These quality techs will rebound faster

Article Excerpt

Technology stocks have come down from their 2021 highs, as it looks increasing likely that the U.S. Federal Reserve will soon raise interest rates in response to rising inflation. That could slow the global economic recovery as the COVID-19 pandemic eases. Even so, we feel top-quality technology stocks like these three will quickly rebound. They also stand to gain as the pandemic accelerates demand for their products and services. MICROSOFT CORP. $297 is a buy. The company (Nasdaq symbol MSFT; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 7.5 billion; Market cap: $2.2 trillion; Price-to-sales ratio: 12.4; Dividend yield: 0.8%; TSINetwork Rating: Above Average; www.microsoft.com) is the world’s largest computer software firm. Its main product is the Windows operating system, which powers about 85% of the world’s personal computers. Its other main product—its Office suite, with its word processor (Word), spreadsheets (Excel) and slide presentations (PowerPoint)—controls over half of its market. Microsoft has now agreed to buy Activision Blizzard Inc. (Nasdaq symbol ATVI). That firm…