If you keep up with my emails, then you already know I’ve been in love with tech stocks lately.
I even sent you a short video on Monday explaining the three tech stocks on my radar right now. The feedback has been so positive I thought I’d take it one step further and talk about three low-priced tech stocks I’m watching.
The S&P 500 and Nasdaq 100 appear overbought and somewhat tired… the FAANG stocks have been lagging behind… and I think the valuation on larger tech stocks is overbought, too.
But that’s just the fundamentals…
Momentum is technically at its highest level in a decade, and I’m anticipating some minor corrective pressure to develop.
That makes me want to focus on smaller stocks because they tend to be less dependent on the overall market, and they aren’t driven by large multi-billion-dollar hedge funds like most of the giants on Wall Street.
And with the technology sector outperforming earnings by a huge margin this quarter, I’m focusing on these three low-priced tech stocks even more…
The first low-priced tech stock I’d target in 2021 is Wipro.
Wipro Ltd. (NYSE: WIT) is a leading multinational company based in India that provides information technology, consulting and business process services.
The company’s one-year return is stunning at 73-plus percent. And its market cap is just above $37 billion, making it a strong play in its space.
In fact, there are only a handful of Indian tech stocks in the U.S.
Wipro is a solid company with a broad base in a growing market. The stock is up 19% year to date and trading near its 52-week moving average.
My price target is around $8.50 over the next two weeks, but that’s assuming momentum levels continue at the current rate.
Check out my short video to reveal the next two low-priced tech stocks I’m watching in 2021. And don’t forget to subscribe to my YouTube channel so you can be notified as soon as I post my next video!
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