Tech companies like RingCentral, Twilio, and Arm Holdings are expected to perform well.

From Nasdaq: 2024-07-12 18:31:00

The Consumer Price Index (CPI) has shown positive signs with a 3% climb year-over-year, a decrease from May. Core CPI, excluding food and energy costs, rose 3.3% annually but only 0.1% monthly. This could push for a rate cut, benefiting the tech sector.

RingCentral and Twilio, both added to the Zacks Rank #1 list, have seen stock spikes despite initial struggles. With easing inflation, these tech companies are projected to post double-digit growth, making them hot buys for investors.

Arm Holdings is set to join the IPO market in 2023, offering processor designs and software tools. With notable clients like Amazon and Alphabet, Arm Holdings is now chasing an impressive growth trajectory, attracting investors looking for high returns in the tech industry.

With the tech sector potentially benefitting from a cooler inflation climate, the anticipated growth of RingCentral, Twilio, and Arm Holdings could lead to significant stock performance. All three companies have received top grades for growth potential, signaling a positive outlook for investors moving forward.



Read more at Nasdaq: 3 Tech Stocks That Could Soar from Cooler Inflation