3 Top Tech Stocks to Buy in October
Tech stocks took a hit earlier this year as the market moved out of some of the most popular names into more consumer cyclical stocks. The Nasdaq 100 Technology Sector index that rose 456% in 2020 is up only 13% this year, and all of those gains have been since mid-May.
With the number of vaccinations rising and people returning to their offices, corporate spending on technology is rising. While computers and communication equipment will certainly get their fair share of dollars, software could be one of the biggest winners, with analysts at Forrester Research expecting to see it gain the bulk of that growth in 2021 and 2022. Not all the software companies out there will gain, but the following three tech stocks could generate fabulous returns for investors.
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Source Fool.com
