Why These 3 Tech Stocks Should Be on Your Radar in 2023 – InvestorPlace
- The bear market of 2022 has us looking for tech stocks to watch in 2023.
- Microsoft (MSFT) has a powerful balance sheet, strong margins and resilient businesses.
- Alphabet (GOOGL, GOOG) owns the two most popular websites in the world and will be a bargain once ad spend comes back to life.
- Advanced Micro Devices (AMD) will trade at sub-16 times analysts’ average 2022 earnings outlook if it retests its 52-week low.
It’s been a tough year for stock investors, particularly for those in the tech space. The bear market has ravaged tech names, destroying the stocks of both good and bad companies. On the plus side, that’s got investors on the hunt for tech stocks to watch in 2023.
The reason for that is simple.
Despite the pain of 2022, this year’s downturn of stocks will ultimately create long-term gains for patient investors. The S&P 500 has delivered annual gains in 80% of the years over the last eight decades. Because of that track record, it’s a good idea to own equities.
While…
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