7 Best Tech Stocks to Buy in July 2022
Best tech stocks to buy in July is our topic today. High growth tech shares continue to struggle amidst high inflation, tightening monetary policy, and a global semiconductor shortage. Technology led the charge as the economy recovered from the Covid-19 pandemic, but the tables seem to have turned in 2022. SP Global (NYSE: SPGI ) highlights , “As tech, media and telecommunications equities reeled from a steady slide into bear market territory, initial public offering activity in the sector dropped off precipitously from 2021 peaks.” Lofty valuations in tech names coupled with uncertainty over how the interest rate hikes by the Fed may affect the U.S. economy has sent pushed these names into multi-year lows. Investors continue to sour on the embattled industry as the tech-heavy NASDAQ 100 Index has fallen close to 30% year-to-date (YTD), and the Technology Select Sector SPDR Fund (NYSE: XLK ) has dropped around 26%. Meanwhile, the SP 500 Index has declined around 19% over the same period, highlighting the pressure on the technology sector. 7 Best Large-Cap Stocks to Buy in July 2022 But despite these recent headwinds, many analysts concur technology remains the predominant sector that will lead the rebound once the fears of recession subside.
7 Best Tech Stocks to Buy in July 2022
Best tech stocks to buy in July is our topic today. High growth tech shares continue to struggle amidst high inflation, tightening monetary policy, and a global semiconductor shortage. Technology led the charge as the economy recovered from the Covid-19 pandemic, but the tables seem to have turned in 2022. SP Global (NYSE: SPGI ) highlights , “As tech, media and telecommunications equities reeled from a steady slide into bear market territory, initial public offering activity in the sector dropped off precipitously from 2021 peaks.” Lofty valuations in tech names coupled with uncertainty over how the interest rate hikes by the Fed may affect the U.S. economy has sent pushed these names into multi-year lows. Investors continue to sour on the embattled industry as the tech-heavy NASDAQ 100 Index has fallen close to 30% year-to-date (YTD), and the Technology Select Sector SPDR Fund (NYSE: XLK ) has dropped around 26%. Meanwhile, the SP 500 Index has declined around 19% over the same period, highlighting the pressure on the technology sector. 7 Best Large-Cap Stocks to Buy in July 2022 But despite these recent headwinds, many analysts concur technology remains the predominant sector that will lead the rebound once the fears of recession subside.