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Heightened concern that the U.S. and China will initiate a full-blown, tit-for-tat trade war has dominated the attention of investors around the world in recent weeks. This has inspired fresh volatility, which has, in turn, taken the wind out of the sails of the previously red-hot technology sector.
Plenty of investors are simply choosing to sit on the sidelines while these trade tensions play out, but for those that want to stay active, Ryan mapped out three potential ideas that could prove effective in the coming weeks.
Tech investors should remain confident in the sector’s strong earnings and revenue growth, which should once again become evident during the upcoming earnings season.
Meanwhile, he highlights companies like Micron (MU – Free Report) —which might be inappropriately discounted due to trade fears—and Paycom Software (PAYC – Free Report) —a Zacks Rank #1 (Strong Buy) with limited exposure to international trade.