In this piece, I evaluated two tech stocks, Cisco Systems, Inc. (CSCO) and BlackBerry Limited (BB), to determine which has better return potential. Based on a fundamental comparison of these stocks, I find CSCO a better pick for reasons explained throughout this article.
Tech stocks have remained under pressure since last year due to the Fed’s aggressive interest rate hikes. The Fed funds rate is at a 16-year-high, and the recently released robust macroeconomic data has increased the odds of another rate hike this month. Despite the uncertainty looming over rate hikes, many tech stocks now look attractive for long-term investments, thanks to continued breakthroughs and digitization.
