Are you looking for a stock?
Try one of these
Rising interest rates won't have a significant impact on high-yield bonds, so long as they don't go up too dramatically, according to junk bond investor and author Robert Levine.
"If rates go up a lot, then it is a different game," Levine, author of How to Make Money with Junk Bonds tells BNN.
"But we don't expect rates to go up a lot. The interest rates are low for a reason. The economy is meandering. It's not expected to recover any time soon," the former CEO of Nomura Corporate Research & Asset Management says.
Levine says it's easier to pick a junk bond over a stock since all you have to do is analyze the coupon repayment of principle.
Euphemistically known as junk bonds, these high-yield bonds are corporate fixed-income instruments below investment grade, as ranked by the bond ratings services.
Levine estimates the junk bond market to be worth more than $1 trillion, with more than 1,000 issuers.
Issuers include some of North America's best-known companies, such as Freeport McMoRan, Avis Car Rental, and Clear Channel Communications.
Levine says he uses what's known as "Strong Horse" investing to pick high-yielding corporate bonds. He looks at trends in earnings, the company's revenue, and how many times it can cover its interest, among other things.
"I like large companies, low-cost producers," he says. "It's not really hard to do that if you look at the company's financials."