NPSNY - These 3 Stocks Are Screaming Buys Amid the Tech Selloff
After an epic rise in 2020, tech stocks have hit a rough patch to kick off 2021. Some companies are running into slowdowns in their growth trajectories, as they start to lap the bump in business they got a year ago when the pandemic started.
That doesn't mean all of these businesses are spent, though. Far from it: Many have incredibly bright outlooks and are screaming buys after getting caught up in the recent sell-off. Right now, three Fool.com contributors think Wix.com (NASDAQ: WIX) , Roku (NASDAQ: ROKU) , and Naspers (OTC: NPSNY) are worth a look.
Nicholas Rossolillo (Wix.com): Wix turned in a fantastic start to 2021, but many investors chose to focus on the company's decision to stop disclosing specific user and premium subscriber counts (the service reached 200 million registered users worldwide in February, and nearly 5.5 million premium subscribers at the end of 2020). Sometimes a company will stop divulging metrics that no longer paint a favorable picture, but I don't think that's what's going on here. Wix already boasts a massive following, but user-count growth, and more importantly, user activity on Wix services, are already implied by the company's revenue trajectory.
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These 3 Stocks Are Screaming Buys Amid the Tech Selloff