3 Top Tech Stocks to Buy Right Now
The stock market has been crazier than usual in 2020. Between the COVID-19 pandemic, the contentious election, and high-level sparring with China, we've seen a historic spike in volatility. That's even more true in the tech sector. While the S&P 500 market index dipped as much as 26% lower in March before recovering to a 9% year-to-date gain in early November, the tech-heavy NASDAQ 100 index only fell 20% and has skyrocketed 38% higher in 2020 as a whole.
The rising tide is not lifting every boat, though. Some tech stocks are lagging behind the NASDAQ 100's exciting gains and others are up for the year but have stalled in recent months. When strong businesses suffer poor market performance, that can be a signal to buy that high-quality stock for a bargain-bin price.
I have collected a handful of fantastic companies with exactly that combination of lagging market performance and rock-solid business prospects. Let's have a closer look at telecom networking equipment veteran Ciena (NYSE: CIEN), content delivery expert Limelight Networks (NASDAQ: LLNW), and e-commerce specialist Shopify (NYSE: SHOP).
Source Fool.com
