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In addition, since hybrid working is becoming the ‘new normal’ and businesses are digitizing their processes, the demand for technology products and solutions should not decline anytime soon. Investors’ interest in tech stocks is evidenced by the Technology Select Sector SPDR Fund’s (XLK) 8.3% returns over the past month, versus the SPDR S&P 500 Trust ETF’s (SPY) 5.3% gains.
So, we think fundamentally sound tech stocks Activision Blizzard, Inc. (ATVI) and Teradata Corporation (NYSE:TDC) could be solid additions to one’s portfolio now. They are currently trading below their 52-week price highs, but Wall Street analysts expect them to rally by more than 30% in the coming months.
