Top 3 Tech Stocks to Watch and Buy in September

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The rapid urbanization and digitalization have resulted in an increased appetite for advanced technologies. Given this heightened demand, robust electronics stocks, EchoStar Corporation (SATS), Vishay Intertechnology, Inc. (VSH), and CTS Corporation (CTS) could leverage the sector’s expansion. Let’s understand this in detail.

Electronics have become the linchpin of modern existence in an era of rapid progress. Facilitating communication, revolutionizing healthcare, enabling seamless transportation, and enhancing entertainment, these technological strides are shaping industries and societies alike.

Gartner forecasts a global upsurge in IT spending to $4.7 trillion this year, marking a 4.3% increase from the previous year. Moreover, IT spending worldwide is anticipated to rise by 8.8% year-over-year, reaching $5.14 trillion in 2024.

The surge of advancements in electronic technology is stimulating an unceasing appetite for newer and faster electrical and electronic wares. Anticipated to foster ingenious electronic product evolution, digital marvels such as the Internet of Things (IoT) and 5G communication are aiding in developing innovative electronic products.

Furthermore, the increased adoption of cloud-based software is highly benefiting the sector, allowing for substantial investment in technology and management services. It facilitates the transformation of operations, fostering customer relationships and improving transparency, governance, and business agility.

Going forward, as per a report by Contrive Datum Insights, the electronics industry is expected to grow at a 7.5% CAGR and reach $4.99 trillion by 2030.

In light of these encouraging trends, let’s look at the fundamentals of the three best Technology – Electronics stocks, beginning with number 3.

Stock #3: EchoStar Corporation (SATS)


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