While the tech-focused Nasdaq Composite index inched higher over the last three months, lithography leader ASML (NASDAQ: ASML) and Singapore-based e-commerce and fintech business Sea Limited (NYSE: SE) moved in the opposite direction. With the market worrying over ASML's slower growth amid a down cycle in the semiconductor market and Sea Limited facing a prolonged slowdown in sales growth, the once-hypergrowth stocks declined 18% and 39% in the last three months. Here's what makes ASML and Sea magnificent supercharged tech stocks to buy at today's prices.
First, I'd like to see at least some semblance of a competitive advantage. When asking my followers on social media, PayPal Holdings (NASDAQ: PYPL) came out as the runaway winner for struggling stocks to buy at a discount, and I agree that it has potential. Discount retailer Dollar General has a competitive advantage: over 19,000 locations around the country.
The U.S. is a center of innovation, and investors and governments worldwide follow its stock market and its economy. Investors who want to capitalize on such opportunities should look at stocks from companies like Nu Holdings (NYSE: NU), StoneCo (NASDAQ: STNE), and Sea Limited (NYSE: SE). According to TopMobileBanks, Nu Holdings has emerged as the world's largest digital bank, as measured by capital raised.