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2022 was a tough year for nearly all sectors. Tech stocks, however, were among the hardest hit as an interest-rate-driven bear market reared its ugly head.
Of course, tech stocks won’t stay beaten down forever. On the contrary, they are likely to lead the way higher during the next bull market as they have done in the past. But with the market trying to regain its footing, it will pay for investors to be a bit picky in this space this year.
Based on a combination of fundamentals and technicals, here are three tech stocks that look ready for a major breakout.
NET
Cloudflare
$49.52
ADBE
Adobe
$365.82
NOW
ServiceNow
$463.07
Cloudflare (NET)
Source: IgorGolovniov / Shutterstock.com
At the top of my list of tech stocks to buy is cloud services provider Cloudflare (NYSE:NET), which is known for having the fastest…
