Two Undervalued Technology Stocks to Purchase Immediately

In today’s tech landscape, finding cheap stocks can be a challenge, especially with the Nasdaq Composite index soaring by 46% in the past year. However, there are still relative values to be found for investors with a long-term outlook. Let’s explore two attractively priced “tech” stocks worth considering.

1. Apple (NASDAQ: AAPL)
Despite not being part of the $3 trillion market valuation club like its software rival Microsoft, Apple presents a potentially attractive buying opportunity for patient investors. While the company is currently in a bit of a slump with modest growth prospects, its low valuation and commitment to cash returns through buybacks and dividends make it an appealing option. With ample cash returns expected to help boost earnings per share in the future, Apple’s focus on new product releases and services could lead to a reacceleration of growth.

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2. Walmart (NYSE: WMT)
Although it may seem unconventional to classify Walmart as a tech stock, the retail giant has seen significant growth in its e-commerce and digital advertising businesses. With rising profit margins and strong performance in traditional retailing, Walmart offers investors a compelling opportunity at a valuation below 1x price-to-sales ratio. The company’s e-commerce expansion, coupled with its dominant brick-and-mortar presence, makes it a strong contender in the tech and retail sectors.

While these stocks may not be the top picks for some analysts, there is still potential for solid returns in the coming years. Investors interested in exploring more opportunities can benefit from services like the Motley Fool Stock Advisor, which provides guidance on building a successful portfolio and regular updates on stock recommendations.

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In conclusion, despite the current market trends, there are still affordable “tech” stocks worth investing in for the long term. By carefully considering factors like valuation, growth prospects, and cash returns, investors can identify opportunities that offer value and potential for growth.

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