3 Cheap Tech Stocks for Defensive Investors
(Smart Money) — To investors who recall the dot-com stock mania of the late 1990s, technology shares might seem a bet on rapid economic growth rather than a defensive holding. After all, spending on computer equipment, unlike spending on pantry staples, tends to rise and fall with changes in consumer confidence and company profits. Nervous investors might thus prefer to pass up silicon chips in favor of peanut butter about now. However, there are two reasons to believe they shouldn’t.