GRMN - 2 Under-the-Radar Tech Stocks To Buy in 2023
2023-11-09 06:50:00 ET
There are thousands of tech stocks for investors to choose from, but most tend to focus on just a handful of names. That's understandable to some degree since companies like Apple , Microsoft and Meta Platforms generate huge profits from their global customer bases.
The good news is that stepping just outside of that small bubble of popular tech stocks can yield excellent diversification and some attractive values. Let's look at a few of these unsung heroes that are worth placing on your investing watchlist.
If you like Apple for its tech innovation, then consider owning its less-celebrated rival Garmin (NYSE: GRMN) . The GPS device giant recently posted impressive earnings results, with Q3 sales rising 12% to $1.3 billion. Assisting in that boost was growth in four of Garmin's five main product categories that span smartwatches and fitness trackers along with more complicated marine and aviation platforms. "We delivered outstanding performance in the third quarter," Chief Executive Officer Cliff Pemble told investors in early November .
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2 Under-the-Radar Tech Stocks To Buy in 2023