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Despite major indexes hitting their all-time highs over the past two weeks, rising investor concerns regarding the rapid spread of the COVID-19 Delta variant, and consequent re-imposition of mask mandates and potentially other restrictions in the United States, have increased market volatility significantly. The CBOE Volatility index has gained 14.3% over the past month. Furthermore, the decelerating economic recovery is evidenced by the disappointing 6.5% GDP growth rate in the second quarter. It is nearly two percentage points short of the Dow Jones 8.4% consensus estimate. With the Fed recently reiterating its near-zero interest rate stance, high-yielding dividend stocks could be ideal investment bets for income investors. Furthermore, tech stocks are expected to perform well amid rising COVID-19 related concerns as companies continue to operate through remote structures.
Given this backdrop, we believe high-yield tech stocks International Business Machines Corporation ( IBM ), Seagate Technology Holdings plc (STX), Hewlett Packard Enterprise Company (NYSE:HPE), and Xerox Holdings Corporation (XRX), with stable dividend payout histories, should be the good bets now.
