Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Buy These 3 Oversold Tech Stocks Now

Stock MarketsJul 22, 2021 03:31PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Buy These 3 Oversold Tech Stocks Now

Micron Technology (NASDAQ:MU), McAfee (MCFE), and Trimble (TRMB) are 3 tech stocks with strong fundamentals. Recent market volatility could be a great opportunity to add exposure.We've had our first major bout of market volatility in a couple of months. Given that the bull market remains intact, it's presenting an opportunity to add exposure to some high-quality stocks. While the fortunes of some sectors have deteriorated, technology is an exception. Low rates are helpful as are the litany of strong earnings reports. Below, we provide a look at three of the most oversold tech stocks you should consider adding to your portfolio: Micron Technology (MU), McAfee (MCFE), and Trimble (TRMB).

MU is one of the top global providers of memory solutions for semiconductors. MU makes memory and storage tech such as DRAM, short for dynamic random access memory. The bulk of MU’s sales stem from its DRAM offerings yet the company also generates revenue through NAND flash memory, 3D XPoint memory, NOR Flash, and other tech.

MU has a low beta of 1.26 so investors concerned about potentially volatile swings should have no concerns. The stock also has a low forward P/E ratio of 12.67 so there is certainly the potential for significant upward movement in due time. MU is currently trading at $76.58, right around the midpoint between its 52-week low of $42.25 and its 52-week high of $96.96.

Continue reading on StockNews

Buy These 3 Oversold Tech Stocks Now
 

Related Articles

S&P 500 edges down on virus woes, slowing economy
S&P 500 edges down on virus woes, slowing economy By Reuters - Aug 02, 2021 5

By Echo Wang NEW YORK (Reuters) - The S&P 500 Index closed slightly lower on Monday after erasing early gains as worries about the Delta variant of the coronavirus and a slowing...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
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.
Continue with Google
or
Sign up with Email