6 Buy-Rated Double-Digit Yielders

Focus: DIVIDEND

Bryan Perry Image Bryan Perry Editor, Cash Machine, Premium Income, Quick Income Trader, Instant Income Trader

If you're looking for big yields and are willing to stretch out your risk profile a bit, these stocks are well worth a serious look, observes Bryan Perry of Cash Machine.

BGC Partners (BGCP)
Yield 10.81%
With all the derivative trading by global fund managers to protect assets, BGCP should post a good second-quarter report. The company's main business is to act as a broker, and it carries little overnight exposure.

Credit Suisse High Yield Bond Fund (DHY)
Yield 10.39%
High-yield corporate bonds remain very attractive in the current landscape of low interest rates, low inflation, and moderate economic growth.

Horizon Technology Finance Corporation (HRZN)
Yield 11.54%
The BDC sector has been displaying excellent relative strength. HRZN is a more thinly traded stock, and when a big seller shows up, the shares come under unwarranted pressure. But that provides for a good buying opportunity for us. 

GAMCO Global Gold, Natural Resources & Income Trust (GGN)
Yield 12.31%
All the uncertainty surrounding the euro has gold prices back on the way up. Mining stocks typically lag gold prices and then move in a slingshot fashion higher as they play catch-up.

E-TRACS 2x Leveraged Long Alerian MLP Infrastructure Index (MLPL)
Yield 12.20%
Oil and gas prices have started to level out, and this exchange traded note now trades ten points off its high and sports a huge yield.

Newcastle Investment (NCT)
Yield 12.66% 
The company continues to acquire mortgage servicing contracts that will prove very accretive to earnings in the months ahead. Management just declared the latest 20-cent dividend. Shares should rise into that date.

Related Reading:

Tailwinds for the Muni Market?

Inflation-Proof Your Income Stream

4 Stocks with Healthy Dividends

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