Worried About the Tech Sell-Off? Consider These Safe Stocks
During 2020, technology stocks generally soared. Investors rightly recognized the need for digital solutions in a world that was suddenly physically distancing. And indeed, many of these businesses performed well last year. However, 2021 has been a different story so far. Now that people are getting vaccinated, investors see the inevitable end of the pandemic. And because of this, many are selling last year's tech winners and buying so-called "reopening plays" instead.
Across the tech sector, you'll find many stocks down more than 30%, 40%, and even 50% just this year. For these, there's no telling how long it will take them to recover. And, for that matter, there's no way to know if they have further still to fall. Therefore, there's a perceived risk right now with these stocks and many investors are looking for safer options.
Source Fool.com
