5 Cheap Tech Stocks to Buy Right Now
From Nasdaq:
In 2023, the Nasdaq Composite increased by 43%, with many tech stocks experiencing triple-digit increases. However, some investors are still looking for affordable stocks in this market.
Despite the strong performance of the tech industry, many value stocks have remained inexpensive. Five specific tech stocks to consider for bargain hunters are Alphabet, Intel, IBM, PagSeguro, and Verizon.
Alphabet’s performance was questioned due to new technology, but the company has introduced a competing generative AI tool and has the resources to remain competitive in the AI market.
Intel has made progress in closing the competitive gap with AMD and is attracting top tech businesses as clients through its Intel Foundry Services, while also seeing positive free cash flow in the third quarter.
Having redefined itself as a cloud and supercomputing company, IBM is showing growth trajectory, a growing payout, and a great return on investment.
PagSeguro Digital, a Brazil-based fintech company, offers a unique financial product with growing free cash flow and a low P/E ratio, offering investors a bargain price and the potential for significant returns.
Verizon is struggling with competition and costs, but its network is becoming a more vital part of the U.S. communications infrastructure, offering a 6.8% dividend yield with increased free cash flow.
These tech stocks present opportunities for investors, but it is important to do thorough research and consider expert advice before making investment decisions. The Motley Fool Stock Advisor analyst team has identified what they believe are the 10 best stocks for investors to buy now, and it could be worth considering their recommendations.
Read more: 5 Cheap Tech Stocks to Buy Right Now