Continuing remote working trends and digital transformation should drive the technology sector’s growth in the coming months. So, as such, we think it could be wise to now scoop up the shares of eGain (NASDAQ:EGAN), AstroNova (ALOT), and inTEST (INTT). These are lesser-known names that possess strong fundamentals. Let’s discuss.Although the tech-heavy Nasdaq declined significantly earlier this month, it advanced 0.71% yesterday, representing its fifth straight day of gains, its longest daily winning streak since late August. Last month, Goldman Sachs Group , Inc. (NYSE:GS) advised investors to hold on to high-growth tech stocks for long-term growth, despite market volatility.
Furthermore, as several companies extend their work-from-home arrangements due to uncertainty related to COVID-19, and businesses continue with their digital transformations, the technology industry could continue to grow for the foreseeable future. Investors’ interest in the tech stocks is evident in the Technology Select Sector SPDR Fund’s (XLK) 7.1% returns over the past three months and more than 2% gains over the past month.
So, we think it could be wise to bet on quality tech stocks eGain Corporation (EGAN), AstroNova, Inc. (ALOT), and inTEST Corporation (INTT). They are lesser-known but have significant growth potential. Moreover, they are rated A (Strong Buy) in our POWR Ratings system.