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3 Top Tech Stocks to Buy Before the End of the Year -Breaking

by Mike Robinson

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© Reuters. These are the Top 3 Tech Stocks You Should Buy Before The End Of the Year

Tech industry growth is likely to continue in the immediate future, thanks to increasing use of tech-based solutions in various industries as well as the trend toward remote work. We believe it would be prudent to invest in fundamentally sound tech stocks PTC (NASDAQ:), Open Text(NASDAQ:), F5 Networks ()Read on. Read on.The Consumer Price Index rose 6.2% in October from a year earlier—its biggest jump in more than 30 years—dragging the benchmarked stock indexes down earlier this week. Investors bought the dip and the tech-rich NASDAQ quickly rebounded. It rose 0.7% yesterday. Investors’ interest in the tech stocks is evident in the Technology Select Sector SPDR Fund’s (XLK) 9.4% gains over the past month.

Tech industry growth is likely to be a result of the growing use tech solutions across multiple industries and the continued remote working trend. Wedbush analyst Dan Ives said, “We continue to believe this pressure on the tech sector is short-lived with our belief that tech stocks will be up 10% into year-end as the tech growth stories are being massively underestimated by the Street with 3Q earnings a major positive catalyst for the tech sector.”

Given this backdrop, we think fundamentally sound tech stocks PTC Inc. (PTC), Open Text Corporation (OTEX), and F5 Networks, Inc. (FFIV) could be solid additions to one’s portfolio now.

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