Best tech stocks for 2021: which offer the biggest growth potential?

Please speak to a licensed financial professional before making any investment decisions. All told, potential investors could consider buying the dips here. Its shares stumbled to a 17% loss in 2020, while the S&P 500 finished up 16%. After six years under the capable leadership of Satya Nadella, MSFT stock is once again a high-tech darling. It finished 2020 up 40%, which has added another chapter to a most remarkable feat.

• This is a small-cap company valued at roughly $1.6 billion, but there’s also a lot to like about the stock at current prices.
• It provides protections across all surface areas, and there are over 35 main products.
• „We’ve done really really well with that business — it’s outperformed our best expectations,“ CEO Michael Hurlston told CNBC’s Jim Cramer in July.
• Annual earnings have increased every year since at least 2016.
• At this rate, a cloud company will grow at a sustainable pace.

The bulls have gradually warmed up to IBM again over the past year, but it’s still cheap at 16 times forward earnings and pays a generous forward yield of 4.3%. That low valuation and high yield should make it a great safe haven play. ValueWalk.com is a highly regarded, non-partisan site – the website provides unique coverage on hedge funds, large asset managers, and value investing.

Best tech stocks for 2021: 6 companies to consider

The company is a top player in digital signal processors used in wireless communications and microcontrollers used in various electronics applications. The process to open and fund an account is essentially the best tech stock to buy 2022 same everywhere. Brokers are required to know who their client is, so you will need to send in some type of information such as proof of residency, a copy of your driver’s license or passport, and the like.

• In the most recent quarter, UPWK revenues grew 24% year-over-year to $158.6 million and the gross sales value was over $1 billion.
• These include cloud migration, security/resiliency, network/edge, applications, artificial intelligence and the digital workplace.
• That said, Facebook’s digital advertising business continues to see robust growth, thanks in part to soaring demand from small businesses, retailers and leisure names like restaurants.
• Piper Sandler’s survey of teenage users found that PayPal has strong usage.

Over the years, the company has added services like network and application monitoring, log management, cloud security, database monitoring and universal service monitoring. A use case of the technology is with Wix (WIX), which operates a large website development platform. The company started with Kafka, but it could not handle the complex workloads. By implementing Confluent, Wix was able to scale its use of real-time streaming data, reduce costs and mitigate the risks. With this in mind, here are the nine of the best tech stocks to buy now.

How to invest in tech stocks

These funds are composed of a broad range of stocks that will often provide some exposure to the tech sector. Purchasing a fund also allows you to diversify your holdings and can help you avoid the risks of funneling your hard-earned money into one specific stock. Data breaches, competition and economic trends, such as interest rate hikes, can affect a tech stock’s performance, which can impact a stock’s value. Tech stocks are viewed by many investors as opportunities to invest in cutting-edge technology, which can be rewarding if a company’s product or service takes off.

This allows the company to take an agnostic approach to the technologies it recommends to customers. This not only means better results – but it also attracts more customers. Kyndryl estimates that the spinoff has expanded its market opportunity from $240 billion to $510 billion. Investors who want to buy tech stocks can do so in a brokerage account or an individual retirement account (IRA)—and, in some cases, a 401(k). If you’re just beginning your investing journey or looking for a new way to trade, check out our list of the best online brokers and the best investment apps. Tech companies now compose over 20% of the S&P 500 stock market index.

Best Stocks to Buy in 2021 According to Louis Navellier

Technology is an important driving force of economic growth for our nation. Innovation and technological developments affect all of us in many ways. For instance, during the pandemic, we saw the effects of digitalization on personal and professional lives. Thus, putting capital in solid businesses in the sector yields considerable returns for long-term portfolios. Datadog’s initial focus was on building a real-time data platform.

Technology can be used in a multitude of ways that we cannot even anticipate now. It was not that long ago that self-checkout kiosks suddenly popped up everywhere. Think about the massive changes in the way that business is being conducted on the retail level alone.

However, Tesla is also one of the leading battery technology companies worldwide and also has a solar energy business under its roof. FINX — which began trading in September 2016 — currently has 54 holdings. In terms of sectoral breakdown, Information Technology (78.3%) leads the holdings, followed by Communication Services (11.8%) and Financials (6.3%). With respect to company headquarters, the U.S. also heads the list with 65.7%, followed by the Netherlands (7.1%), Australia (5.6%) and Brazil (4.1%). Wall Street regards GE stock as a bet on continued global economic recovery.

Best Tech Stocks to Buy for Q4 Earnings Season

There are clear winners — and losers — at the start of December. The top three performing blue chip stocks this year through Dec. 5 were Salesforce (CRM), Intel and Microsoft, posting rallies of 89.1%, 60.2% and 53.9%, respectively. As one of the largest producers of analog chips worldwide, Texas Instruments needs little introduction.

In the third quarter, revenues for this segment shot up by 41% to $12.5 million. And certainly KD is an outlier on this list of best tech stocks based on its consensus Hold rating. But given its big growth prospects and business investments, it could be a solid contrarian play. However, investors seeking out the best tech stocks should not give up on Kyndryl. First of all, being independent from IBM is a major advantage.

However, any potential drop in price could provide a better opportunity to invest in QQQJ. Online payment systems provider PayPal is well-positioned to profit from the growth of e-commerce, mobile payment apps, buy-now-pay-later services and cryptocurrency trading. Analysts have initiated coverage of the stock with buy ratings and price targets between $78-$85 per share, according to MarketBeat data, indicating an upside from April’s end price of $74.55.

In 2021, there was a merger between Tech Data and Synnex, which created TD Synnex. It is a company with a market cap of $9.7bn and revenue of $15.47bn. MDT stock currently hovers slightly above $120 per share, up about 3% YTD. The stock trades at 21 times forward earnings and 5.10 times sales.