6 High-Quality Tech Stocks To Buy On The Dip

In a new report, Drexel Hamilton analyst Brian White addressed the 2016 selloff in tech stocks and names six top stock picks investors should be buying on the dip. “In the aftermath of the recent decline, we are highlighting well-positioned, high-quality cash-rich tech stocks… along with high-growth names,” White explained.

Here’s a look at his six picks:

Apple Inc. (NASDAQ: AAPL)

White called Apple one of the best value opportunities in the tech world and lists the new iPhone cycle, the ramp of Apple Watch ad new geographic opportunities such as India as catalysts for the stock.

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Cisco Systems, Inc. (NASDAQ: CSCO)

White likes Cisco’s valuation, its 4.2 percent dividend yield and its strong execution.

Oracle Corporation (NYSE: ORCL)

White praised Oracle’s aggressive push into cloud computing and sees a strong portfolio across all cloud layers.

Red Hat Inc (NYSE: RHT)

White sees Red Hat as the top company in the enterprise Linux server OS market and sees plenty of growth opportunities ahead.

Tableau Software Inc (NYSE: DATA)

White sees Tableau as a pioneer in visual analytics and one of the few available Big Data pure plays.

Splunk Inc (NASDAQ: SPLK)

White named Splunk as another play on the Big Data trend that he believes is just getting started.

Disclosure: The author holds no position in the stocks mentioned.

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