CHL - 3 Top High-Yield Tech Stocks
With the market hovering near historic highs, it might seem risky to start positions in new stocks. However, investors should still accumulate shares of income-generating stocks with high yields and low valuations, which usually act as safety nets during market downturns. Here are three high-yielding tech stocks that fit the bill: Seagate Technology (NASDAQ: STX), IBM (NYSE: IBM), and China Mobile (NYSE: CHL).
Seagate is the top manufacturer of platter-based HDDs (hard disk drives) in the world. Sales of HDDs have decelerated over the past few years, due to competition from flash-based SSDs (solid state drives) -- which are faster, smaller, more power-efficient, and less prone to damage than HDDs -- and slowing sales of PCs.
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