With the sector rotation that happened for the past 2 weeks, many tech stocks have dipped significantly. While the pullback has cause tech stocks valuation to drop, the technology sector’s forward earning is still high at 26.6x, as compared to its historical average of 21x.
I am still optimistic about tech stocks and believe in their future potential. However, I believe that going forward, we should only focus on those that are fundamentally undervalued or fairly priced. As long as its fundamentals are solid, you could consider adding them to your portfolio.
Today, we will look at 3 tech stocks with great business fundamental and are potentially undervalued....