3 Top Tech Stocks to Buy in November
The Nasdaq-100 index has dipped about 5% since mid-July as macroeconomic headwinds have caused declines across the tech market. Over the last three months, many of the biggest names in the industry have experienced either dips in their stock prices or little to no growth. However, recent challenges are why it's crucial to have a long-term mindset when investing in tech stocks.
The sector is in a near-constant state of innovation and is known for rewarding patient investors with substantial returns. For instance, Apple (NASDAQ: AAPL) and (NASDAQ: MSFT) have experienced stock declines of 9% and 2%, respectively, since July. Meanwhile, Amazon's (NASDAQ: AMZN) stock has risen slightly at 4%. However, the chart below proves that stockholders who bought in five years ago are still significantly up on their investments.
Apple, Microsoft, and Amazon remain leaders in their respective markets and likely have much to offer investors over the long term. A recent sell-off in tech could be the perfect time to invest in these companies and reap the rewards for years to come. So, here are three top tech stocks to buy in November.
Source Fool.com
Microsoft Corp. Stock
With 98 Buy predictions and 2 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 406 € shows a slightly positive potential of 4.41% compared to the current price of 388.85 € for Microsoft Corp..
