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3 5G Stocks to Buy and Hold

Published 11/18/2021, 09:41 AM
Updated 11/18/2021, 10:31 AM
© Reuters.  3 5G Stocks to Buy and Hold

© Reuters. 3 5G Stocks to Buy and Hold

5G has been a prominent investment theme for some time now. This has been a boon to certain wireless and telecom companies. But the transition to 5G is still going strong, which means there is still a lot of upside for a group of select 5G stocks. That’s why investors should consider highly rated stocks such as Qualcomm Inc . (NASDAQ:QCOM), AT&T Inc. (T), and Ericsson (BS:ERICAs) ADR (ERIC).One of the most significant investment themes over the past few years has been 5G technology. The introduction of 5G has markedly increased global telecommunications. As the world has become more reliant on data, 5G infrastructure makes transmitting information across networks faster and more efficient.

Even governments consider the development of 5G networks to be extremely important. While the ongoing chip shortage has weighed down some 5G companies, there's no question that many companies stand to benefit from the transition to 5G. We can get an idea of this performance through the First Trust Indxx NextG ETF (NXTG). Since March 23rd of 2020, the ETF has gained 104%.

But you could get even better performance if you focus on the top stocks that stand benefit from 5G. That's why investors should consider Qualcomm Inc. (QCOM), AT&T Inc. (T), and Ericsson ADR (ERIC), which are rated highly in our POWR Ratings system.

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