After hitting record highs, markets have become volatile due to rising inflation concerns and the spreading of COVID-19. We believe it would be a smart move to increase the quality of dividend-paying stocks in these unstable market conditions. Thor Industries (NYSE:), Select Medical (NYSE:), and Tecnoglass (NASDAQ:) to one’s portfolio. Wall Street analysts anticipate these names will rise more than 45% in the short term. Keep reading. Major stock market indexes fell on Thursday, as tech stocks plunged sharply. This caused the to drop 385.15 point or 2.47% and close at 15,180.43. The fell 29.79 points to close at 35,897.64, while the S&P 500 declined 0.8% to close at 4,668.67. Markets have been volatile while investors assess economic growth prospects as well rising COVD-19 cases.

The rise in consumer prices has accelerated at a faster pace than 1982, resulting in inflation reaching 6.8% for the 40th year. The Fed was forced to take action by inflationary pressures. It promised to stop its asset-buying spree early next year and to allow for three interest rate increases in 2022. This will counter inflation. The omicron variant of the virus has worried investors. Federal health officials warned it’s spreading quickly and could reach its peak in the next month.

Amid this market uncertainty, we think it could be wise to bet on quality dividend-yielding stocks to hedge one’s portfolio against market volatility by ensuring a steady income stream. So, it could be wise to add quality dividend-paying stocks Thor Industries, Inc. (THO), Select Medical Holdings Corporation (SEM), and Tecnoglass Inc. (TGLS) to one’s portfolio. Wall Street analysts believe these stocks will see a price increase of more than 45 percent in the short-term.

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