This post was originally published on this site
Investors’ interest in tech stocks is evidenced by the Technology Select Sector SPDR ETF’s (XLK) 9.8% returns over the past three months versus the SPDR S&P 500 Trust ETF’s (SPY) 5% gains. Furthermore, the ongoing digital transformation and increasing use of cloud computing, artificial intelligence (AI), 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 the end of 2021.
Given the industry’s solid growth prospects, we think it could be wise to bet now on fundamentally strong tech stocks LG Display Co ., Ltd. (LPL), NetScout Systems, Inc. (NTCT), AdvanSix Inc . (ASIX), and ScanSource, Inc. (SCSC). These stocks are rated Strong Buy or Buy in our POWR Ratings system. In addition, they possess a solid combination of growth and value attributes.
