Major stock indexes retreated in late January due to concerns about the Wuhan coronavirus outbreak, but many tech stocks are still hovering near their all-time highs. Investors might be waiting for a steeper pullback, but a trio of high-quality tech stocks -- Baidu (NASDAQ: BIDU), Microsoft (NASDAQ: MSFT), and Sony (NYSE: SNE) -- could be worth buying in February, even without a potential pullback brought on by a market retreat.
Baidu, which owns China's largest search engine and third-largest digital advertising business, lost nearly 30% of its market value over the past 12 months as its core advertising business hit a brick wall. Tough competition from Gen Z-oriented rivals such as ByteDance and the sluggish Chinese economy caused its ad revenue to slide year over year over the past two quarters.
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