Five Great Tech Buys
Tech stocks have two very unappealing characteristics right now. They are at once both very expensive and increasingly vulnerable, as evidenced by their major selloff over the last week and a half. However, there are cheap tech shares out there, and Barron's wants to share them with you. The five cheapest tech stocks in the Nasdaq 100 are Micron Technology, Western Digital, Seagate Technology, Lam Research, and Applied Materials. Their P/E ratios range from a low of 5.2x to a high of 11.9x.
FINSUM : Just a note of caution-these stocks were not selected to be good value, they were presented solely on the basis of valuation, so the multiples may be very representative of the quality of their businesses.