In today's edition of "Talking Stocks," analyst Austin Smith cautions against chasing one unusually high dividend stock: Nokia. The company recently crossed the 10% yield barrier and may be tempting for the income-seeking investor. But chasing this monster yield is a portfolio kiss of death. Nokia recently announced huge job cuts and plans to sell some of its best assets -- patents. Don't be fooled by the news. This isn't a strategic shift to put more money in its hands and create a leaner organization going forward; it's pure survival. This is one big dividend you want to stay away from.
If Nokia is the dunce of the tech world, then the stock we named as "The Only Stock You Need To Profit From the NEW Technology Revolution" is the class All-Star. It's a company that has gained 300% since first recommended by Fool analysts but still has plenty of room left to run. Thousands have requested access to this special free report, and now you can access it today at no cost. To get instant access to the names of this company transforming the IT industry, click here -- it's free.
