3 Top Tech Stocks to Buy for 2021 Amid a Global Hardware Shortage
Fourth-quarter 2020 earnings are rolling in, and though the pandemic rages on, some companies are reporting stellar finishes to an otherwise forgettable year. Tech stocks -- the leaders of the digital economy that's emerging from the COVID-19 pandemic -- are the standouts here, and tech hardware, in particular, could be set for a banner year in 2021 as surging demand around the globe leads to supply shortfalls.
Three top names that had especially good fourth-quarter 2020 report cards -- and look like great buys for 2021 -- are Arista Networks (NYSE: ANET), Applied Materials (NASDAQ: AMAT), and Universal Display (NASDAQ: OLED).
As management anticipated a few months ago, Arista Networks returned to year-over-year growth mode in grand fashion at the end of 2020. Fourth-quarter revenue and adjusted earnings per share increased 17% and 9%, respectively, from a year ago as the company started to lap results from the data center construction slowdown that started in 2019.
Source Fool.com
