Other concerns are the Delta variant’s effect on the economic recovery. In a survey released today, we learned that “Business economists are marking down their forecasts for US growth this year.” We also have to contend with worries over a failure to raise the debt ceiling. While there is still bearish sentiment, this provides an opportunity to buy stocks on a pullback.
While cases are still high, it looks like the Delta variant may be peaking. So, while economic predictions are down for 2021, business growth should accelerate next year. That’s why investors should consider investing in technology stocks that saw losses recently. I screened for stocks rated a Buy or higher in our POWR Ratings system that saw recent losses. Qorvo, Inc. (QRVO), PTC Inc. (PTC), and Avnet, Inc. (AVT) are three intriguing choices from my screen.