The Dow is at a new all-time high, as is the S&P 500. The Nasdaq Composite and the large-cap tech stocks found in the Nasdaq 100 … well, that’s a different story. Both of these indices are well off their all-time highs of some 14 years ago. More recently, the past couple of months have been particularly hard on techs, with the QQQ down 2.8% since its March high.
The selling in the sector, including some of the biggest bellwether tech stocks of the past several years, has caused many shareholders to wonder if once-mighty champions have now suffered a crushing blow from the right hand of rotation into sectors such as energy, industrials and even Treasury bonds.
Understandably, some of the biggest and most widely held tech stocks have been reeling, but is this a reason to run the other way, or should investors be jumping into some of the biggest and best beaten-down companies before they make a victorious comeback?
Here are three tech stocks that will come off the canvas and fight their way back to victory.