7 Tech Stocks That Are Screaming Buys Right Now
The task at hand for this article is to find some tech stocks that are screaming buys right now. Given the SP 500 tech sector is down 16.4% year-to-date through Aug. 25, that shouldn’t be too difficult. The big question: Where do you start? Based on the 47 tech stocks in the index, 37 are down more than the 16.4% mentioned earlier. However, just because a stock is down significantly in a given year doesn’t mean it’s a screaming buy. As I look at some of the names down more than 30% in 2022, I see many names that would look good in a diversified buy-and-hold portfolio. In mid-August, MarketWatch discussed the best way to invest in tech stocks with Robert Stimpson, the co-manager of the Red Oak Technology Select Fund (MUTF: ROGSX ), a fund that invests in large caps that have “attractive valuation, high-profit margins, and an ability or willingness to support and recognize shareholder value.” So, respecting this process, I’ll select seven stocks from ROGSX — it only holds 26 stocks, so that won’t be easy — that are down more than 16.4% YTD.
7 Tech Stocks That Are Screaming Buys Right Now
The task at hand for this article is to find some tech stocks that are screaming buys right now. Given the SP 500 tech sector is down 16.4% year-to-date through Aug. 25, that shouldn’t be too difficult. The big question: Where do you start? Based on the 47 tech stocks in the index, 37 are down more than the 16.4% mentioned earlier. However, just because a stock is down significantly in a given year doesn’t mean it’s a screaming buy. As I look at some of the names down more than 30% in 2022, I see many names that would look good in a diversified buy-and-hold portfolio. In mid-August, MarketWatch discussed the best way to invest in tech stocks with Robert Stimpson, the co-manager of the Red Oak Technology Select Fund (MUTF: ROGSX ), a fund that invests in large caps that have “attractive valuation, high-profit margins, and an ability or willingness to support and recognize shareholder value.” So, respecting this process, I’ll select seven stocks from ROGSX — it only holds 26 stocks, so that won’t be easy — that are down more than 16.4% YTD.