4 Cheap Tech Stocks

Tech giants such as Facebook, Amazon, and Apple are trading at double-digit discounts to their fair value estimates

Vikram Barhat 9 June, 2021 | 9:25AM
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The recent drop in technology stocks has created some rare buying opportunities for investors looking to add or expand exposure to the technology sector. However, given the level of economic uncertainty and jitters over higher inflation and rising interest rates, investors can't be too careful should be careful in their stock selection. Luckily, the relative underperformance so far this year of the tech sector compared to the benchmark may make things easier.

The Morningstar US Technology index is currently underperforming the S&P 500 for the year to date, as of May 27, 2021. However, the tech sector has handily topped the broader index over the one-, three- and five-year periods.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alphabet Inc Class C2,539.99 USD0.43Rating
Facebook Inc A339.03 USD2.03Rating
Microsoft Corp265.51 USD1.10Rating
Tencent Holdings Ltd ADR74.16 USD-2.41Rating

About Author

Vikram Barhat  is a Toronto-based financial writer specialising in investing, stock markets, personal finance and other areas of the financial services industry. 

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