5 Tech Stocks That Bargain Hunters Will Love

The U.S. economy is officially on the mend and entering the expansionary stage of the business cycle. The Federal Reserve now expects U.S. GDP to grow at an annualized rate of 6.5% in 2021, up from the 4.2% it had forecast in December 2020. Fiscal and monetary policy boosts, reopening of businesses, and vaccination progress mean America is getting back to normal.

That recovery hasn’t meant good things for tech stocks, which have cooled off in 2021 after soaring last year. But that very well could change, and soon.

Fidelity researchers note that information technology is a historically strong performer in the early to middle stages of a business cycle as consumers and businesses step up spending once again. Typically, tech stocks encompass areas such as software and services, tech hardware and equipment, and semiconductors (chips) and semiconductor equipment.

Right now, however, technology is struggling thanks to a few factors,

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