From Nasdaq: 2024-05-21 05:40:00

The Nasdaq Composite has rebounded to all-time highs, up 11% this year after a rocky April. Tech investors can still find value in the sector, with Amazon, Garmin, and Okta being standout picks for long-term potential.

Amazon’s services division saw a 17% sales jump in Q1, with Amazon Web Services now bringing in $100 billion annually. Garmin’s sales rose 20% to $1.4 billion in Q1, driven by diverse product segments. Okta’s sales rose 19% last quarter, with an improving profit margin.

Investors should consider adding these three tech stocks to their portfolios for stable growth potential. John Mackey, former CEO of Whole Foods, sits on The Motley Fool board, and the company has positions in Amazon, Apple, Garmin, and Okta.



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