Tech stocks seem to be gaining momentum yet again after facing severe turbulence in early 2020 due to the covid-19 pandemic. Tech stock prices took a big dip during the initial days of the pandemic, worrying many tech investors about an upcoming slump. Fortunately, post the primary hit, the tech stock prices were generally on the rise for the rest of the year and the trend is following in 2021 as well. However, frequent tech stock buyers were aware of the change. They already predicted that a technology-driven shift was on the way when businesses started working on remote modes and geared up their tech stock investments. Even after hitting the rock bottom many times, tech stocks are one of the most expensive market sectors right now relative to their historical valuation. While many investors pick big companies to try their hand on, the actual brains choose small tech companies that are performing well in the market. They are inexpensive relative to their large counterparts, and there are plenty of buying opportunities among both small and mid-cap tech stocks. Top tech stocks to buy are evolving to be solid additions to one's portfolio now. Besides, tech stock investors are also rooting away from expensive tech stocks to buy quality cyclical stocks. They are looking for standard tech companies that are powering next-generation digital transformation. Analytics Insight has listed the top 10 tech stocks to buy this weekend, specifically for eager investors.
Roblox is an online platform and storefront where users go to play games. Although not a game, Roblox is a place where people play games made by other developers. At Roblox, kids can create and interact in what its makers describe as an 'immersive 3D world.' The company follows a futuristic model, leveraging players to create an avatar for themselves and let them play for a limited period over digital money. Because of the pandemic, Roblox's stock prices went up drastically pushing down many other companies. However, on a general scale, Roblox's stocks are seeing a slight fall in recent days as everything is getting back to normal.
Blackbaud is the world's leading cloud software company powering social good, especially for non-profit organizations enabling them to build strong relationships and more. Approximately, Blackbaud's products are being used by over 19,000 organizations across the globe. Leading uniquely at the intersection point of technology and social good, the company provides cloud software, services, expertise, and data intelligence that empower and connect people to drive impact for social good. Blackbaud's stock is seeing a consistent spike recently and is being valued fairly among tech stock investors. The long-term return of its stock is likely to be close to the rate of its business growth.
Applied Materials is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. The company's expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. Applied Materials develops, manufactures, markets, and series semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Applied Materials is one of the 618 individual stocks in the computer and technology sector. Besides, the company's stock is outperforming other semiconductor makers in the market.
Upwork is the world's work marketplace, connecting millions of businesses with independent talent around the globe. The company functions as a trust-driven platform that enables companies and freelancers to work together in new ways that unlock their potential. By using Upwork, both job seekers and companies can get their hands on preferred work and talents. Upwork is one of the many companies that benefitted highly from the pandemic. Upwork stocks broke out in heavy volume and moved into the buy range this week.
Jack Henry & Associates is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Founded in 1976, the company leverages more than 300 products and services that enable its customers to process financial transactions, automate their business, and succeed in an increasingly competitive marketplace. Although the stock is quite underperforming compared to its competitors, it is anticipated that it could be a temporary slump.
Taiwan Semiconductor manufacturing manufactures and markets integrated circuits and leverages wafer manufacturing, wafer probing, assembly, and testing, mask production, and design services. Besides, the company's ICs are used in computer, communication, consumer electronics, automotive, and industrial equipment industries. Founded in 1987, Taiwan Semiconductor company's stocks have been performing well in the market. Often called overvalued, the company's stock sits at the nexus of this global chip renaissance.
PayPal is an online financial service that allows users to pay for items using a secure internet account. Founded in 2000, the company was highly used by the internet auction company eBay, which owned PayPal from 2002 to 2015. Outperforming Apple Pay and Google pay, PayPal leverages many futuristic features in its platform. PayPal turned out to be the recent 'Stock of the Day' after clearing an early entry at 211.96.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.