2 Tech Stocks to

2 Tech Stocks To "Buy The Dip" For 2021

By Taylor Dart of StockNews.com

Friday, December 4, 2020 5:01 AM EST

(Source: TC2000.com)

While it’s tough to find much value out there in the market currently, DOCU and FB are two names that should be at the top of one’s shopping list if we do see a correction. This is because both names are leaders in their respective industry groups and have a significant lead on their competitors, making it likely that they’ll remain the leaders for years to come. Currently, I don’t see a low-risk buying opportunity for either stock.

Still, any dips below $265 on FB and $205 on DOCU would translate to attractive valuations and solid entries for either name. Therefore, for investors looking for names to put on their shopping list if we do see a correction in the coming weeks, I believe these two names are worthy of keeping a close eye on.

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FB shares were trading at $283.01 per share on Thursday afternoon, down $4.51 (-1.57%). Year-to-date, FB has gained 37.89%, versus a 15.71% rise in the benchmark S&P 500 index during the same period.