2 Compelling Large-Cap Tech Stocks You Should Consider for 2024

In the ever-volatile technology sector, savvy investors are always on the lookout for valuable investment opportunities—companies that not only demonstrate growth potential but also offer a compelling valuation. As we step into 2024, two large-cap tech stocks stand out for those seeking to strike a balance between value and growth: Meta Platforms, Inc. META and Frank's International NV FI.

An Insightful Look at META

META, formerly known as Facebook, is a behemoth in the social media landscape with a broad array of products that connect individuals across various devices and platforms worldwide. With its headquarters planted in Menlo Park, California, META has been a key player driving the evolution of digital social interaction, expanding into the realms of virtual reality and augmented reality. Despite the potential fluctuations the stock might face in the near term, its valuation is robust. Investors keeping a keen eye on META's improving earnings outlook might find any subsequent dip in stock price a prime buying opportunity.

The Case for Investing in FI

With the growing energy needs and technological advancements in oil and gas exploration, FI—headquartered in Den Helder, the Netherlands—provides critical tubular engineering services internationally. Their expertise is in high demand across multiple regions including the United States, Europe, the Middle East, and beyond. FI's stock might also experience short-term volatility, but the company's valuation presents strength. For those looking at the big picture, FI offers an attractive entry point, especially if share prices pull back, coinciding with their positive earnings trajectory.

In conclusion, although there may be near-term market movements that cause share prices of META and FI to waver, their current valuations paired with an improving earnings outlook make them worth consideration by investors hunting for hidden gems in the large-cap tech stock space.

investing, technology, value