NEW YORK (TheStreet) -- One of my favorite strategies to park money overnight is through dividend capturing. When timed and executed properly, dividend capturing is a relatively low-risk method of enhancing yields through hedging techniques.I haven't captured many lately because of market correction fears. There is a saying on Wall Street that you "shouldn't pick up nickels in front of a steam roller," and I believe it's true. In my options newsletter, I warned for weeks that dividend capturing wasn't worth the risk because option premium was relatively small (for an overall market gauge, you can look at the iPath S&P 500 VIX Short-Term ( VXX) to measure fear). Two companies that don't care what direction the market is headed are U.S. Bancorp ( USB) and WellPoint ( WLP). Both companies are in the financial space, near 52-week highs and should have your attention. U.S. Bancorp is a financial services holding company and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. If you follow me on twitter, or read my bullish U.S. Bancorp articles including "Rising Dividend Stocks That Don't Care About the Fiscal Cliff" you know I've been bullish on U.S. Bancorp before 2013. USB data by YCharts
My optimism continues. The fundamentals are solid and the chart is a trend follower's dream. Even after the share price gains this year, the forward P/E ratio is only 10.9. I view short-sellers as the smart money on Wall Street.
WellPoint is the largest publicly traded commercial health benefits company in terms of membership in the United States. Wellpoint trades an average of 1.8 million shares per day with a marketcap of $24 billion. On Monday, WellPoint climbed to a new 52 week high and is up over 15% in the last year. During the last month alone, shareholders witnessed shares climb in value over 6.5%. As strong as WellPoint has been during the last few months, the chart remains impressive for the bullish thesis. Monday's break above the 52-week high is based on a trading range started over a month ago. I see this type of price action in stocks that are moving towards a newer and higher price range. We can all agree the few short-sellers of WellPoint aren't feeling well lately, and I wouldn't expect many will join the few that made the mistake of shorting. Currently, short interest is 1.7% of the float, a relatively small amount. Follow @RobertWeinstein This article was written by an independent contributor, separate from TheStreet's regular news coverage.