2 Top Tech Stocks to Buy for This Important Reason
Microsoft (NASDAQ: MSFT) and Texas Instruments (NASDAQ: TXN) are two tech firms that have been around for decades and successfully navigated several downturns. The important reason these companies keep going is their combination of industry leadership and financial strength.
With the stocks of Microsoft and TI down 34% and 16%, respectively, year to date, the market dip presents an excellent opportunity to invest in these leaders at attractive valuations. Let's look at where Microsoft and TI are investing to drive long-term growth.
Dominant Microsoft has seen its share price fall 34% year to date. The software giant reported stable growth in its latest earnings report. Revenue was up 16% on a constant-currency basis in each of the last two quarters. Still, Microsoft's results were mixed with softness in consumer-related businesses such as Office, Windows, and Xbox gaming.
Source Fool.com
