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Why You Should Consider Adding These 3 Buy-Rated Small-Cap Tech Stocks to Your Portfolio -Breaking

by Mike Robinson

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© Reuters. These are 3 buy-rated small-cap tech stocks that you should consider adding to your portfolio

The resurgence of COVID-19 cases and continuing digital transformation have been steering investors’ attention toward tech stocks. We believe it is a smart move to invest in quality small-captech stocks such as Benefitfocus (NASDAQ;), CyberOpticss (CYBE) and Gilat Satellite. Our POWR Ratings gives them a B rating (Buy). Continue reading. Rising input costs, disruptions in supply chains, and shortages of labor have put the tech sector under severe pressure. In addition, the rose to 1.679% following President Joe Biden’s re-nomination of Jerome Powell as Federal Reserve chairman. The strong earnings season in the third quarter and the return of COVID-19 cases has fueled investor interest in stocks. This is evidenced by the Technology Select Sector SPDR ETF’s (XLK) 6.5% returns over the past month, versus the SPDR S&P 500 Trust ETF’s (SPY) 3.2% gains.

The ongoing digital transformation and increasing use of cloud computing, artificial intelligence, and other advanced technologies should keep driving the technology industry’s growth. According to GoRemotely, the tech industry is expected to hit a $5 trillion market value by year’s end.

We believe it would be smart to invest in quality small-captech stocks such as Benefitfocus, Inc., CyberOptics Corporation, and Gilat Satellite Networks Ltd., given the current low interest rate environment. Our POWR Ratings have rated these stocks as B (Buy).

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