Need another reason to buy tech stocks now? How about this: they’re insulated from interest rate hikes because their huge cash hoard — some $765 billion in all (with about a third of that belonging to my No. 5 pick; see below) — means they can hold off on pricier loans while earning more on their investments. Throw all these things together — surging profits, strong balance sheets, lightning-quick dividend growth and the selloff — and you get a perfect opportunity to go contrarian and snap up some sparkling dividend growers at great prices. Here are 5 strong picks, ranked in the order I’d put them on my own personal buy list today...
No tech-stock article complete without Apple Inc. (NASDAQ:AAPL). And though its dividend yield is too low to get our hearts racing — 1.7% (which is one of the reasons why I’ve ranked it No. 5) — check out the smooth rise in the payout. Intel Corporation (NASDAQ:INTC) is usually written off as yesterday’s news, churning out chips for the dying PC market. Texas Instruments Incorporated (NYSE:TXN) is a chipmaker like Intel, but it doesn’t play on the same field: it makes analog chips, which you’ll find in pretty much every electronic device. Tied for first are two plays from a corner of the market no one links to tech: real estate investment trusts. I’m talking about Prologis Inc (NYSE:PLD), with a 3.0% dividend yield and 379 million square feet of warehouse space in the US, and STAG Industrial Inc (NYSE:STAG), its small cap cousin, which pays 5.0% and does so monthly, to boot.
Source: InvestorPlace
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- The Magnificent Marvelous Money Machine
- 5 Five-Star Dividend Stocks
- My Top 3 Investing Mistakes
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