3 Best Tech Stocks to Buy in August
Technology stocks have rallied impressively over the past month, evident from the 16% jump in the Nasdaq-100 Technology Sector index. Solid earnings reports from some of the sector's top names are probably giving investors confidence once again in tech stocks, which have otherwise taken a big beating so far in 2022.
Today, we will take a closer look at three top tech stocks that are available at attractive valuations right now but have the potential to surge higher.
Microsoft (NASDAQ: MSFT) released its fiscal 2022 fourth-quarter results (for the period ended June 30) on July 26. In constant currency terms, the company's revenue increased 16% year over year to $51.9 billion while adjusted earnings were up 8% to $2.23 per share. The numbers were below Wall Street's expectations of $2.29 per share and $52.4 billion in revenue on account of a poor environment for personal computer (PC) sales.
Source Fool.com
