2 High-Yield Tech Stocks to Buy in October
2022 has been a tough year for investors. The S&P 500 market index is down more than 30% year to date and the more growth-oriented Nasdaq Composite lost more than 30% over the same span. Within these broad market trackers, many stocks have taken even harder hits.
On the upside, the negative market trend has created some fantastic buying opportunities. That's particularly true in the tech sector, which tends to exaggerate whatever trends are going on in the general stock market. But wait -- there's more good news! Given the price-based mathematics of dividends, lower stock prices also tend to drive dividend yields higher.
Taken together, these two effects make me want to pound the table about investing in Intel (NASDAQ: INTC) and International Business Machines (NYSE: IBM) right now. These top-quality companies have seen sharp price drops in 2022, pushing their cash-powered dividends to new heights of generosity.