2 Top Tech Stocks to Buy Right Now
The stock market has stabilized a bit in recent weeks, but lots of high-quality stocks are still hanging out in Wall Street's bargain bin. Smart investors can set up fantastic long-term positions by sifting the wheat from the chaff in that pile.
Today, I'm particularly interested in next-generation database expert MongoDB (NASDAQ: MDB) and media-streaming technology developer Roku (NASDAQ: ROKU). Both stocks have fallen more than 65% year to date, but their long-term business prospects are as bright as ever. Picking up these top-shelf tech stocks on the cheap right now could make you some serious money over the next five to 10 years.
The database specialist isn't exactly cheap, even after this year's dramatic price drop. Shares are trading for 11.8 times trailing sales and 3,300 times forward earnings estimates. These ratios are enough to send traditional value investors running for the sidelines.
Source Fool.com
