However, the stock market has been quite volatile of late, with the major indexes falling from their record highs. In addition, the consumer price index increased 5.4% in June. Furthermore, the International Monetary Fund (IMF) has warned that inflation could be persistent. As a result, several investors predict a broad market sell-off in the near term.
But whether or not there is a market sell-off, we think it could be wise to bet on fundamentally strong tech stocks STMicroelectronics N.V. (STM), HP Inc. (NYSE:HPQ), Canon Inc. (CAJ), and Trimble Inc. (TRMB). They are rated Strong Buy or Buy in our POWR Ratings system. In addition, these four stocks possess a combination of solid growth and value attributes.