What a difference a few months makes. With the economy re-opening, and vaccines being distributed, investors have done a complete 180 degree turn on growth stocks. Cyclicals and corporations directly tied to the economy and its rebound have begun to take leadership positions in recent weeks. Value is winning over growth.
For technology stocks, this has resulted in some very high volatility and big dips lower.
But given how relevant technology has become in our daily lives, this could be a chance for long-term investors to load up on technology stocks, especially the ones that pay dividends. The reality is that tech is just as tied to our economy as industrial stocks, and even has an ever-increasing role in society. With that in mind, many of the largest dividend-paying stocks are not cheap, but they can offer a hedge against the current malaise and plenty of growth potential as well.
For investors, the time to pounce on tech stocks could be now.
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