The tech-heavy Nasdaq Composite has been reaching new highs in the past few days. An August jobs report that shows the economy still has a long way to go in its recovery is expected to result in the Federal Reserve delaying its bond tapering plans. This, in turn, will imply the continued availability of cheap capital for high-growth technology companies. Although the improved investor sentiment seems to be buoying many technology stocks, there remain several that are fundamentally strong but are trading at discount to their intrinsic value.
Dynatrace (NYSE: DT) and Skyworks Solutions (NASDAQ: SWKS) belong to the latter category, although that may not be the case for long. Both of these stocks are driven by robust secular tailwinds and have significant competitive advantages. With that in mind, retail investors keen on multiplying their wealth should consider adding these stocks to their portfolios in September.
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2 Hot Technology Stocks to Buy in September