Wall Street says buy stocks that pay dividends with $6 trillion of cash ready to be deployed

Getty Images; Chelsea Jia Feng/BI

• Dividend stocks are set to surge as investors deploy $6 trillion from money-market funds, Bank of America says.
• Investors could be looking to invest their cash as the Fed gets ready to cut interest rates in September.
• BMO agrees, and recommends high-yielding stocks including Abbvie, Chevron, and Gilead Sciences.

Dividend-paying stocks are poised to surge in the second half of the year as investors start to deploy the $6 trillion sitting in money market funds...