From Nasdaq: 2024-04-13 03:15:00

Tech stocks, especially in the Nasdaq Composite Index, have surged in the past year, creating a challenge for growth investors. To navigate this environment, consider investing with a long-term view to ride out market volatility and find good deals. Two pricey but promising tech stocks to watch are Garmin and Meta Platforms.

Garmin, known for its tech devices, saw a 13% revenue increase last quarter, outpacing Apple’s 2% growth. Despite lower profit margins than Apple, Garmin boasts strong earnings and cash flow. With shares priced at a discount, investors can own Garmin for 5.5 times sales, compared to Apple’s 6.9 times revenue premium.

Meta Platforms has shown solid engagement with 3.2 billion daily users and a $10 average revenue per user. The company has strong momentum and increased operating income by 62% to $46 billion last year. While future growth may be impacted by heavy investment, CEO Mark Zuckerberg aims to highlight the long-term value of these expenses to investors.



Read more at Nasdaq: Got $3,000? 2 Tech Stocks to Buy and Hold for the Long Term