BUY ALERT: 3 Breakout Tech Income Stocks

For the last few months, I’ve focused on small, speculative companies in the tech space.

And if you’ve followed my videos, you’ve done well in that space.

But I’m taking a break from those names today to home in on an even bigger opportunity in tech right now…

The S&P Technology Dividend Aristocrats Index.

This index tracks the stocks of tech-related dividend-paying companies that have paid and raised their payouts for the last seven years.

In these stocks, you get the best of both wealth-building worlds… big upside in tech stock gains and reliable dividend income.

And the index has easily outperformed the broader market, despite the recent pullback in tech…

Over the last five years, these tech titans are up 181% on a total return basis, versus a mere 115% gain for the S&P 500.

In fact, several of these superstar stocks are breaking out right now.

Today I’m going to highlight three of these soaring tech income stocks… and why their rally has much more room to run!

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Or if you’d prefer, read on below for the transcript of today’s video.

Video Transcript:

For the last few months, I’ve focused on small, speculative companies in the tech space.

And if you followed my videos, you’ve done very well with those picks.

But today, I’m going to take a break from those names to focus on an even bigger opportunity that’s developing right now — dividend stocks.

We’re going to take a look at some breakout names from the S&P Technology Dividend Aristocrats Index.

And if you aren’t familiar, these are tech stocks or tech-related names that have paid out dividends consistently for at least seven years and also increased their dividend payouts.

Many tech stocks don’t pay dividends. They prefer to pour earnings back into their business, as opposed to paying out shareholders.

But there are a select few of these companies that are paying out dividends.

And as we’re thinking about inflation for the first time in a while, the income that these companies generate on the shares that you own gives you the best of both worlds.

You’ve got the upside from tech stocks, which have been the undisputed leader in the markets for the last 10 or 15 years.

You also get the safety of a reliable dividend that can add to the shares you own and compound over the years.

The S&P Technology Dividend Aristocrats Index is up more than 180% over the last five years on a total return basis vs. the S&P total return, which is just above 115%.

So today we’re going to focus on three breakout stocks from this index.

Let’s go ahead and dig right on in!

Breakout Stock #1: HP Inc. (HPQ)

The first stock on my watchlist today is HP Inc. (HPQ), one of the biggest computer manufacturers in the country.

And as you can see here on the chart, there’s a big breakout. This is a long-term weekly chart of HPQ.

As you can see, there’s just a massive breakout above $26 to a fresh four-year high.

Not only is the stock surging, but it’s also more than doubled in the last year. And it pays an annual dividend of 2.6%, which is awesome.

If you take a look at the 10-year Treasury, it’s yielding just 1.5%, even after the big move. That’s nothing compared with what you’re getting from HPQ.

My target on the stock price is $40. That offers you a 33% upside from where the stock is trading now right around the breakout area.

You’ve got a lot of safety hopping into the shares here as they ride higher.

Breakout Stock #2: Corning Inc. (GLW)

The next stock on my list is Corning Inc. (GLW), the makers of Gorilla Glass.

If you’re unfamiliar, that’s the glass you’ll find on the front of iPhones, Androids and tablets everywhere.

They also make large panes of glass for ultra-high-definition televisions as well as glass for fiber-optic cable.

So they’re very plugged into the tech space, both on the commercial and the consumer sides.

The stock has traded in a range between $35–40 for much of the last four or five months, breaking out solidly above average volume.

This is something I love to see because it’s confirmation that the breakout is for real.

If you go back a little bit further, you see the stock has traded in the $30–$40 range. My price target on the stock is $50. That’s 25% higher than where the stock is trading right now.

I love this stair-step higher. And it’s a big breakout with a lot of room for this stock to run again. As we’re seeing a lot of economic improvement, there’s money in pockets ready to spend.

So look for GLW to continue to surge higher. And collect that dividend while you’re waiting!

Breakout Stock #3: Automatic Data Processing Inc. (ADP)

The last stock on my list is Automatic Data Processing Inc. (ADP). They’re basically a one-stop shop for digital human resources services. They offer a lot of services to a lot of big clients all across the world.

And boy, business has been good!

One thing I love about ADP right now is that when you take a look at the $180 level here, the stock just smashed through the 2020 top.

As companies prepare to reopen as businesses ramp up, ADP is going to be well in demand.

And take a look here just over the last year and a half. You can see the stock traded in a beautiful kind of ascending triangle pattern.

You got a top here at $180 and then the stock bottoms out here around $110.

That’s a $70 range. You slap that on top of the breakout here at $180 and that gives you a $250 price target.

That’s about 32% higher than where the stock is trading right now. And for your troubles, you’ll collect a 2% dividend on top of that.

There’s a lot to love here in all three of these names.

And each one is paying a dividend annually of at least 2% with a track record of boosting that dividend for the last seven years.

Thank you so much for watching my video today.

Again, I’m a J-Rod for Technology Profits Daily. And I’ll see you next week!


Jonathan Rodriguez

Jonathan Rodriguez

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Jonathan Rodriguez