tech stocks may seem attractive to investors today.
Credit Suisse (NYSE: CS) claims that big tech stocks are no longer expensive. Following the stock market selloff, tech stocks are now trading at more attractive price tags. Even major tech stocks such as Netflix (NASDAQ: NFLX) and Amazon (NASDAQ: AMZN) are trading at a substantial discount from where they were a few months ago. With all this in mind, some would argue that these valuations could appeal to investors now.
Tech Stocks To Buy [Or Sell] Today
1:Accenture Plc. (NYSE: ACN)
2:FactSet Research Systems Inc. (NYSE: FDS)
3:Methode Electronics Inc. (NYSE: MEI)
Accenture Plc :-
Accenture’s Chair & CEO, said, “Our very strong financial results for the third quarter reflect continued broad-based demand across markets, services, and industries, and the continued recognition of the outstanding talent of our 710,000 people. We continue to gain significant market share, and our services have never been more relevant as our clients turn to us as the trusted partner for the solutions they need to accelerate growth and become more resilient and efficient.” In addition, it carried out share repurchases of $972 million and paid $614 million in dividends during the quarter. On top of that, the company also declared another quarterly cash dividend of $0.97 per share. All things considered, is ACN stock worth investing in right now?
FactSet Research Systems Inc :-
On June 13, 2022, the company announced that it has been named the 2022 Financial Services Industry Partner of the Year award winner by Snowflake. Notably, it was recognized for its achievements as part of the Snowflake Data Cloud. In it, it offers joint clients elasticity for the storage and computation of financial data, while also offering the flexibility to ramp up or dial back as customer needs change. All in all, should investors consider paying attention to FDS stock?
Methode Electronics Inc :-
Recently, Methode announced that its board of directors has authorized an expansion of the company’s existing share buyback program. The board of directors authorized the acquisition of an additional $100 million of the company’s outstanding common stock. With the additional fund, this will increase the total program authorization to $200 million. Not to mention, Methode’s board has also announced a quarterly dividend of $0.14 per share. As such, will you be adding MEI stock to your watchlist today?