The higher the market goes, the more the natural inclination for many that have good gains to take profit and move to the sidelines. However, many investors are starting to realize that all we have done since the peak in 2007 and the new highs of today is fill in a hole that was completed in March of 2009. A cyclical bull market within a long-term secular bear market is always a welcome relief. To truly step into bull market territory, we have to break out and go higher.

In a positive new report the equity strategists at Deutsche Bank A.G. (NYSE: DB) have screened the S&P 500 for stocks that investors can buy and add to their portfolios now.

As investors are always looking for new ideas of stocks to buy and stocks to sell, sometimes value investing strategies rule and sometimes growth strategies rule. The Deutsche Bank stock screens are fundamental in nature with an aim to connect strategic macro trends and themes to individual stocks. These screens focus on five separate and distinct metrics:

1. Revenue exposure by geography and markets
2. Company growth and profitability
3. Balance sheet and earnings deployment
4. The true “quality” of the earnings — no accounting tricks
5. Company valuation

The team at Deutsche Bank is advising investors to construct their portfolios with a tilt toward global growth stocks, especially companies with sales that rise with investment spending. They are overweight industrials and technology on global growth and capital goods demand acceleration.

We decided to comb through their current S&P 500 stock screen, which has stocks from six different sectors. In each sector we have selected the stock with the highest dividend. This may help investors improve their overall total return. The following are the top six Deutsche Bank stocks that pay dividends to buy now.

Wynn Resorts Ltd. (NASDAQ: WYNN) leads off the list in the consumer discretionary category. This world-class gaming company with properties in Las Vegas and Macau has a price target of $146. Wynn also pays investors a 3.30% dividend. The Thomson/First Call estimate is $141.

In the materials sector, the top selection is Dow component E.I. du Pont de Nemours and Company (NYSE: DD). With science and technology based products sold around the globe, DuPont yields a nice 3.40% dividend and has a price target of $55. The Wall St. consensus price target for this venerable name is $52.

In energy, the top Deutsche Bank selection is oilfield services giant Schlumberger Ltd. (NYSE: SLB). Based in Houston, this sector leader provides integrated and independent oil and gas companies with services and logistics around the world. The Deutsche Bank price target for Schlumberger is $91. It also has a small 1.6% dividend. The consensus price target is in line at $92.

U.S Bancorp (NYSE: USB) tops the list in the financial sector, with its locations primarily in the Midwest and west. The price target for this regional banking leader is $38. The company pays investors a dividend of 2.3%. The consensus estimate for the stock is $37. As a reminder, U.S. Bancorp is on the 24/7 Wall St. list of the Safest Banks in America for 2013.

Mega-cap General Electric Co. (NYSE: GE) is the Deutsche Bank choice to buy now in the industrial sector. With an array of products, services and technologies sold around the U.S. and the world, GE has a price target of $25. The company also pays a solid 3.2% dividend. The Wall St. price target is right in line at $25.

In the information and technology sector, Ireland-based Accenture PLC (NYSE: ACN) makes the list. It provides management consulting, technology and business process outsourcing services worldwide, and its stock is trading close to a 52-week high. The Deutsche Bank price target is $87, and the stock pays a 2.1% dividend. The consensus target for Accenture is $74, so this is a contrarian pick.

The stock market has made a habit lately of overcoming the proverbial wall of worry. It is still quite possible that we could see a 5% correction in the coming weeks or months. Perhaps the Wall St. axiom of “sell in May and go away” will play out yet again this year. With all of those things in mind, investors putting money to work in large cap names that pay dividends and have solid global businesses stand a good chance of seeing their portfolios grow.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.