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When cases rise, people are less likely to go out, which means investors go back to the technology stocks that performed so well in 2020. While I don’t see a repeat of the lockdowns, I can’t argue with the logic that many technology companies stand to benefit as cases increase. But many tech stocks have already had their prices run high.
That’s why investors should consider more under-the-radar technology companies whose offerings should not only benefit from rising cases but in the long run as well. These are companies with solid business models, robust growth potential, and whose stocks aren’t trading are high multiples. Silicon Motion Technology Corp. (SIMO), Teradata Corporation (TDC), and Yelp Inc. (YELP) are great examples, which is why I am highlighting them below.
