3 High-Yield Telecom Stocks Outperforming the S&P 500 in 2021 By StockNews
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© Reuters. 3 High-Yield Telecom Stocks Outperforming the S&P 500 in 2021The telecom industry is expected to continue growing in the near term as the 5G rollout continues. So, we think it could be wise to add high-yield telecom stocks BCE (NYSE:), Telefónica (TEF), and Lumen Technologies (LUMN) to one’s portfolio now. These stocks have outperformed the S&P 500’s returns so far this year and could continue to do so in the near term. Let’s discuss.The demand for telecommunication services increased amid the COVID-19 pandemic as most companies adopted remote working structures. Investors’ interest in telecom stocks has remained high this year, as is evidenced by the SPDR S&P Telecom ETF (XTL) and the iShares U.S. Telecommunications ETF’s (IYZ) 15.6% and 11.4% respective gains year-to-date.
The 5G rollout is predicted to accelerate the growth of the telecom sector. Research and Market reports predict that the world’s telecom market will grow by 6% between 2021 and 2025.
Therefore, we think it could be wise to add high-yield telecom stocks BCE Inc . (BCE), Telefónica, S.A. (TEF), and Lumen Technologies, Inc. (LUMN) to one’s portfolio . These three stocks have also outperformed the S&P 500’s 18.1% returns so far this year.
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