Huge potential for tech growth with big dividends is a Q4 and 2022 winner – 24/7 Wall St.


Technology

As hard to believe as it is, summer 2021 will officially be in the rear view mirror soon and the third quarter is about to end. The question going forward is which path makes sense for total return growth investors? Investors have enjoyed seven straight months of gains as the stock market is massively overbought, not having experienced a 5% correction for almost a year. Despite the lousy jobs report last week, the Federal Reserve will begin the process of quantitative easing, possibly in November.

Investors with a longer-term perspective and a slightly higher tolerance for risk that focuses on total return may have the path to success, even with the potential for a sell-off. Strong, successful technology companies with in-demand products that pay significant and reliable dividends is a solid idea for the fourth quarter and into 2022.

We sifted through our 24/7 Wall St. research database for technology companies with a range of in-demand products or services that pay a reliable dividend. Five of them stood out and are all great ideas for investors with a higher tolerance for risk and a long-term investment horizon.

Many of these companies have dividend reinvestment plans, with which you can reinvest the dividends to buy more shares. This makes a lot of sense, especially given the potential for a large correction.

Although these stocks are rated Buy, it is important to remember that no analyst report should be used as the sole basis for any decision to buy or sell.

Broadcom

The company posted strong earnings and the stock is a member of the BofA Securities US 1 list of top stock picks. Broadcom Inc. (NASDAQ: AVGO) has an extensive portfolio of semiconductor products that address applications within wired infrastructure, wireless communications, enterprise storage, and industrial end markets.

Applications of Broadcom’s products in its end markets include data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, servers and storage, factory automation, power generation, and alternative energy systems and displays.

The dividend yield is 2.90%. BofA Securities has a massive price target of $ 580 on Broadcom stock, while the consensus price target is $ 530.62. The shares closed trading on Friday at $ 497.67.

ALSO READ: 5 Very Well Known Hot Stocks To Buy Under $ 10 With Huge Upside Potential


Source link

Previous How to use FaceTime on Android
Next Releases Top Digital Audio Properties Rankings for July 2021; Expands ranking of EMEA publishers to Top 15

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *