3 High-Yield Telecom Stocks Outperforming the S&P 500 in 2021 By StockNews
The 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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