3 Top Tech Stocks to Buy in February
Major stock indexes retreated in late January due to concerns about the Wuhan coronavirus outbreak, but many tech stocks are still hovering near their all-time highs. Investors might be waiting for a steeper pullback, but a trio of high-quality tech stocks -- Baidu (NASDAQ: BIDU), Microsoft (NASDAQ: MSFT), and Sony (NYSE: SNE) -- could be worth buying in February, even without a potential pullback brought on by a market retreat.
Baidu, which owns China's largest search engine and third-largest digital advertising business, lost nearly 30% of its market value over the past 12 months as its core advertising business hit a brick wall. Tough competition from Gen Z-oriented rivals such as ByteDance and the sluggish Chinese economy caused its ad revenue to slide year over year over the past two quarters.
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Source Fool.com
