Worried About Inflation? Buy These 3 Tech Stocks
Inflation, which hit a 31-year high in the U.S. last month, is causing major growing pains for tech stocks. In addition to causing component and labor costs to rise, rising inflation also reduces the value of a company's long-term growth in revenue, free cash flow, and earnings.
Some investors might be tempted to sell all of their tech stocks as those headwinds intensify. But as I mentioned in a recent article, investors should merely be more selective with their tech investments instead of tossing out all their babies with the bathwater. Let's take a look at three dependable tech stocks that should remain resilient in an inflationary environment.
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Source Fool.com