Swarup Gupta, Zacks.com

With a rate hike getting closer, yields are likely to spike again. Insurers will clearly gain from this and they have experienced a good year til now. This is why these 3 stocks would make prudent portfolio addition.

Despite gains for the month of April, the US markets have not been supported by strong economic fundamentals. Weaknesses in growth and the labor sector have come as a disappointment, compounded by other dismal economic reports. Most gains are a result of strong earnings and this may be a good time to look at investments abroad.

Most market watchers believe that markets will stabilize by end-2015. However, they also expect volatility to continue on a day-to-day basis. In this environment, stocks offering high yields make for good choices.

Ahead of the Wednesday's Fed statement, investors were selling income generating stocks including utilities on anticipation of an imminent hike in short-term interest rates. However, the Fed's move to open the door for a rate hike helped these stocks end in the green.

Stocks closed at their lowest level in 2 months on Tuesday, weighed down by a surge in the dollar. The euro lost the most against the dollar, following renewed fears regarding an interest rate hike by the Fed. Look for these 5 stocks to perform despite the turnover.

Increased job additions and expectations of this trend continuing should keep the staffing companies busy. These companies are poised to gain from increased job creation in the economy.