Portfolio Managers Rotate to Old-School Tech Stocks: 5 to Buy Now

Intel’s platforms are used in various computing applications, comprising notebooks, two-in-one systems, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, retail devices and manufacturing devices, as well as for retail, transportation, industrial, buildings, home use and other market segments.

The shares have returned more than 20% so far this year, while computer and technology companies overall have returned an average of about 3%. Intel is performing better than its sector in the calendar year and could be one of the reasons there has been renewed interest among managers of the venerable Silicon Valley chip giant.

Investors receive a 2.29% dividend. The $72 Morgan Stanley price objective accompanies an Overweight rating. The consensus target price is $62.41. Intel stock closed most recently at $60.74 per share, which was up over 4% on Friday.


This top software stock has bounced nicely off its 2020 low but still offers a very good entry point. Oracle Corp. (NYSE: ORCL) develops, manufactures, markets, sells, hosts and supports database and middleware software, application software, cloud infrastructure, hardware systems and related services worldwide.

The company licenses its Oracle Database software to customers, which is designed to enable reliable and secure storage, retrieval and manipulation of various forms of data. Its Oracle Fusion Middleware software aims to build, deploy, secure, access and integrate business applications, as well as automate their business processes.

The company’s solid turnaround is based in part on two main corporate strategies. First, it pivoted its on-site database and enterprise software toward cloud-based services. Second, it has aggressively acquired other cloud-based companies over the years, such as NetSuite in 2016, to expand its ecosystem of enterprise cloud services.

Investors receive a 1.37% dividend. Credit Suisse’s Outperform rating comes with a $75 price target. The $66.78 consensus target is less than the most recent close at $69.97. Shares gained almost 7% on Friday.

These five top stocks saw nowhere near the volatility the momentum darlings saw past week. While the growth rate at some of these legacy tech giants may not be as impressive as some of the high-flyers, the companies have been around for years, surviving multiple market cycles, and will still be standing when many others are long gone.

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