2 Hot Tech Stocks to Buy in August
While a company's soaring stock price can sometimes be a good sign that the stock is becoming overvalued, this isn't always the case. There are times when a rising stock price is an excellent indicator of a winning business that investors have previously underestimated.
This may be the situation for Salesforce.com (NYSE: CRM) and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). Year to date, both of these stocks have performed exceptionally well. Salesforce and Google are up about 32% and 19%, respectively. During this same period, the S&P 500 increased just 10%. Despite these stocks' recent bullish runs, both look like solid bets for the long haul.
Image source: Getty Images.
Source: Fool.com
Alphabet Inc. A Aktie
327,55 €
0,89 %
Die Alphabet Inc. A Aktie ist im Trend: Deutlich mehr Buy- als Sell-Einschätzungen.
Das Community-Kursziel von 339 € für Alphabet Inc. A deutet auf ein leicht positives Wachstumspotenzial gegenüber 327.55 € hin.
