2 Out of Favor Tech Stocks With Massive Upside By StockNews

No-Recession Predictions Begin to Look More Plausible, but Risks Remain Too High

2 Out of Favor Tech Stocks With Massive Upside

Published Jul 29, 2021 04:06PM ET Updated Jul 29, 2021 05:31PM ET

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2 Out of Favor Tech Stocks With Massive Upside

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Zoom Video (ZM) and Activision Blizzard (NASDAQ:ATVI) have little in common, hailing from two completely different industries, but both do have one thing in common, they are out of favor currently relative to most of their peers and offer major upside for investors at current prices.Two Tech Stocks To Buy On Dips

It’s been an exciting couple of months for the Nasdaq Composite as the index has continued its relentless rally off its May lows, up 16% in barely 50 trading days. While the relentless bid under the market has been great for those fully invested in some of the best growth names, this rally has pushed valuations back to unreasonable levels over the short run, with quite a few stocks trading at more than 45x sales. This has made it quite difficult to find stocks available for new purchases, with investors taking on heightened risk by starting new positions at current levels. Fortunately, while most of the market remains expensive, there are a few names still trading at reasonable valuations that have either been out of favor short-term or out of favor for most of 2021. In this update, we’ll look at two of these names below:

(Source: TC2000.com)

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