Tech stocks collapsed: what securities to buy on a drawdown

Shares of technology companies are getting cheaper, but there are still enough promising investment options among them. Found papers from which strong growth is expected, despite all the difficulties for the technology sector

The US stock market has turned from growth to fall in recent days, in the forefront of which are stocks of technology companies and the NASDAQ Composite index. it is up about 44% in 2020, outperforming both the S&P 500 (up 7.3%) and the DOW JONES (up 16.3%). And on April 26, the NASDAQ Composite hit an all-time high of 14,138.78 but has since lost 5.2% to 13,124.99.

However, fears of rising inflation, Joe Biden's planned tax reforms, coupled with the continued rotation from growth stocks to value stocks, have slowed down the growth of techs. The NASDAQ 100 index has gained only 1.7% since the beginning of the year, which is several times less than the S&P 500 and Dow Jones.

The fall in tech stocks is an opportunity for an investor, even though analysts' expectations for many technology companies have cooled. When it comes to investing in this area, the stocks of FANGMAN, the seven largest US technology companies, come to mind first. And what less obvious options can be found on the market? Here are three tech stocks that Wall Street expects to see strong gains and why.