3 Top-Ranked Tech Stocks To Buy Now Despite Volatility

Knowles Corporation’s positive EPS revisions help it grab a Zacks Ranks #1 (Strong Buy) next to its “B” grade for Growth in our Style Scores system. The firm’s Communication – Components space also sits in the top 25% of our over 250 Zacks industries. And five of the eight broker recommendations Zacks has are “Strong Buys.”

KN is up 50% in the past six months to double its highly-ranked industry and the tech sector. The stock is also up around 20% this year and it’s trading not too far off its February highs at around $21 a share, which might make it an enticing low-priced pick.

Along with its cheap price tag, it’s trading at a 50% discount to its industry at 2.2X forward sales, while marking value on the earnings front as well. Overall, the stock is up about 60% in the last five years, which includes some large swings. Despite trading near its highs, the stock is not overbought (anything above 70), with an RSI of 55. Therefore, the audio and hearing-focused tech firm could have more room to run.

 Align Technology, Inc. (ALGN

Align Technology’s Invisalign system has shaken up the traditional orthodontics industry. The company that was founded in 1997 and went public in 2001 has proven its ability to grow in a market that isn’t going out of style. ALGN’s clear aligner system is a true alternative to traditional metal braces and its success has spawned the likes of Candid and SmileDirectClub (SDC).

Investors should note that SDC has underwhelmed Wall Street thus far and the newer firms are more committed to an e-commerce-focused approach, whereas Align works hand-in-hand with dentists and orthodontists who digitally scan a patient’s teeth in person and worth them through the entire process from start to finish. ALGN, which has treated nearly 10 million patients, also has its Align’s iTero intraoral scanner and exocad CAD/CAM software that helps identify the issues and create the best plans to fit the patient’s needs.

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