Take Advantage of the Pullback and Buy These 3 Tech Stocks By StockNews
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The market has seen increased volatility over the past few weeks due to a number of concerns. Many tech stocks have seen steep drops, giving investors the opportunity to purchase on the dip. Qorvo, Inc. (NASDAQ:), PTC Inc. (NASDAQ:), and Avnet, Inc. (NASDAQ:) are three tech stocks with bright futures that can be bought at attractive prices due to the pullback.From September 2nd through September 21st, the S&P 500 fell 3.6%. While that may not seem like much, remember that the S&P 500 is a broad-based index. Some stocks suffered even more losses. The market is being watched closely by Evergrande Group, which could possibly default on its debts in China.
Another concern is the impact of the Delta variant on the economy’s recovery. Today’s survey revealed that business economists have lowered their projections of US growth for this year. The debt ceiling is another concern. Although there are still some bearish views, it is possible to purchase stocks during a pullback.
Although cases remain high, the Delta variant could be peaking. Despite economic projections being down for 2021 and 2020, there should be an increase in business growth next year. Investors should look at investing in tech stocks that have suffered losses. My screen included stocks that were recently rated as Buys or better in the POWR Ratings System. Three intriguing stocks that caught my eye were Qorvo, Inc., PTC Inc., and Avnet, Inc.
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