7 Tech Stocks to Buy for October Opportunities After September Sell-Off

We’re coming up on 10 months into a year that has utterly upended the world as we know it and roiled the stock market.

Pharmaceutical stocks are hot, fueled by the pursuit of a novel coronavirus vaccine. Electric car stocks have posted big gains. Meanwhile, airlines and cruise lines have seen their stocks tank.

Tech seemed like a safe sector for investment — until the start of September when a broad selloff hit many tech stocks. So which stocks to buy at this point?

I still think there are some promising tech stocks here, despite the losses many have been hit with in recent weeks. Here are 7 tech stocks to buy for October opportunities:

  • Apple (NASDAQ:AAPL)
  • AudioCodes Ltd (NASDAQ:AUDC)
  • Qualcomm (NASDAQ:QCOM)
  • Cognizant Technology Solutions Corp (NASDAQ:CTSH)
  • Garmin Ltd (NASDAQ:GRMN)
  • Pegasystems Inc (NASDAQ:PEGA)
  • SS&C Technologies Holdings, Inc (NASDAQ:
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Top analysts recommend stocks like Alibaba and AutoZone amid the September sell-off

The market is looking treacherous right now to end September, but top analysts still believe there are compelling stocks out there with robust upside ahead.

a person standing in front of a building: A man wearing a face mask walks past a Nike store in Central Business District, Beijing, China on February 17, 2020.

© Provided by CNBC
A man wearing a face mask walks past a Nike store in Central Business District, Beijing, China on February 17, 2020.

Even in challenging economic times, there are still winners and losers. Indeed, some companies are benefiting from the current circumstances, while others continue to trade under-the-investor-radar. However, it’s fair to say that it’s best to pick your stocks wisely in case further volatility lies ahead.


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One way to go about this is to follow the latest stock recommendations from analysts with a proven track record of success. TipRanks analyst forecasting service attempts to pinpoint Wall Street’s best-performing analysts. These are the analysts with the highest success rate and average return measured on a one-year basis — factoring in

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3 reasons the current stock market sell-off could be more than a normal correction, according to DataTrek

  • The sell-off in US stocks reached correction territory on Thursday, with the S&P 500 falling as much as 10% from its September 2 high.
  • The tech-heavy Nasdaq 100 index entered correction territory on September 8.
  • While the sell-off could just be another “normal correction,” investors should brace for the possibility of the opposite, DataTrek said in a note on Thursday.
  • DataTrek outlined three reasons the sell-off could be more than a normal correction and could accelerate.
  • Visit Business Insider’s homepage for more stories.

Risk management is a core competency of many successful investors, as outsize long-term gains can come from limiting drawdowns in the short term.

But risk management is also hard, as investors tend to focus on the main catalyst that could start a sell-off in the market and not the second- and third-order effects of an uncertain environment that catalyst would create, DataTrek cofounder Nicholas

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Technology And Energy Shares Lead Broad-Based Selloff

Key Takeaways:

  • Tech gets hammered again as regulatory news hurts sector
  • Rotation from tech into other sectors appears to be losing steam

The air keeps coming out of the tires.

A market that rode hard all summer on the FAANGs and semiconductors is making a loud hissing noise as those high-flyers lose traction.

All summer, investors heard warnings that if Tech’s party settled down, the broader market would take a hit. September reminds us of that as it appears on track to be the first losing month since March and the worst month of September in 18 years.

All the FAANGs played serious defense Wednesday in the second of three sessions this week where Tech spent most of the day dragging everything else down. The Tech weakness was joined by a rout in the Energy sector, where companies staggered amid worries about shutdowns in Europe and

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Tech Selloff Sparks Emerging Stocks’ Longest Rout in Months

(Bloomberg) — Emerging-market stocks can’t catch a break.

Already a laggard in the global risk rally, they have just registered their longest losing sequence of daily declines since February as the selloff in U.S. technology shares adds to headwinds that include the rising tensions between Washington and Beijing in the run-up to the U.S. presidential election.

The MSCI Emerging Markets Index fell for the sixth consecutive day on Wednesday, dipping below a key support level — its 50-day moving average — for the first time since May. Investors got spooked by AstraZeneca Plc’s decision to pause its coronavirus vaccine trial and the Trump administration’s move to bar some companies based in China’s Xinjiang region.

a screenshot of a cell phone: Emerging stocks fall for six straight days in longest rout since February

© Bloomberg
Emerging stocks fall for six straight days in longest rout since February

“There will be increased uncertainty surrounding U.S.-China tensions as Trump crawls back up in the polls as we approach the election,” said

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U.S. Stocks Mixed After Yesterday’s Sell-Off In Tech Shares

Tech Stocks In Focus

S&P 500 futures are mixed in premarket trading after yesterday’s sell-off in leading tech stocks.

Facebook, Amazon, Apple, Google left their recent trading ranges and gained downside momentum. These stocks are gaining some ground during the current premarket trading session so S&P 500 should have a chance to rebound today.

The big tech was leading the S&P 500 on its way up, and the market needs support from these mega-cap stocks to continue its upside trend.

The recent U.S. employment and housing reports indicated that the economy may be slowing down after the initial fast rebound as Initial Jobless Claims remained at high levels at 860,000 while Housing Starts declined by 5.1% in August.

While traders are worried that the economy may be losing steam, it remains to be seen whether the market is ready for another leg down as the prospect of low interest rates

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