Looking for Tech Stocks? These 2 Are Great Buys
After an amazing decade-plus run, tech stocks have turned into one of the worst-performing sectors of the market, with the Nasdaq 100 Technology Sector index losing one-third of its value over the first six months of the year. It's deep in bear market territory today.
Investors are jumping with both feet into the energy sector as oil prices rise and cycling into more defensive positions in the consumer staples market. Many believe that companies producing products consumers use daily will be more resilient in a recessionary economy.
That means now just might be a great time to invest in tech stocks. Many are trading at significant discounts to where they were even just a few months ago, and while it's not smart to simply anchor your investment decisions to a stock's price -- they can always fall further -- quality names are being offered at valuations not seen in years.
Source Fool.com
