(C) Reuters. 4 Top Tech Stocks to Buy When the Market Dips
The benchmark indexes edged higher following the Fed’s policy meeting this week, indicating investor optimism about the U.S. economy’s steady rebound. The tech industry is expected to keep thriving on the back of ongoing digital transformation and the near-zero benchmark interest rate environment. So, we think it could be wise to bet on prominent tech stocks Apple Inc. (NASDAQ:AAPL), Applied Materials (AMAT), Micron Technology (MU), and Vontier Corporation (VNT) on every market dip. Read on.After a 4-day losing streak, the major stock indexes ended yesterday’s trading session higher on Fed signals regarding its bond tapering and interest rates. Although Fed officials made no conclusive statements, short-term benchmark interest rates remain anchored near zero, which should bode well for the tech sector.
Furthermore, as companies across various industries invest substantially in tech upgrades to keep up with growing digitization, the tech sector should keep thriving. According to Forrester, U.S. tech spending will expand 7.4% in 2021 and 6.7% in 2022.
So, we believe any further market dips would be an attractive opportunity to place bets on fundamentally sound tech stocks Apple Inc. (AAPL), Applied Materials Inc. (NASDAQ:AMAT), Micron Technology Inc. (NASDAQ:MU), and Vontier Corporation (VNT).
4 Top Tech Stocks to Buy When the Market Dips
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