Stock picks to buy: 13 small-cap tech companies set to soar, BofA says - Business Insider

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BANK OF AMERICA: Buy these 13 under-the-radar tech stocks poised to outperform amid flaring China tensions and lasting pandemic damage

But any investor who looks at Amazon's 30% gain this year, or Microsoft's 15% increase, likely wonders if that kind of leadership is sustainable. Bank of America is happy to inform them that there are other options — even within the tech sphere.

A team at the firm led by Jill Carey Hall — the firm's head of US small- and mid-cap strategy — just released a guide to tech investing. It identifies two major themes for stock picking in the sector. One, of course, is the coronavirus pandemic and its aftermath.

"While COVID has slowed overall demand, it has also benefitted parts of Internet , Software , Semis and demand for select Hardware products amid work-from home/telehealth/increased supply chain focus," she wrote. Meanwhile, the combination of the pandemic and the trade dispute will push more companies to move their plants out of China. That could help some US chipmakers and designers and companies that have the manufacturing capacity to help global companies relocate.

They've taken a comprehensive look at the small- and mid-size companies they follow to show investors some of the most promising stocks in software, chips, hardware, and services, resulting in this list of 13.

 

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