Best Stock for 2013: Intel
InvestorPlace.com Editor Jeff Reeves hasn’t had quite the track record he hoped for so far in these annual stock-picking contests, so this year, he decided to keep things simple with blue-chip tech company Intel (NASDAQ:INTC).
Why? Well, quite simply, it’s the largest semiconductor manufacturer on the planet and comes with an eye-popping dividend yielding over 4.4%.
Jeff acknowledges that the post-PC era is a challenge for Intel, but he remains convinced that the company will figure out mobile.
And he isn’t just talk. He writes:
“For the record, I have skin in the game on this. At the end of October, I added the semiconductor giant to my personal portfolio at $21.50. And when it fell to $20.50 recently I doubled down. I plan on hanging on to this company for a long time because of that attractive yield, and the hopes of big growth and continued increases in the payout.”
Hopefully, the pick pays off — both for Jeff’s portfolio and for his contest pride.