2 Cheap Tech Stocks to Buy Right Now
The technology sector's rally has continued in 2020, bucking pressures created by the coronavirus pandemic and gaining favor as a defensive refuge despite many companies in the space having growth-dependent valuations. The sector's strong performance has helped lift the S&P 500 index level to flat on the year following March's virus-driven crash, and technology's staggering resilience is even starker when compared to performance for value-based indexes and funds that have typically been sturdier in volatile markets. Tech's stellar run may cause some investors to wonder if valuations have become stretched, but the sector's market-shaping gains reflect the long-term direction of a changing global economy -- and many technology players remain cheaply valued.
