Connect with us

Hi, what are you looking for?

Stock

3 Mid-Cap Growth Stocks in the Tech Sector to Buy Now

Stock Markets58 minutes ago (Jun 08, 2021 02:30PM ET)

(C) Reuters. 3 Mid-Cap Growth Stocks in the Tech Sector to Buy Now

Investors have been rotating away from expensive tech stocks with the economy’s recovery, but the industry’s solid growth prospects should at some point return many of these stocks to investors’ buy lists. In addition to rising demand for advanced technologies, we think the economic recovery positions mid-cap tech stocks Littelfuse (NASDAQ:LFUS), Kulicke and Soffa (KLIC), and Cornerstone OnDemand (CSOD) well for solid growth in the coming months. So, let’s evaluate these names.With the ongoing global economic recovery, investors have been rotating away from expensive tech stocks to stocks that are well-positioned to capitalize on the re-engagement of economic activities. This is evident in the Technology Select Sector SPDR Fund’s (XLK) 7.7% returns so far this year versus SPDR S&P 500 ETF Trust ETF’s (SPY) 12.9% gains.

However, the tech industry has immense growth potential given continuous technological advancements and increasing adoption of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), by almost all industries. The tech industry is expected to hit a $5 trillion market value by the end of this year. So, we think it could be wise to invest in mid-cap stocks from the tech space because they might hold attractive growth potential, like small-cap stocks, amid the economic recovery, while offering a level of stability similar to large-cap stocks.

We believe mid-cap companies Littelfuse, Inc. (LFUS), Kulicke and Soffa Industries, Inc. (KLIC), and Cornerstone OnDemand, Inc. (CSOD) have sufficiently solid financials to capitalize on the industry’s growth and the economic recovery. So, shares of these companies could be solid bets now.

Continue reading on StockNews

3 Mid-Cap Growth Stocks in the Tech Sector to Buy Now

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

World News

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered...

World News

George Soros and Bill Gates are part of a consortium acquiring a British developer of rapid-testing technology, including for Covid-19 and tropical diseases,...

Tech

If you parked your car in one of the thousands of parking spots across Calgary, there’s a good chance you paid the Calgary Parking...

Investing

ForexMay 27, 2021 02:04AM ET (C) Reuters. By Peter Nurse Investing.com — The dollar edged higher in early European trade Thursday, finding support from...

Disclaimer: Yourmorningvoice.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. Copyright © 2021 Your Morning Voice. All Rights Reserved