These tech stocks should deliver double-digit total returns every year
Fresh off reaching the 6,000 mark milestone since its
inception 46 years ago, the Nasdaq Composite index — home to some of the
world’s largest technology companies — is trading near all-time highs. So, good
luck finding tech stocks that are trading at discount prices.
The current bull market, now in its eighth year and
counting, has invited tons of new investors to the market. Indeed, there are
tons of reasons to remain optimistic. Corporate earnings are on the rise and
unemployment continues to fall. And not only is the housing market still
booming, President Trump’s pro-growth policies have yet to kick in.
Nevertheless, all of these scenarios also mean that the next
bear market is inching much closer.
To that end, protecting current gains is paramount. And how
you construct your portfolio from this point forward matters. But you don’t
have to sacrifice growth for protection, if you know where to look.
Today, we’re going to look at three tech stocks that you can
buy now and forget about for the next decade, in large part because of their
ability to generate and stash large piles of cash. Big war chests and high cash
flow give these companies seemingly infinite options for game-changing
acquisitions, as well as the ability to improve their dividends over time.
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