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Over the past couple of months, technology growth shares and cyclical value stocks have traded leadership in the market each day. But minus today’s market sell-off, growth stocks appear to be making a comeback. Even amidst higher inflation, long-dated Treasury yields are no longer soaring due to the massive liquidity in the market. Plus, the latest Fed minutes came in dovish, indicating officials are not ready to tighten policy.
When you add in the highly infectious strain of the Delta variant of COVID-19 and the potential for more lockdowns, tech stocks look like a good bet. Teradata Corporation (TDC), HP Inc. (HPQ), and Broadcom Inc. (AVGO) are three highly-rated technology companies in our POWR Ratings system that look poised for gains in the weeks and months ahead.
