3 Tech Picks for the Patient
With volatility creeping back into the market and most technology and telecom names trading at or above fair value, we fall back on our moat methodology
We have considered the technology sector to be either fairly valued or slightly overvalued for the better part of the past 18 months, whereas the communication-services sector has, until only recently, been considered undervalued. However, within each subsector, there are pockets of value for patient investors. In particular, we believe that the international telecom and domestic cell tower industries offer more appealing valuations. In the table below, we highlight a few of our top picks, including two from the telecom sector.
Peter Wahlstrom does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.