Dividend Investor Insights: Five Income-paying Software Investments to Purchase as Tech Takes Flight

You are receiving this email because you signed up to receive our free e-letters, or you purchased a product or service from its publisher, Eagle Financial Publications. Five Income-paying Software Investments to Purchase as Tech Takes Flight 06/02/2023 [Sponsored Content]( [This color-coded "trading stoplight" keeps you in the right lane]( This simple GREEN, YELLOW, and RED classification has helped traders avoid disaster - even in today's treacherous market. [CLICK TO WATCH]( [Click Here...]([1pxtrans]( Five income-paying [software investments]( to purchase as technology stocks take flight feature an industry giant, three funds and a manufacturer of security products to address intrusion, fire, video, wireless, access control and remote door-locking. The five [income-paying software investments]( to purchase have been climbing as technology stocks recover from a drop of more than 30% in 2022. Investors who don't mind volatility may be able to tap these technology equities to outperform the market while pursuing potentially strong additional gains. A current advocate of technology funds and stocks is Mark Skousen, PhD, an economist who serves as a Presidential Fellow at Chapman University and heads the [Forecasts & Strategies]( investment newsletter. He is a seasoned forecaster who recommended a technology fund, Technology Select Sector SPDR Fund (NYSE: XLK), in [Forecasts & Strategies]( that has jumped 33.65% so far this year through June 1. Mark Skousen, head of [Forecasts & Strategies]( meets with Paul Dykewicz. XLK Kicks off Five Income-paying Software Investments to Purchase Technology Select Sector SPDR Fund offers a current dividend yield of 0.8%. Skousen shared the secret, saying that the fund's holdings are heavily weighted toward some of the most successful stories in 2023: Microsoft (NASDAQ: MSFT), up 39.25%... Apple (NASDAQ: AAPL), soaring 38.97%... NVIDIA (NASDAQ: NVDA), rocketing 169.13%... Broadcom (NASDAQ: AVGO), gaining 46.05% and Salesforce (NASDAQ: CRM), climbing 60.67%. Skousen, who also heads the [TNT Trader]( advisory service that recommends both stocks and options, instructed his followers to take a profit on May 25 of 323.96% by selling call options in Nvidia Corp. that he recommended on May 2. He advised hiking the stop price on the stock, which had risen 38.82% through June 2. Courtesy of [www.StockRover.com](. Learn about Stock Rover by [clicking here](. [[America’s Hedge Funds Are Loading Up on This Stock. Are You?]( What do the world’s smartest and richest investors know that you don’t? Well, for one, they know about a small resource company whose stock is on a startling trajectory. Not only that, they know it's paying a whopping 25.02% dividend. Over 603 institutions are piling into this fast-growing stock and its robust dividend. Don't get left out. Follow the smart money for oversized dividend payouts in 2023. [Click here to get in ASAP.]( [Click Here...]( Proven MSFT Stands out Among Five Income-paying Software Investments to Purchase Skousen, who is a descendant of founding father, diplomat and inventor Benjamin Franklin, pointed out that the fund was heavily weighted in some of the strongest technology stocks. One of those stocks is Microsoft ([NASDAQ: MSFT]( a dividend-paying software development company in Redmond, Washington, that has jumped nearly 40% so far this year. Microsoft reported better-than-expected results for its fiscal third quarter, especially in its Microsoft Cloud business, according to Chicago-based investment firm William Blair & Co. Third-quarter revenue for Microsoft finished $1.8 billion ahead of consensus estimates. The company's fiscal fourth quarter revenue guidance came in at roughly $640 million ahead of consensus estimates, after adjusting for currency headwinds, according to William Blair. Income investors may appreciate that Microsoft pays a current dividend of 0.82%. Chart courtesy of [www.stockcharts.com]( Five Income-paying Software Investments to Purchase Lifted by Sector Surging Nearly 25% YTD Despite headwinds of inflation, tight money, a brewing banking crisis and gridlock in Washington about raising the U.S. government's debt ceiling, the technology-tilted NASDAQ has soared about 25% year to date. Investors who are reluctant to purchase individual software stocks may prefer a fund, said Bob Carlson, a pension fund chairman who heads the [Retirement Watch]( investment newsletter. A fund favored by Carlson is Invesco Dynamic Software (PSJ), aimed at tracking the Dynamic Software Intellidex Index that consists of approximately 30 companies engaged in businesses related to software applications, systems and information services. PSJ Picked Among Five Income-paying Software Investments to Purchase Bob Carlson, head of [Retirement Watch]( meets with Paul Dykewicz. The index is updated quarterly to incorporate factors such as price momentum, earnings momentum, quality, management action and value. The fund's turnover ratio is more than 200%. About 49% of the fund is in its 10 largest positions. Top holdings recently were Electronic Arts (NASDAQ: EA), Forinet (NASDAQ: FTNT), Activision Blizzard (NASDAQ: AITI), Cadence Design Systems (NASDAQ: CDNS) and The Trade Desk (NASDAQ: TTD). PSJ lost 27.73% in 2022 but is up 15.60% so far in 2023 and 5.27% during the last 12 months. The fund also offers a modest dividend yield of 2.0%. Chart courtesy of [www.stockcharts.com]( TDIV Tapped as One of Five Income-paying Software Investments to Purchase A broader-based fund with a higher dividend yield is First Trust NASDAQ Technology Dividend Index (TDIV). The ETF tries to track the Nasdaq Technology Dividend Index, which is composed of technology and telecommunications companies. The fund recently had 94 holdings, and its 10 largest positions accounted for 59% of its assets. The biggest weightings recently were Microsoft ([NASDAQ:MSFT]( Apple ([NASDAQ: AAPL]( Intel ([NASDAQ: INTC]( Broadcom (NASDAQ: AGVO) and IBM (NYSE: IBM). Roughly 13% of the fund was in communication services and the rest fit into the technology sector. The fund lost 22.12% in 2022 and is up 16.56% so far in 2023, 11.12% during the past three months and 1.71% over the last 12 months. The stock's dividend yield recently reached 2.2%. Chart courtesy of [www.stockcharts.com]( [[We Called (MSFT) In Advance… What’s Next?](]( There are thousands of Stocks, Futures, ETFs and Crypto to trade...and the list goes on and on. But only one tool to [learn the best time to enter trades before they takeoff >]( [Click Here...]( NAPCO Is One of the Five Income-paying Software Investments to Purchase Napco Security Technologies (NASDAQ: NSSC) is an Amityville, New York-based manufacturer of security products, featuring advanced technologies for intrusion, fire, video, wireless, access control and door-locking systems. Its products are sold and installed by tens of thousands of security professionals worldwide to serve commercial, industrial, institutional, residential and government applications. The company has a heritage of developing innovative technology and reliable security solutions for the professional security community, including StarLink Universal Wireless Intrusion & Commercial Fire Communicators and new StarLink Connect Radios with Universal Full Up/Download for major brands. Napco Security also offers Gemini Security & Fire Systems and the NAPCO Commercial Platform of 24V Addressable/Conventional/Wireless Systems and Firewolf Fire Panels & Devices. “When the Federal Reserve stops ratcheting up interest rates, I would expect strong growth stories to continue to profit," said Michell Connell, who heads the Dallas-based [Portia Capital Management](. The company's five-year revenue growth has been 10.45% per year and its five-year earnings growth rate has averaged 28% or more every year, Connell continued. "EPS growth rate is expected to increase exponentially more than 100% this year," Connell commented. "That's well ahead of the industry average expected growth rate of 22%." The company is a "strong cash generator," Connell concluded. Michelle Connell heads [Portia Capital Management](. For the last three to five years, Napco Security's annualized growth rate has topped 20%. In contrast, the industry average has only been about 5 to 6%, Connell commented. Napco Security initiated a dividend when it reported results on May 8. While the dividend yield is less than 1%, it's a start, Connell counseled. The company's outlook appears "strong," Connell opined. Since the beginning of 2023, earnings expectations for the company have increased. "While the stock is up over 20% YTD, it could return another 20-25% over the next 12-18 months, Connell told me. "However, given its high-octane performance, it can also provide swift downdrafts. The stock has declined more than 60% at certain points. In addition, there is a high short interest of 14%. It makes me cautious in the near-term." Chart courtesy of [www.stockcharts.com]( Avoid overpaying by dollar-cost averaging and purchasing shares amid pullbacks, Connell counseled. Foreign Affairs Figure into Financial Outlook In a 24-hour period stretching into Friday, June 2, Ukrainian military officials said Russia had carried out 62 missile strikes and 15 air strikes. In defense of its own land, Ukraine rebuffed more than a dozen ground assaults, those officials added. Despite Russia’s sustained [attacks against Ukraine]( using a combination of drones and missiles, at least a couple of buildings in Moscow were [struck by drones]( on the morning of May 30 to mark the first such incursion on Russia’s capital since President Vladimir Putin ordered troops to invade its much smaller neighbor in February 2022. Despite Putin calling Russia’s attack against Ukraine a “special military operation,” the United Nations has reported that its investigations of the invasion have found evidence of “war crimes.” President Joe Biden's National Security Council spokesperson said the United States does not support attacks inside of Russia as a “general matter.” However, the administration has been providing Ukraine with equipment and training to retake their own sovereign territory. U.S. Secretary of State Antony Blinken said on Tuesday, May 30, that the “time is now” for Turkey to stop opposing Sweden joining NATO but added the Biden administration also favors providing Turkey with upgraded F-16 fighters “as soon as possible.” Blinken said that the administration had not linked the issues but added that some U.S. lawmakers have done so. President Joe Biden reportedly mentioned the two issues in a phone call with Turkish President Recep Tayyip Erdogan on Monday, May 29. The five income-paying software investments to purchase as technology stocks soar after a plunge in 2022 present investors with a prime opportunity to profit. With technology stocks trending up, the potential returns could be tantalizing. Sincerely, Paul Dykewicz, Editor [DividendInvestor.com]( About Paul Dykewicz: Paul Dykewicz is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, Seeking Alpha, GuruFocus and other publications and websites. Paul is the editor of [StockInvestor.com]( and [DividendInvestor.com]( a writer for both websites and a columnist. He further is the editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul also is the author of an inspirational book, "[Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain](", with a foreword by former national championship-winning football coach Lou Holtz. 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