As I have talked about many times before, investing in companies that can grow corporate profits over the long term is essential when it comes to becoming a successful investor. Sometimes, though, it does pay to be a contrarian and go against the herd.
One sector that has been hit hard lately is technology stocks. Technology stocks, especially those that build hardware for personal computers (PCs), have seen corporate profits erode substantially over the past decade.
After a shift by consumers toward tablets and smartphones, the technology stocks that have not been able to adapt to these new product forms have seen a gradual but significant drop in corporate profits. The question to ask: is a turnaround possible?
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