While the overall market is right around all-time highs, it doesn't feel like it. That's because several of the largest tech companies are well off their all-time highs. These stocks rarely present great buying opportunities, and I've seldom seen a time when they go on sale when sentiment is mostly positive like it is right now.
Three stocks that I think are strong buys are Microsoft (MSFT 0.73%), Amazon (AMZN 1.52%), and Meta Platforms (META 2.52%). The market has sold each of them off, and I believe they are some of the best stocks to buy right now.
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All of these stocks are down significantly from their highs
All three of these stocks set a new all-time high within the past year, but have sold off heavily in 2026. Microsoft is the worst off, and is down nearly 30% from its all-time high. Meta and Amazon are about the same level off of their all-time high, with each of them being nearly 20% down.
History tells us that these stocks often rally at random times of the year to new heights, so anytime you can scoop one of these tech behemoths up at a discount has normally turned out to be an excellent opportunity. I think right now is no exception, as each of these stocks trades for an attractive forward price-to-earnings ratio.
MSFT PE Ratio (Forward) data by YCharts
Microsoft hasn't been this cheap during the past few years at all. At 23 times forward earnings, it's not far off the broader market (as measured by the S&P 500), which trades for 21.9 times forward earnings. A more appropriate comparison is likely the tech-heavy Nasdaq-100 index, which trades for 25.3 times forward earnings. Either way, Microsoft's stock is attractively valued for the strong position that it's in.
NASDAQ: MSFT
Key Data Points
Meta Platforms is even cheaper, trading at 21.1 times forward earnings. That places it beneath the S&P 500's price tag, which is shocking considering the strong growth Meta is currently undergoing.
Last is Amazon, which trades at 27 times forward earnings. Amazon has always carried a somewhat premium valuation, and this is still the case today. However, it's trading at the same levels as the depths of the 2025 tariff sell-off, which ended up being a phenomenal investment opportunity. I think it makes perfect sense today to scoop up shares on the sell-off, as Amazon will likely come thundering back once the market finds favor in this trio again.
I think these three stocks are excellent ones to buy right now, and investors should take advantage of the sale price while it's still ongoing.
