1 Huge Dividend to Sell Before It's Too Late
In today's edition of "Talking Stocks," analyst Austin Smith cautions against chasing one unusually high dividend stock: Nokia. The company recently crossed the 10% yield barrier and may be tempting for the income-seeking investor. But chasing this monster yield is a portfolio kiss of death. Nokia recently announced huge job cuts and plans to sell some of its best assets -- patents. Don't be fooled by the news. This isn't a strategic shift to put more money in its hands and create a leaner organization going forward; it's pure survival. This is one big dividend you want to stay away from.
If Nokia is the dunce of the tech world, then the stock we named as "The Only Stock You Need To Profit From the NEW Technology Revolution" is the class All-Star. It's a company that has gained 300% since first recommended by Fool analysts but still has plenty of room left to run. Thousands have requested access to this special free report, and now you can access it today at no cost. To get instant access to the names of this company transforming the IT industry, click here -- it's free.
The article 1 Huge Dividend to Sell Before It's Too Late originally appeared on Fool.com.Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple and Microsoft. Motley Fool newsletter services recommend Apple, Microsoft, and Nokia. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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