardware and other services to enable the provision of financial services to corporations and consumers.

Broadridge Financial serves asset managers, financial advisers, banks, brokers and corporations. It provides trade and account processing and tracking services, fund shareholder reporting and communication help, financial disclosure and regulatory filing assistance, client marketing, sales and reporting aid and more.

Given the strong performance of capital markets and the surge in bond and share issuance, Broadridge has performed well. Adjusted profit rose 7% to $208 million, or $1.76 per share, in the fiscal third quarter ended in March. Revenue climbed 11% to $1.39 billion.

Management also raised full-year profit and sales growth targets for 2021. And it’s continuing to pursue savvy acquisitions to boost results even more.

In addition, Broadridge Financial just bought Itiviti Holding AB for $2.5 billion in May, boosting its front-office business exposure to an even wider range of investment banks and brokers.

Broadridge sports a quarterly dividend of 57.5 cents per share, which only puts its indicated yield slightly above the market. But it has grown that dividend nicely, at a rate of more than 16% the past three years. Our Weiss Ratings system has already upgraded the shares twice in 2021, too. It now earns a solid “buy” rating.

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