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In addition, according to Jamie Cox, managing partner at Harris Financial Group, “There’s a lot of carnage in tech stocks that were somewhat overvalued, and that’s what’s mainly contributing to the volatility.”
However, amid the market’s downtrend, investment in the modernization of workflows should benefit computer hardware companies. So, we believe computer hardware stocks Dell Technologies Inc. (NYSE:DELL), HP Inc. (NYSE:HPQ), Seagate Technology Holdings plc (STX), and NetApp, Inc. (NTAP), which have been rallying on the back of their strong financials and consistent product innovations, could be solid picks now.
