While tech stocks have been out of favor the past few months, companies continue to innovate and roll out new products. Some are mere ideas, others are on the cusp of massive profitability.
The 5G network is in the second category. It’s been discussed for years, and started slowly rolling out shortly before the pandemic started. With an end to the pandemic, it’s likely to speed up, and one company stands to dominate no matter how the sector unfolds.
That company is Qualcomm (QCOM). The company is the leader in mobile chip technology. Its products appear in major brands. And the company’s royalty business model means that it doesn’t have to deal with the costs of production.
- Free Report: 3 Cryptos to Beat Bitcoin
The Coinbase IPO was one of the biggest technology IPOs in history. Experts believe it could kick-start a massive wave of cryptocurrency investing…
Certain tokens could see their value shoot through the roof!
Now one of America’s top crypto analysts just named 3 tokens he believes folks should own in the wake of the Coinbase IPO.
The company just saw revenue jump 52 percent in the most recent quarter. Yet, like many other tech companies shooting out the lights, shares aren’t quite at their all-time highs. Shares are up 68 percent in the past year, beating the overall market, but there’s room for further improvement.
Action to take: Investors may like shares, which yield 2 percent right now. The company has been growing the dividend at a steady pact for the past years, and has the earnings power to continue increasing it for years to come.
While an options trade may struggle a bit as tech shares remain out of favor, the September $150 calls could fare well on a rally in shares. The option last went for about $5.10. On a rally higher, traders could nab high double-digit returns.
Disclosure: The author of this article has positions in the stock mentioned here, and may make an additional trade on this company after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.