Tech stocks have been under pressure since last year due to the Fed’s aggressive rate hikes. However, the Federal Reserve has indicated that a pause in interest rates could be on the cards if inflation continued to ease. If the Federal Reserve stops raising rates, it could benefit technology stocks.
To that end, it could be wise to buy fundamentally strong tech stocks such as Nomura Research Institute (NRILY), Cellebrite DI Ltd. (CLBT), and The Hackett Group (HCKT). These stocks are Buy-rated in our proprietary rating system, POWR Ratings.
