2023 Stock Market Gains Are Tech Driven: Take Profits Now and Move to Legacy Dividend Tech Stocks

Corning’s Optical Communications segment provides optical fibers and cables, as well as hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices and other accessories for the telecommunications industry, businesses, governments and individuals.

The Specialty Materials segment manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments and software, as well as glass wafers and substrates, tinted sunglasses and radiation shielding products for various markets comprising mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses and telecommunications components.

Its Environmental Technologies segment provides ceramic substrates and filter products for emissions control in mobile, gasoline and diesel applications. And the company’s Life Sciences segment offers laboratory products, including consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media and serum, as well as general labware, glassware and equipment under the Corning, Falcon, Pyrex and Axygen brands.

Corning stock comes with a 3.45% dividend. J.P. Morgan’s Overweight rating is accompanied by a $42 price target. The consensus target is $37.17, and shares closed on Wednesday at $31.67.

Dell Technologies

This high-quality company pays a solid dividend, but its shares have been hit hard. Dell Technologies Inc. (NYSE: DELL) designs, develops, manufactures, markets, sells and supports information technology (IT) hardware, software and services solutions worldwide. It operates through three segments.

Infrastructure Solutions Group provides traditional and next-generation storage solutions, and rack, blade, tower and hyperscale servers. It also offers networking products and services that help its business customers to transform and modernize their infrastructure, mobilize and enrich end-user experiences and accelerate business applications and processes. It also offers attached software and peripherals, as well as support and deployment, configuration and extended warranty services.

The Client Solutions Group offers desktops, notebooks and workstations; displays and projectors; attached and third-party software and peripherals; as well as support and deployment, configuration and extended warranty services.

The VMware segment supports customers in the areas of hybrid and multi-cloud, modern applications, networking, security and digital workspaces, helping customers to manage IT resources across private clouds and complex multi-cloud, multi-device environments.

Dell also provides information security and cloud software and infrastructure-as-a-service solutions that enable customers to migrate, run, and manage mission-critical applications in cloud-based IT environments.

Investors receive a 3.38% dividend. Morgan Stanley’s $55 price target comes with an Overweight rating. Dell Technologies has a consensus target of $47.86. Wednesday’s close was at $45.16.

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