7 Oversold Tech Stocks to Buy for July
Oversold tech stocks is our topic for today. Markets have kicked off the third quarter, while optimism is still hard to come by. Meanwhile, investors are getting ready for the busy earnings season. So far in the year, high-growth tech stocks have seen significant selling pressure, in part due to rising interest rates and mounting inflation. Bloomberg recently reported , “tech stocks with lofty valuations are particularly vulnerable to higher interest rates as it weighs on the current value of the companies’ future profits.” As a result, investors have been shying away from these forward-looking companies. For example, the Technology Select Sector SPDR Fund (NYSEARCA: XLK ) and the iShares U.S. Technology ETF (NYSEARCA: IYW ) have fallen 26% and 29% year-to-date (YTD), respectively. Despite the ongoing market rout, tech companies remain vital to the global economy and modern life. Consequently, we are likely to see a significant tech rebound once the pessimism in the overall markets subsides. 7 Cheap Semiconductor Stocks to Buy Now With that information, here are seven oversold tech stocks to buy in July.
7 Oversold Tech Stocks to Buy for July
Oversold tech stocks is our topic for today. Markets have kicked off the third quarter, while optimism is still hard to come by. Meanwhile, investors are getting ready for the busy earnings season. So far in the year, high-growth tech stocks have seen significant selling pressure, in part due to rising interest rates and mounting inflation. Bloomberg recently reported , “tech stocks with lofty valuations are particularly vulnerable to higher interest rates as it weighs on the current value of the companies’ future profits.” As a result, investors have been shying away from these forward-looking companies. For example, the Technology Select Sector SPDR Fund (NYSEARCA: XLK ) and the iShares U.S. Technology ETF (NYSEARCA: IYW ) have fallen 26% and 29% year-to-date (YTD), respectively. Despite the ongoing market rout, tech companies remain vital to the global economy and modern life. Consequently, we are likely to see a significant tech rebound once the pessimism in the overall markets subsides. 7 Cheap Semiconductor Stocks to Buy Now With that information, here are seven oversold tech stocks to buy in July.