2 Tech Stocks You Can Still Buy as the Nasdaq Soars

The Invesco QQQ Trust tracks the Nasdaq-100, the largest stocks in the technology-heavy Nasdaq Composite index. After a rough 2022, it's up more than 30% so far this year. It has caught a lot of investors by surprise and left some feeling like they are missing out. But not all tech stocks are in the Nasdaq. And some of the ones that aren't are trading at surprisingly cheap valuations compared to their history.

Paycom Software (NYSE: PAYC) and Veeva Systems (NYSE: VEEV) are great examples. They both generate a ton of cash and plenty of earnings, and are growing at respectable rates. They also have loyal customers and valuations that are hovering near all-time lows. Here's why I think shares are a bargain right now.

Paycom operates in the crowded field of human capital management (HCM). In the simplest terms, its products help companies recruit, manage, and pay employees. In doing so, it facilitates dozens of processes related to tracking time, administering benefits, and complying with regulations. It competes with industry stalwarts like Automatic Data Processing and smaller challengers like Paylocity.

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Source Fool.com