Volatility has returned to the stock market again in recent weeks. The Nasdaq has already corrected by declining more than 10% from its peak, while the S&P 500 is approaching that level. Many stocks are down even more than that.

Quality dividend stocks yielding 7% and more are the best ideas for many investors now. These five are too cheap to ignore any longer.

The Nasdaq has hit some turbulence this year. Here's why I couldn't resist the opportunity to buy more shares of this "Magnificent Seven" stock, which has tumbled 20% from its recent peak. Alphabet is one of seven leading tech companies dubbed the Magnificent Seven due to their strong growth prospects and stock price performance in recent years.