3 No-Brainer Tech Stocks to Buy With $5,000 Right Now
Cipher Digital, Marvell Technology, and Fortinet are riding multiyear tailwinds.
Overview
Not every investor wants to buy an index fund and settle for average returns. Some people want to try to beat the market, and the tech sector has offered some of the most compelling returns. For instance, the State Street Technology Select Sector SPDR ETF (NYSEMKT: XLK) has an annualized 24.3% return over the past decade, soundly outperforming the S&P 500 during that stretch.
While tech exchange-traded funds (ETFs) can outshine the S&P 500, investors can give themselves a chance to enhance their returns by investing in solid tech stocks with promising long-term catalysts. If you have $5,000 ready to put to work in the market now, these three look like some of the best options.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
- Should CoreWeave and Nebius Group Investors Be Worried About Circular Financing? Here's What the Numbers Say
- Dutch central bank moves gold bars out of U.S. and Canada, citing ‘crisis preparedness’
- Tim Cook, Elon Musk, Andy Jassy, and Jensen Huang All Just Warned Investors About the Same Thing. Spoiler Alert: It's Fantastic News for Micron and Sandisk.